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Diamond Market Report 2024-2033: Size, Growth, Trends, Analysis, Demand, Key Players

Diamond Market Report 2024-2033: Size, Growth, Trends,

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Diamond Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.29 billion In 2028 At A CAGR Of 6.2% :
The diamond market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to jewelry industry, symbol of luxury and status, industrial applications, investment and store of value, cultural significance.

The diamond market size is expected to see strong growth in the next few years. It will grow to $3.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to continued demand in jewelry, rising affluence and middle-class growth, emerging market preferences, sustainable and ethical sourcing, innovations in marketing and retail. Major trends in the forecast period include customization and personalization in diamond jewelry, artificial intelligence in diamond grading, investment in diamond futures, growing interest in vintage and secondhand diamonds, shift in consumer behavior towards experiences over possessions.

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Diamond Market Major Segments
The diamond market covered in this report is segmented -
1) By Type: Jewelry Making, and Industrial Applications
2) By Mining Type: Underground Mining, Surface Mining

Key Driver - Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth

The growth in the diamond market is due to the increasing population in developing countries such as China and India owing to rising disposable income, increased demand, and availability of credit. 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. For instance, in 2021, according to the Bureau of Statistics of China, a China-based Government agency data, disposable personal income in China increased to 47412 CNY 2021. Therefore, the rising disposable income is driving the growth of the diamond market.

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Prominent Trend - Revolutionizing The Diamond Industry Through The Rise Of X-Ray Transmission (XRT) Technology

Companies engaged in the diamond industry are using X-Ray Transmission (XRT) technology, to increase efficiency in their operations in the global diamond market. 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.

Diamond Market Players
Major companies operating in the diamond market report are Sumitomo Electric Industries Ltd., Anglo American plc, Rockwell Diamonds Limited, De Beers Group of Companies, Diamond Foundry Inc., Alrosa PJSC, Swarovski AG, Henan Huanghe Whirlwind Co. Ltd., ILJIN Co. Ltd., Petra Diamonds Limited, Element Six Limited, Lucara Diamond Corporation, Zhengzhou Sino-Crystal Diamond Co. Ltd., Gem Diamonds Limited, CENTAURUS Technologies Inc., WD Lab Grown Diamonds, New Diamond Technology LLC, IIa Technologies Pte. Ltd., Clean Origin LLC, Pure Grown Diamonds Inc., ABD Diamonds Private Limited, Washington Diamonds Corporation, Diam Concept International, Applied Diamond Inc., Crystallume PVD, Mittal Diamonds, D.NEA Diamonds, Finegrown Diamonds, Zhongnan Diamond Co. Ltd., Heyaru Group, SedKrist GmbH

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/diamond-global-market-report

Largest And Fastest Growing Region In The Market
Africa was the largest region in the diamond market in 2023. The regions covered in the diamond market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Diamond Market Report Structure
3. Diamond Market Trends And Strategies
4. Diamond Market - Macro Economic Scenario
5. Diamond Market Size And Growth
…..
27. Diamond Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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