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Diamond Market Growth, Trends Analysis, Size, Segmentation, Share And Overview By 2032
Diamond Market Analysis
The Business Research Company's Diamond Global Market Report 2023 identifies growth in the diamond market as the major driver for the diamond market's growth in the forecast period. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Marine Mining is a form of Diamond that is used in offshore placer deposits.
The global diamond market size will grow from $2.43 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of diamond is expected to grow from $3.41 billion in 2027 at a CAGR of 7.5%.
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Major competitors in the diamond market are Rockwell Diamonds, Anglo American Plc, Gem Diamonds.
A key trend in the diamond market includes using X-Ray Transmission (XRT) technology. Under this technology, a mineral concentrate is passed through sensors that bombard each stone with X-rays and measure the absorption of each stone. XRT technology is quickly becoming the standard in the industry, as new mines begin using it and older mines make a transition to it.
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The diamond market is segmented -
1) By Type: Jewelry Making, and Industrial Applications
2) By Mining Type: Underground Mining, Surface Mining
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Africa was the largest region in the diamond market.
The Business Research Company's "Global Diamond Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Diamond Market Include:
1. Executive Summary
2. Report Structure
3. Diamond Market Characteristics
4. Diamond Market Product Analysis
5. Diamond Market Supply Chain
……..
19. Diamond Market Competitive Landscape
20. Key Mergers And Acquisitions In The Diamond Market
21. Market Background: General Mineral Mining Market
22. Recommendations
23. Appendix
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