Synthetic Gemstone Market Report 2026

The synthetic gemstone market size has grown steadily in recent years. It will grow from $24.2 billion in 2025 to $25.18 billion in 2026 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to rising demand for affordable gemstones, growth of jewelry and luxury accessories market, increasing use in watches and optical instruments, adoption in collectibles, conventional preference for mined gemstones.

The synthetic gemstone market size is expected to see steady growth in the next few years. It will grow to $29.56 billion in 2030 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to expansion in high-end synthetic gemstone jewelry, adoption in precision instruments and laser applications, rising industrial usage in manufacturing, growth in online and retail distribution channels, increasing consumer preference for ethically sourced gemstones. Major trends in the forecast period include integration of ai for gemstone quality inspection, adoption of automated gemstone synthesis techniques, use of eco-friendly and energy-efficient production methods, implementation of iot for real-time process monitoring, growing demand for high-quality jewelry-grade synthetic gemstones.

The growth of the jewelry industry is expected to drive the expansion of the synthetic gemstone market in the coming years. The jewelry industry involves designing, producing, and retailing adornments such as rings, necklaces, and bracelets made from precious metals and gemstones. Its growth is fueled by the increasing adoption of synthetic gemstones, which offer ethical sourcing, cost-effectiveness, and consistent quality, meeting the rising consumer demand for sustainable and affordable luxury options. Synthetic gemstones support the jewelry industry by providing high-quality, ethical, and cost-effective alternatives to natural gemstones, fostering innovation and enabling jewelers to satisfy diverse consumer preferences while reducing environmental impact. For example, in January 2024, the World Gold Council (WGC), a UK-based non-profit industry association, reported that global gold jewelry consumption increased slightly from 2,088.9 tonnes in 2022 to 2,092.6 tonnes in 2023. In China, consumption grew from 570.8 tonnes in 2022 to 630.2 tonnes in 2023, representing a 10% year-on-year increase. Consequently, the growth of the jewelry industry is driving the synthetic gemstone market.

Major companies in the synthetic gemstone market are investing in innovative products to enhance performance and durability. One notable advancement is the development of polycrystalline diamond (PCD) by Hyperion Materials & Technologies. PCD is a synthetic diamond material composed of numerous small diamond-bonded grains known for their hardness, wear resistance, and thermal conductivity. Hyperion launched the P-Series PCD and U-Series PCD in November 2023, designed to deliver superior performance across a range of materials such as aluminum, copper, and carbon-fiber-reinforced polymers (CFRP). These products cater to industries requiring precise machining solutions and highlight the versatility and reliability of synthetic gemstones in industrial applications.

In August 2023, Emerald Jewel Industry India Limited, an India-based manufacturer specializing in synthetic gemstones, formed a partnership with Preciosa. This collaboration seeks to combine Emerald Jewel Industry's renowned craftsmanship with Preciosa's exceptional CZ color stones, enhancing the quality and variety of their jewelry collections. Together, the companies aim to introduce innovative and visually striking jewelry to the market. Preciosa Group, based in Czechia, is a manufacturer of high-quality crystal products.

Major companies operating in the synthetic gemstone market report are Kyocera Corporation, Swarovski AG, Gilson Inc., RusGems, Charles & Colvard Ltd., Diamond Nexus Labs, Chatham Inc., BetterThanDiamond Inc., Biron Gems, Scio Diamond Technology Corporation, Tairus, ALTR Created Diamonds, Diamond Foundry, Pure Grown Diamonds, MiaDonna, Veynou, Element Six, Henan Huanghe Whirlwind Co Ltd, Zhongnan Diamond Co Ltd, Zhengzhou Sino‑Crystal Diamond Co Ltd, Sumitomo Electric Industries Ltd, Greenlab Diamonds, New Diamond Technology LLC, Vera Bijou.

North America was the largest region in the synthetic gemstone market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic gemstone market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the synthetic gemstone market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The synthetic gemstones market consists of sales of synthetic diamond, synthetic spinel, synthetic alexandrite, synthetic quartz, synthetic opal, synthetic moissanite, synthetic garnet, and synthetic turquoise. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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