Corundum Market Size Worth $3.5 Billion By 2027

The production decline coupled with weak purchase sentiments leads to a decrease in sales revenue from 2016 to 2017. Over the period from 2018 to 2019, the dynamics improved for the domestic corundum industry in the U.S. This positive growth was largely influenced by the steady growth in domestic production along with improved market conditions. The domestic production of synthetic and natural gemstones increased from nearly USD 59.5 million in 2018 to approximately USD 65 million in 2019.

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