openPR Logo
Press release

Global Diamond Market Projected to Reach $96.51 Billion by 2028 with 4.06% CAGR: TechSci Research

02-06-2024 09:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: TechSci Research Pvt Ltd

Global Diamond Market Projected to Reach $96.51 Billion by 2028

TechSci Research's report, "Global Diamond Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028", reveals that the market reached USD 96.51 billion in 2022 and is projected to grow at a 4.06% CAGR from 2024 to 2028. The global diamond market is a complex industry encompassing mining, manufacturing, trading, and retailing of these precious gemstones. Diamonds possess enduring allure, representing love, elegance, and wealth, making them highly coveted in various forms, including engagement rings, high-end jewelry, and investment-grade stones.
The diamond market has seen consistent growth fueled by factors such as increasing disposable incomes, changing consumer preferences, effective marketing strategies, and the longstanding tradition of diamonds as symbols of commitment and luxury. Economic expansion in emerging markets, particularly in the Asia-Pacific region, has broadened the consumer base for diamonds, driving market expansion.

Browse Report@
https://www.techsciresearch.com/report/diamond-market/19781.html

The diamond market is segmented based on factors such as the 4Cs-carat weight, cut, clarity, and color-which determine the value and quality of diamonds. Diamonds span from small, industrial-grade stones to larger, gem-quality diamonds prized for their rarity and beauty. The market encompasses various shapes, cuts, fancy-colored diamonds, and synthetic or lab-grown alternatives.
The diamond supply chain originates from mining operations across regions like Africa, Russia, Canada, and Australia. Rough diamonds extracted from mines undergo sorting, grading, and valuation before being sold to manufacturers. Cutting and polishing centers, predominantly located in countries such as India, Belgium, Israel, and the United States, transform rough diamonds into polished gems. Subsequently, the polished stones navigate through a network of traders, wholesalers, and retailers before reaching consumers.

Gain In-Depth Insights by Requesting a Comprehensive Report Sample Now!
https://www.techsciresearch.com/sample-report.aspx?cid=19781

Marketing efforts from diamond producers, mining firms, and retailers significantly influence consumer perceptions and stimulate demand. Brands often employ emotional narratives, emphasizing diamonds' importance in significant occasions and celebrations. Innovative marketing approaches, such as digital platforms, collaborations with influencers, and experiential retail, aim to connect with diverse consumer groups.
Challenges in the diamond market include price fluctuations, geopolitical issues, and rising competition from lab-grown diamonds. Nevertheless, opportunities lie in adapting to evolving consumer tastes, improving supply chain transparency, and utilizing technology for traceability and marketing purposes.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Diamond Market is expected to grow at a CAGR of 4.06% during the forecast period.
• Diamond Market has a valuation of US$ 96.51 Billion as of 2028.
• North America currently holds the title of the largest Market for diamonds.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various diamonds.
• In terms of type, the cages segment claims the top spot in Diamond Market share.
• When considering the sales channel, the portable diamond retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Diamond Market.

Competitive Landscape
TechSci Research's Diamond Market report, based on provided market data, offers tailored customizations to meet the unique needs of each company. Customization options for the report include:

Recent Developments:
In July 2023, Burgundy Diamond Mines Limited, a diamond mining company, finalized the acquisition of Arctic Canadian Diamond Company (ACDC). ACDC is the proud owner of the Ekati mine, situated in Canada's Northwest Territories. This strategic move is anticipated to significantly bolster Burgundy Diamond Mines' vertical integration across the diamond value chain.
Also in July 2023, De Beers Group forged a mutually beneficial agreement with the Botswana government to enhance the supply of rough diamonds to the African nation. This comprehensive initiative aims to strengthen the capacity of the company's facility, with a targeted 50 percent increase in rough diamond provision over the next decade.
In May 2023, Blackstone Inc., a global leader in alternative asset management, announced the successful acquisition of the esteemed diamond grading firm, International Gemological Institute (IGI), for a substantial sum of USD 535 million. This acquisition marks a notable milestone in Blackstone's ambitious expansion endeavors in India.

