Diamonds Market size was valued at USD 84.5 Billion in 2024 and is projected to reach USD 103.1 Billion by 2033, exhibiting a CAGR of 4% from 2026 to 2033.
The global diamonds market was valued at approximately USD 90.9 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The increasing demand for luxury products and growing adoption of diamonds in jewelry manufacturing are driving the markets growth. North America holds a significant market share, with the United States being a leading consumer, contributing a large proportion of market revenue. The regions market size was valued at around USD 24.6 billion in 2022. Europe follows closely with a market size of approximately USD 22.1 billion, driven by high demand in countries like the UK, Germany, and France. The Asia Pacific region, particularly China and India, is witnessing a surge in demand for diamonds due to a growing middle class and rising disposable income, contributing significantly to the global market size, with the region accounting for nearly 30% of the global demand in 2022. The Middle East and Africa also demonstrate promising growth potential, with the market size reaching approximately USD 5.5 billion in 2022.
The diamond market is experiencing significant growth opportunities in emerging economies due to increasing urbanization and a growing preference for luxury goods. In particular, the Asia Pacific region is expected to continue expanding its market share due to robust demand from India and China. Additionally, the increasing popularity of synthetic diamonds and lab grown alternatives presents new growth opportunities for market players, as they offer a more affordable and sustainable option. The market for rough diamonds is also poised for expansion as the demand for high quality gems increases, particularly in high end luxury and engagement jewelry. These factors combined are driving the market towards a favorable growth trajectory, with increasing competition and innovation from both traditional and new entrants.
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De Beers Sa
Element Six
Sandvik Hyperion
ILJIN Diamond
Zhongnan Diamond
HUANGHE WHIRLWIND
Sino-crystal Diamond
JINQU
CR GEMS
HongJing
SF-Diamond
Yalong
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Diamonds Market
Rough Diamonds
Polished Diamonds
Lab-Grown Diamonds
Jewelry
Industrial
Investment
Online Retailers
Brick-and-Mortar Retailers
Wholesalers
Low Price Range
Medium Price Range
High Price Range
Men
Women
Businesses
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Diamonds Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Diamonds Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Diamonds Market, By Type
6. Global Diamonds Market, By Application
7. Global Diamonds Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Diamonds Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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