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GEMXX Corp. (GEMZ) to Capitalize on Growing Trend in India’s Jewelry and Colored Gemstone Markets

  • GEMXX recently announced insights into the burgeoning jewelry and colored gemstones markets in India
  • The jewelry market in India is expected to grow by US$21.54 billion between 2023 and 2027, while the colored gemstones market is projected to reach $1.9 billion by 2033 from an estimated $707.8 million in 2024
  • GEMXX, a leading producer of top-quality finished Ammolite, anticipates that this rare gemstone has the potential to attract a significant portion of buyers in India seeking something innovative or distinct from conventional colored gemstones
  • The company is positioned to capitalize on the growing trend in the colored gemstones market, with its unmatched mine-to-market hold on high-quality Ammolite supplies, by offering a wide array of Ammolite products to cater to the evolving preferences of consumers in India

India’s colored gemstone industry has rebounded, witnessing a resurgence in demand after taking a hit during the pandemic in 2020. Multiple reasons have been advanced to explain the recovery, including the growing impact of social media, the middle-class population’s growing desire for a more luxurious lifestyle, improving standards of living, the traditional appreciation of jewelry as a store of wealth and a secure asset, plus general aesthetic reasons (https://nnw.fm/iFtCt).

“Beyond mere aesthetics, gemstones and gold in India hold a distinct significance for a substantial portion of the population, believed to possess almost divine powers. The demand for colored gemstones is also on the rise, driven by their perceived Vedic properties, making them more than just precious stones but also carriers of sentimental and astrological value,” wrote GEMXX (OTC: GEMZ) in a Jan. 31 press release announcing its insights into the burgeoning jewelry and colored gemstone markets in India (https://nnw.fm/wnGZR).

A leading mine-to-market company, GEMXX controls every stage of its operations, from gold and gemstone extraction to jewelry production and worldwide distribution. The company is currently focused on mining and producing jewelry out of gold, a traditional safe-haven asset, and Ammolite, a rare gemstone with iridescent properties.

GEMXX had previously projected a promising future for gold, a commodity it forecasts will reach new highs in the coming 24 months (https://nnw.fm/93xSL). In a more recent announcement, the company provided a similarly positive outlook covering India’s burgeoning markets for colored gemstones, of which Ammolite is part, and jewelry.

In the press release, GEMXX highlighted recent industry forecasts, which anticipate that the jewelry market in India will surge by US$21.54 billion between 2023 and 2027, representing an impressive CAGR of 5.54%. This growth, GEMXX holds, is positioning India as a key player in the global jewelry arena. The company also singled out the colored gemstones market in India, which analysts expect to reach $707.8 million in 2024 and US$1.9 billion by 2033, marking a robust 10.5% CAGR between 2023 and 2033.

“This industry forecast pinpointing the increase in demand for colored gemstones and gold allows investors a safe haven for investing in a company backed by gemstones and gold rather than a sometimes-volatile technology stock,” said Jay Maull, CEO of GEMXX Corp. “The growth rate of the colored gemstone market in India is surpassing the overall growth rate of the jewelry market in India by 2.1%.”

According to Maull, Ammolite, a relatively recent addition to the Indian colored gemstone market, has the potential to attract a significant portion of buyers seeking something innovative or distinct from conventional colored gemstones. Against this backdrop, GEMXX is positioned to take advantage of this growing trend by offering a wide array of ammolite products to cater to the evolving preferences of the Indian market.

“GEMXX stands out as the leading producer of top-quality finished Ammolite, surpassing all other competitors in terms of quality and production capacity,” the company says on its website (https://nnw.fm/t7L0J). These unique capabilities are expected to enable GEMXX to continue to innovate and provide unique gemstone options that resonate with not only the cultural practices but also the spiritual beliefs of consumers in India.

Those interested in participating through Reg A financing are encouraged to visit the company’s investor page (https://nnw.fm/umXVl) or contact company officials for more information (ir@gemxx.com – 702-930-1815).

For more information, visit the company’s website at www.GEMXX.com/investors.

NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://nnw.fm/GEMZ

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