openPR Logo
Press release

Diamond Market is is projected to reach $155.5 billion by 2032

06-05-2024 01:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied market research

Diamond Market is is projected to reach $155.5 billion by 2032

According to a new report published by Allied Market Research, titled, "Diamond Market," The Diamond Market Size was valued at $100.4 billion in 2022, and is estimated to reach $155.5 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032. Diamonds are precious stones found under the earth's surface through a string of volcanic eruptions that developed 300-400 million years ago. Moreover, scientific, and technological advancements have established synthetic diamonds which innate the same chemical and physical properties as natural diamonds. Moreover, they carry properties such as high electrical resistivity, low thermal expansion coefficient, hardness, and high thermal conductivity along with others. These make it highly applicable for industrial usage. are highly utilized in the jewelry industry as they carry sparkling surfaces and high refractive index. They are used in the electronic industry in the manufacturing of semiconductors owing to their electronic properties.

The diamond market is analyzed on the basis of product type, application, distribution channel, and region. By product type, the market is bifurcated into natural and synthetic. Among these, the natural segment occupied the major share of the market in 2022 and is anticipated to maintain its dominance during the forecast period. Natural diamonds are formed when carbon atoms are put through uttermost high pressure and temperature in the earth's crust. They are found in the form of diamond stones and diamond bort. Natural diamonds are used for making jewellery such as rings, necklaces, earrings along with other ornamental products. They are also available in various colors such as pink, yellow, blue, purple, violet, red, green, gray, white, and black diamonds along with others.

Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/75048

By application, it is divided into jewelry and industrial. The jewelry segment holds the major Diamond Market Share in 2022, according to Diamond Market Analysis . The jewelry segment consists of diamond ornaments such as rings, earrings, necklaces along with others. Diamond jewelry is in high demand as it carries meaningful ethnic and religious implications. The evolution of fashion trends along with the adaptation of Western culture has accelerated the demand for diamond jewelry. With the growing interest of Gen Z along with the expansion of online sales channels, the sales of diamond jewelry have been accelerated. The technological advancement leading the evolution of styles of jewelry along with increasing space for customization and personalization by industry experts have expanded the scope of the market. Moreover, the delicate diamond pieces are a symbol of love, which is an attraction for women as it makes them feel distinguishable. Furthermore, the developing economic scenarios, lifestyles, and fashion of developing countries have increased the demand for diamond jewelry significantly.

By distribution channel, it is bifurcated into B2B and B2C. Among these, the B2C segment has occupied the major share of the market in 2022. The rise in affordability of the growing population along with purchasing parity has accelerated the growth of the B2C segment of the diamond market. The major purchases are associated with the bridal jewelry industry and luxury gifts industry which increases the Diamond Market Demand . Moreover, the presence of retail stores provides an in-person experience for the customers to make a smooth purchasing decision. However, the ongoing presence of traditional retailers on online platforms has increased the reach of the diamond market. Online stores are now associated with more technological advancements which provide realistic experience to consumers during purchase. With the growing foothold of online stores, the companies have expanded the reach of the market.

Grab the opportunity !!! LIMITED-TIME OFFER - Buy Now & Get Exclusive 15 % Discount on this Report https://www.alliedmarketresearch.com/checkout-final/2057ee5085233981347be4bfdcfc8057

The region that dominated the diamond market in 2022 was North America and its dominance is anticipated throughout the forecast period. The Diamond Market Growth is expanding in North America as a result of a number of factors such as rising popularity of synthetic diamonds for industrial purposes along with rising demand for new and innovative diamond jewelry pieces. The growing demand for diamond jewelry has resulted in an increased presence of manufacturers in this region. Being composed of developed nations, it holds the potential to have large numbers of high-net-worth individuals along with high purchasing power along with following of Diamond Market Trends. This region is highly involved in the development of the automotive and electronic industry and diamonds are a crucial part of these commercial uses. The need for high-value and elegant products, customization along with highly efficient cutting and drilling tools for industrial purposes are all trends in the diamond industry that have impacted the diamond market in North America.

The pandemic has disrupted global supply chains, causing shortages of some diamond products and delays in production and distribution. In addition, the pandemic has also led to a change in consumer behavior, with many people involved in budget cutting. The change in consumer behavior may have a negative impact on the diamond market.

