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

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.