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Gems

What is the gems/gemstone industry?

The gems/ gemstone industry is a time-honoured and beneficial sector of mining. It is related to producing, shaping, manufacturing, polishing, distributing, marketing and retailing gemstones. These are mineral crystals or organic materials such as pearl or amber. Such gems are valued for their chemical/physical properties and/or aesthetic appeal. It results in a sector that employs hundreds of thousands to over a million professionals in hundreds of companies. It is a sector of high value to diverse industries. For example, it is a vital segment for the jewellery, arts, and handicrafts sectors. The IT, medical, defense, watches, construction, and glass production sectors also rely on it. It is also associated with the mining, chemical, and metalworks industries.

Is the sector innovative and high-valued?

As a result, the gems industry is a high-value and invaluable sector. For example, it has recently reached a market size of $49.80 billion. The sector is among the highly innovative industries. It is due to the importance of novel solutions in overcoming the latest challenges. These are often the result of continuous research and development. These are presented during various trade expositions. Such events frequently occur in countries with time-honoured links to the sector, such as the French Republic and the Kingdom of Spain. They also take place in the Federative Republic of Germany. Such trade expositions occur every six months to one year and attract tens of thousands of participants.