The major players operating in the diamonds market are Leading Market Players: -
Petra Diamonds Limited,
RioTinto,
Lucara Diamonds,
ALROSA,
Anglo American,
Arctic Canadian Diamond Company (Dominion Diamond Mines),
Mountain Diamonds,
Gem Diamonds,
Stornoway diamonds,
Rosy Blue,
Lucapa Diamond Company,
Star Diamond Corp.,
Mittal Diamonds,
Henan Huanghe Whirlwind CO.,Ltd.
Tsodilo Resources Limited

Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/75048

Prime determinants of growth

The rising demand for luxury and high-value products is likely to propel the market for diamonds to significant growth in the upcoming years. The rising popularity of technologies like augmented reality which can provide in-person experience during digital purchases is providing a new source of revenue for the market. The increasing alertness of consumers towards the ethical credentials of the diamonds along with the sustainability consideration has led the players to ensure a reassurance process, shrinkage of finance in the diamond industry and harmful impact of diamond mining on the environment restrain the market growth to some extent. Nevertheless, rise in concern for sustainable environmental growth and

KEY FINDINGS OF STUDY
By product type, the natural segment was the highest revenue contributor to the market, with $67,918.1 million in 2022, and is estimated to reach $101,660.4 million by 2032, with a CAGR of 4.2%.
By application, jewelry was the highest revenue contributor to the market, with $84,281.8 million in 2022, and is estimated to reach $127,119.2 million by 2032, with a CAGR of 4.2%.
Depending on the distribution channel, the B2C segment was the highest revenue contributor to the market, with $72,570.8 million in 2022, and is estimated to reach $110,127.2 million by 2032, with a CAGR of 4.3%.
Region-wise, North America was the highest revenue contributor, accounting for $42,521 million in 2022, and is estimated to reach $62,549.8 million by 2032, with a CAGR of 4.0%.

TABLE OF CONTENT :-
Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW
Chapter 4 : DIAMOND MARKET, BY PRODUCT TYPE
Chapter 5 : DIAMOND MARKET, BY APPLICATION
Chapter 6 : DIAMOND MARKET, BY DISTRIBUTION CHANNEL
Chapter 7 : DIAMOND MARKET, BY REGION
Chapter 8 : COMPETITIVE LANDSCAPE
Chapter 9 : COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES

Frequently Asked Questions?
Q1. What is the total market value of the Diamond Market report?
Q2. Which is the base year calculated in the Diamond Market report?
Q3. What would be the forecast period in the Diamond Market report?
Q4. Which is the most influencing segment growing in the Diamond Market report?
Q5. Which are the top companies hold the market share in the Diamond Market?
Q6. Which market holds the maximum market share of the Diamond Market?
Q7. How the company profile has been selected?
Q8. What is the market value of the Diamond Market in 2022?

Request For Customization :- https://www.alliedmarketresearch.com/request-for-customization/A74564

AMR Upcoming Reports :-

:- Diamond Jewelry Market
:- Gemstones Market

Similar Reports We Have on Consumer Goods Industry:

Polycrystalline Diamond Market is projected to reach $1.6 billion by 2032
https://www.alliedmarketresearch.com/polycrystalline-diamond-market-A74612

Lab Grown Diamonds Market is projected to reach $55.6 billion by 2031
https://www.alliedmarketresearch.com/lab-grown-diamonds-market-A13694

Jewelry Pad Market Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/jewelry-pad-market-A13094

Africa Costume Jewelry Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/africa-costume-jewelry-market-A254924

Contact Us
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

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 Diamond Market is is projected to reach $155.5 billion by 2032 here

News-ID: 3527359 • Views:

More Releases from Allied market research

Bird feeder market, valued at $2.1 billion in 2031 ; Wild Bird Habitat Store, Wi …
According to a new report published by Allied Market Research, titled, "Bird Feeder Market," The bird feeder market size was valued at $1.1 billion in 2021, and is estimated to reach $2.1 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031. Specially designed containers that are used to feed wild and pet birds are generally referred to as bird feeders. Demand for bird feeders is anticipated
U.S. corporate event pro-AV services market is rapidly expanding and is expected …
According to a new report published by Allied Market Research, titled, "U.S. Corporate Event Pro-Av Services Market by Category, Platform Type, and Event Type: Country Opportunity Analysis and Industry Forecast, 2022-2031," The U.S. corporate event pro-av services market was valued at $2,169.3 million in 2021, and is projected to reach $4,879.7 million by 2031, registering a CAGR of 6.0% from 2022 to 2031 Pro AV offers complete services such as public
𝐔𝐊 𝐞𝐯𝐞𝐧𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨 …
𝐓𝐡𝐞 𝐔𝐊 𝐞𝐯𝐞𝐧𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟕𝟒.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟏𝟖, 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟏𝟑𝟗.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓.𝟎% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟐. Allied Market Research published a report, titled, "UK Events Industry by Type, Revenue Source, Organizer, and Age Group: Opportunity Analysis and Industry Forecast, 2023-2032". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market
Adventure Tourism Market Size to Surpass $1,947.5 Billion by 2032 ; Austin Adven …
Allied Market Research published a report, titled, "Adventure Tourism Market by Type (Hard, Soft, Others), by Activity (Land-based activity, Water-based Activity, Air-based Activity), by Types of Traveler (Solo, Friends/Group, Couple, Family), by Age Group (Below 30 years, 30-41 years, 42-49 years, 50 years and above), by Sales Channel (Travel Agents, Direct): Global Opportunity Analysis and Industry Forecast, 2023-2032."According to the report, The global adventure tourism market size was valued at

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 @