Top Gemstone Industry Trends for 2024

It’s no doubt that gemstones have wowed the world for centuries. Gems were considered talismans, symbols of wealth and were also believed to have mystical properties. Over time, gems were also used in jewellery. Once worn only by royalty, they have now made their way into every woman’s wardrobe.

Thanks to the ever-growing popularity and demand for diamonds and coloured gems, the gemstone industry has witnessed steady growth over the past years. And, the gemstone industry trends for 2024 are also extremely positive.

This year, the focus is on coloured gems in pastel tones and pink hues, darker hues like purples and reds as well as cool Mediterranean blues and greens. What’s more, bright rainbow gems have also taken the jewellery world by storm and are here to stay. And with the Pantone Colour of the Year being Veri Peri, purple gems like tanzanite and amethyst are at the forefront.

When it comes to gemstone shapes, the sky is the limit. You’ll witness unique shapes and cuts that highlight the colour and sparkle of the gem. This year is all about bold and unconventional geometric designs that give off a luxurious vibe.

Did You Know?

The gemstone industry is poised to reach an estimated $30,779.1Mn by the end of 2024.

Gemstone Industry Trends Based on Gems and Shapes

Trending Gemstones for 2024

• The Big 4

Several semi-precious gems have been spotted on the runways and red carpets this year and will continue to dominate the rest of the year, according to gemstone industry trends. However, the four precious gems are definitely still trending. Jewellery pieces studded with diamond, sapphire, ruby and emerald are truly classics, tough enough for daily wear and still sought-after this year.

What’s more, when it comes to sapphire, bright hues like orange, yellow and pink are just as popular as their blue counterparts, if not more. And for those who love diamonds but are looking for something different, there’s good news. Blue diamonds seem to be topping the trend charts this year.

Angara says: Why not let your engagement ring double as your something blue? Shop breathtaking blue diamond engagement rings now.

• Moissanite

If you love the brilliance of a diamond but have been looking for a budget-friendly alternative, this trending gem is your answer. Lab-made moissanites are durable, sparkly and less expensive than diamonds. In fact, they even rival the brilliance of a diamond.

• Aquamarine

With hues reminiscent of the sea and sky, aquamarine is another coloured gem that’s been trending this year. This beautiful gem also symbolises friendship and loyalty. So, if you’re looking for a charming present for your BFF, why not surprise her with some gorgeous aquamarine jewellery.

• Garnet

Symbolic of the heart and passion and loved for its bright red hue, garnet has taken over the runways this year. What’s more, it is also considered an affordable alternative to ruby.

 Angara says: Want to add something red to your jewellery box? Cheque out these gorgeous garnet earrings and pendants.

•Tanzanite

Love rare and exotic gemstones? Well then, tanzanite fits the bill perfectly. In keeping with the Pantone Colour of the Year, this trending gem exudes a deep violet-blue hue. This impressive gemstone is considered a symbol of new beginnings and is rarer than diamonds.

•Blue Topaz

If blue is your colour, you’ll surely love this trending gem. Blue topaz is extremely popular this year. Whether you prefer a light sky blue or an intense inky blue hue, this gem should definitely be on your wish list.

• Amethyst

Here’s another gem for those who wish to flaunt the Veri Peri Pantone colour. Amethyst is sought-after for its rich purple hue and is certainly a gem fit for royalty. What’s more, amethyst represents sobriety, spirituality and contentment.

• Morganite

With pastel hues being a top gemstone trend this year, peach-coloured morganite is a must-have. This gem is believed to attract love and also represents tranquility. So, if you want to flaunt some pleasing peachy hues, how about adding a morganite ring or bracelet to your collection.

• Turquoise

Another beautiful blue gem that’s a must-have this year is turquoise. This chic sky-blue gem was nicknamed the ‘gem of joy’ by ancient Egyptians. What’s more, it is said to symbolize happiness, positivity and good fortune.

Trending Gemstone Shapes and Cuts for 2024

Geometric Shapes

Some of this year’s top gemstone industry trends have been contemporary shapes, angular cuts, sculptured edges and clean lines. Hexagonal, octagonal and trillion-cut gemstones have been making the rounds at all major fashion and jewellery shows. Gemstones in unique geometric shapes are all the rage this year.

Want to don jewellery adorned with gemstones in eye-catching geometric shapes and cuts?

• Kite

Another major trend is kite-shaped gems in bright hues. This shape has a more elongated look and emphasizes the colour and play of light on a gemstone. What’s more, the large centre facet of this shape makes the gem appear bigger.

• Emerald-Cut

Now here’s a shape that comes celebrity-endorsed! The emerald-cut with tapered edges and step-cut faceting highlights the clarity of a gemstone.

Several stars and A-listers have all been spotted sporting emerald-cut rings.

Do you also want to flaunt some red-carpet-worthy jewellery? Go ahead and treat yourself to an exquisite emerald-cut ring.

Angara says: The emerald-cut was originally used only for emeralds as gemstone cutters realised this shape prevented chipping. However, it was soon used for a variety of different gems.

• Pear

A classic that has made a comeback this year is the pear shape. Shaped like a teardrop, this elongated silhouette is ever-so-charming and emphasizes the sparkle of the gemstone. That’s not all, gemstone industry trends reveal thatit’s also a popular choice for engagement rings.

• Round

Truly a classic, the round shape is here to stay. Round gemstones have that sought-after old-world charm and are perfect to highlight the colour and sparkle of a gem.

Wish to add something traditional to your jewellery collection? Go ahead and pick a classic round diamond ring or a pair of round diamond studs earrings .

• Heart

Super charming and symbolic, the heart shape is also a trending shape for the year. A popular pick for engagement and promise rings, this shape suits a variety of different gemstones such as diamonds, rubies, pink sapphires, aquamarines and more.

• Baguette

With elongated gemstone shapes being the norm, the baguette cut has also emerged as a top choice for 2024. This long, rectangular silhouette features facets, step cuts and sharp edges. That’s not all, the baguette cut in a tapered style is a popular choice for side stones in jewellery designs.

• Asscher-Cut

Those who love squarish gemstone shapes will be happy to know that the Asscher-cut is also trending this year. This step cut has linear facets, a large open table and exudes a modernist vibe.

Also Read: Which is the Best Gemstone for An Engagement Ring?