Major companies operating in Global Cosmetic Products Market are:
Petra Diamonds Limited, Rio Tinto, Trans Hex Group, Lucara Diamond, ALROSA, De Beers, Mountain Province Diamonds, Arctic Canadian Diamond Company, Gem Diamonds, Dominion Diamond Mines

Market Segmentation for Diamond Market:
• Diamond Market, By Type:
o Natural
o Synthetic
• Diamond Market, By Application:
o Jewelry & Ornaments
o Industrial
• Diamond Market, By Distribution Channel:
o Online
o Offline
• Diamond Market, By Region:
o North America
 United States
 Canada
 Mexico
o Europe
 France
 United Kingdom
 Italy
 Germany
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
o South America
 Brazil
 Argentina
 Colombia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
 Egypt
Get a Sample PDF of report@
https://www.techsciresearch.com/sample-report.aspx?cid=19781
Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Challenges Faced Post Purchase
4.3. Brand Awareness
5. Global Diamond Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Natural, Synthetic)
5.2.2. By Application Market Share Analysis (Jewelry & Ornaments, Industrial)
5.2.3. By Distribution Channel Market Share Analysis (Online and Offline)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. South America Market Share Analysis
5.2.4.3. Middle East & Africa Market Share Analysis
5.2.4.4. Europe Market Share Analysis
5.2.4.5. Asia-Pacific Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Diamond Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Application Market Mapping & Opportunity Assessment
5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.4. By Region Channel Market Mapping & Opportunity Assessment
6. North America Diamond Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Application Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
6.3. North America: Country Analysis
6.3.1. United States Diamond Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type Market Share Analysis
6.3.1.2.2. By Application Market Share Analysis
6.3.1.2.3. By Distribution Channel Market Share Analysis
6.3.2. Canada Diamond Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type Market Share Analysis
6.3.2.2.2. By Application Market Share Analysis
6.3.2.2.3. By Distribution Channel Market Share Analysis
6.3.3. Mexico Diamond Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type Market Share Analysis
6.3.3.2.2. By Application Market Share Analysis
6.3.3.2.3. By Distribution Channel Market Share Analysis

Explore Related Consumer Product Research Reports:

Lab Grown Diamonds Market: Lab Grown Diamonds Market has valued at USD 24.94 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.9% through 2028.
Browse Report@
https://www.techsciresearch.com/report/lab-grown-diamonds-market/20849.html

Gems & Jewelry Market: Gems & Jewelry Market has valued at USD136.45 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.1% through 2028.
Browse Report@
https://www.techsciresearch.com/report/gems-jewelry-market/16481.html

Saudi Arabia Gold and Diamond Jewelry Market: Saudi Arabia Gold and Diamond Jewelry Market has valued at USD 3.43 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 14.07% through 2028.
Browse Report@
https://www.techsciresearch.com/report/saudi-arabia-gold-and-diamond-jewelry-market/13066.html

Luxury Jewelry Market: Luxury Jewelry Market has valued at USD 42.54 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.2% through 2028.
Browse Report@
https://www.techsciresearch.com/report/luxury-jewelry-market/20780.html

UAE Gems and Jewelry Market: UAE Gems and Jewelry Market has valued at USD 7.54 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.64% through 2028.
Browse Report@
https://www.techsciresearch.com/report/uae-gems-and-jewelry-market/1451.html

Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com

About TechSci Research:
TechSci Research is a management consulting firm centered on research, offering global Market research and advisory solutions across various industries. The core principles guiding TechSci Research are value, integrity, and insight. With a team of dynamic industry experts at the helm, TechSci Research delivers high-value Market research and advisory services to clients worldwide. These services aid in identifying new Market opportunities, growth strategies, and innovative approaches to secure Market share. Consequently, TechSci's clients are positioned as leaders, pioneering Market trends rather than merely following them.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Diamond Market Projected to Reach $96.51 Billion by 2028 with 4.06% CAGR: TechSci Research here

News-ID: 3373878 • Views:

More Releases from TechSci Research Pvt Ltd

India Emerging Infectious Disease Diagnostics Market : Industry Size and Growth Trends [2028] Analyzed by TechSci Research
India Emerging Infectious Disease Diagnostics Market : Industry Size and Growth …
According to TechSci Research report, "India Emerging Infectious Disease Diagnostics Market, By Region, Competition, Forecast and Opportunities, 2020-2030", the India Emerging Infectious Disease Diagnostics Market stood at USD 317.63 million in 2024 and is anticipated to grow with a CAGR of 9.87% through 2030. Government initiatives aimed at advancing emerging infectious disease diagnostics have created favorable market conditions for the India Emerging Infectious Disease Diagnostics Market. Several factors contribute to
India Hearing Aid Devices Market: Unveiling Competition, Size, and Robust Growth Prospects Through 2028
India Hearing Aid Devices Market: Unveiling Competition, Size, and Robust Growth …
Overview According to TechSci Research report, "India Hearing Aid Devices Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028", the India hearing aid devices market is anticipated to witness steady growth in the forecast period, FY2024-FY2028. A hearing aid device is an electronic device that is used by patients suffering from auditory damage and hearing loss. The market is driven by the rise in the geriatric population and the growing
India Diagnostic Labs Market [2029]: Top Trends, Size, and Competitive Intelligence - TechSci Research
India Diagnostic Labs Market [2029]: Top Trends, Size, and Competitive Intellige …
Introduction According to the TechSci Research report titled "India Diagnostic Labs Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2019-2029," the India Diagnostic Labs Market was valued at USD 16,471.21 million in 2023. It is anticipated to witness impressive growth at a CAGR of 11.55% through 2029. This growth is driven by collaborations and partnerships among leading companies, which are merging their expertise to strengthen their market positions. Additionally, the
India Semiconductor Market Growth Analysis By Size, Share, Trends & Opportunities [2029F]
India Semiconductor Market Growth Analysis By Size, Share, Trends & Opportunitie …
The India semiconductor market is poised for significant growth, as indicated by the TechSci Research report titled "𝐈𝐧𝐝𝐢𝐚 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - By Region, Competition Forecast & Opportunities, 2019-2029." With a valuation of 𝐔𝐒𝐃 𝟑𝟒,𝟒𝟐𝟔.𝟗𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑, 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐡𝐢𝐛𝐢𝐭 𝐫𝐨𝐛𝐮𝐬𝐭 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟐𝟒.𝟑𝟐% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝. Several factors contribute to this growth, including increasing consumer demand for electronic

All 5 Releases


More Releases for Diamond

Jewelry Diamond Market is Booming Worldwide | Zhongnan Diamond, Jinqu Chaoying D …
Latest launched research document on Global Jewelry Diamond Market study of 115 Pages provides detailed analysis with presentable graphs, charts and tables. The Research Study presents a complete assessment of the Market and highlights future trend, growth factors & drivers, leaders opinions, facts, and primary validated market data. The research study provides estimates for Global Jewelry Diamond Forecast till 2026*. How to reach that market place and its associated audience with
Synthetic Diamond Market | Key Players - Include Element Six (E6), Applied Diamo …
As per the current market trends and the promising nature of the Global Synthetic Diamond Market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various
Global Diamond Wire Market 2018 - Asahi Diamond, Nakamura Choukou, Diamond Paube …
LPInformation.biz has broadcasted a new title Global Diamond Wire Market Professional Survey Report 2018 which offers key market trends, industry drivers, challenges, upcoming technologies, key company profiles and strategies of players such as Asahi Diamond, Nakamura Choukou, Diamond Pauber, SCHMID, Metron, DIAT New Material, Noritake, Nanjing Sanchao, A.L.M.T., Sino-Crystal Diamond, Henan Yicheng, Zhejiang Ruiyi, Tony Tech, READ, ILJIN Diamond, Logomatic. Industries/clients will understand current global competitive market status through this
Global Single Crystal Diamond Market 2017 - CR GEMS Diamond, ZhongNan Diamond, E …
The report studies Single Crystal Diamond in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 Access Full Report @ https://goo.gl/p95fT2 The report, titled Single Crystal Diamond is an in-depth analysis of the Single Crystal Diamond market across the world. A brief historic overview of the Single Crystal Diamond market has been
Single Crystal Diamond Market 2017 - Element Six, ZhongNan Diamond, CR GEMS Diam …
Apex Research, recently published a detailed market research study focused on the "Single Crystal Diamond Market" across the global, regional and country level. The report provides 360° analysis of "Single Crystal Diamond Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Single Crystal Diamond industry, and estimates the future trend of
Global Industrial Diamond Sales Market 2017 - Advanced Diamond Solutions, Applie …
The Industrial Diamond Sales market research report distils the most essential aspects of the market and presents them in the form of a comprehensive and cohesive document. The findings of this report have been obtained via a balanced mix of both primary and secondary research. Interviews of C-level executives in the Industrial Diamond Sales market form a chunk of the qualitative analysis contained in this report. Download Sample Report @