Press release
Diamond Market Analysis, Size, Share, Growth, Segment, Trends and Forecast to 2032
Diamond Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/diamond-market-102887
List of Key Players Mentioned in the Report:
โถ KGK Group (China)
โถ De Beers (Canada)
โถ Rio Tinto (U.K.)
โถ Arctic Canadian Diamond Company Ltd. (Canada)
โถ Petra Diamonds (South Africa)
โถ Alrosa (Canada)
โถ Argyle (Switzerland)
โถ WD Lab Grown Diamonds (U.S.)
โถ Gem Diamonds (U.K.)
โถ Sagar Diamonds (India)
COVID-19 Impacts:
Closure on Cutting and Polishing Centers Hindered Market Expansion Amid the Pandemic
The spread of COVID-19 worldwide prompted governments to impose stringent lockdowns. Diamond mines were shut down and production was limited which affected the global market negatively. Restrictions were imposed on cutting and polishing centres and jewel manufacturers had to face supply chain disturbances. The demand for diamonds decreased amid the pandemic as lockdowns were imposed and disposable incomes decreased which hindered market proliferation.
Segmentation:
Synthetic Segment to Capture Largest Share Due to Expansion of Construction Sector
As per type, the market is divided into natural and synthetic. Among these, the synthetic segment dominated the market owing to their cost-effectiveness and easy availability. The growth of the construction industry is also driving segment growth as synthetic stones are used in cutting and drilling tools. Moreover, it helps in decreasing production costs as maintenance costs of synthetic stones are low. Synthetic diamond consumption has increased in the jewellery sector as the trend for western weddings increased which is further propelling segment expansion.
Get a Quote- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/diamond-market-102887
Rough Segment Dominated the Market Owing to Their Low Price
Based on product, the market is split into rough and polished. Among these, the rough segment captured the largest share backed by their low cost and growing usage in drilling equipment and cutting tools. The utilization of rough diamonds in making optical lenses for cutting the lenses will also aid segment growth.
Jewellery Segment to Hold Major Share Backed by High Disposable Income
According to application, the market can be bifurcated into jewellery and industrial. The growth of the jewellery segment is attributed to the rise in disposable income. The growing number of fashion influencers has boosted the demand for branded jewellery from youngsters which will aid segment growth in the forthcoming years.
Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report provides crucial insights into growth trends impacting market dynamics and valuation. Moreover, the market is studied systematically by dividing it into regions and segments. Market share held, growth rate, and valuation of each segment and region is given in the document. Key players in the global market are also listed along with latest developments such as partners, collaborations, and mergers and acquisitions.
Drivers and Restraints:
Changing Consumer Preferences and Rising Demand for Innovative Jewellery Designs to Drive Market Growth
The demand for colourful and innovative jewellery has risen significantly as consumer preferences have changed. This has created several opportunities for manufacturers of synthetic diamonds and resellers to establish their presence in the global market. The growth of online platforms has also facilitated diamond market growth as the demand for jewellery products increased owing to the consumer preference to buy online.
On the other hand, the high cost of mining diamonds due to low production, fluctuating currency prices, and changing import-export policies will act as challenges for businesses operating in this domain.
Regional Insights:
North America to Lead Owing to Surging Product Application in Making Wedding Jewellery
North America captured the dominant diamond market share in 2022 owing to growing usage of product in making wedding jewellery and the high disposable income of the region. U.S. records more than half the global demand for the product. Additionally, the region has a high number of influencers which affects product demand positively as the demand for jewellery from the youth increases thus driving market growth.
Asia Pacific market is slated to grow significantly in the upcoming years due to the high population of China and India. China is the largest consumer of the product as western-style weddings are very popular there. Moreover, the popularity of western fashion, trends, and weddings is rising in Indonesia, Japan and others which will propel market expansion in this region.
Europe market is likely to display stellar growth trends in the forecast timeframe backed by consumer preference for expensive jewellery and high per capita income of populace. The presence of leading companies and change in lifestyle and consumer behaviour will also elevate market augmentation in the region.
Read More Information- https://www.fortunebusinessinsights.com/diamond-market-102887
Competitive Landscape:
Investments in Recovery of Unique Diamonds to Aid Market Proliferation
Leading players in the market make several strategic decisions to strengthen their market position such as product launches, improving manufacturing capacity, enhancing geographical reach etc. For instance, in September 2022, Arctic Canadian Diamond Company Ltd. announced that the company has recovered a fancy vivid yellow diamond which is the largest of its kind in Canada. The recovery of these types of the diamonds will ensure the highest revenue for the company.
Key Industry Development:
August 2022: The KGK Group inaugurated its new diamond manufacturing facility in Saurimo. This move will help the company to establish a strong customer base in Angola.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
Jewelry Market- https://www.fortunebusinessinsights.com/diamond-market-102887
Synthetic Diamonds Market- https://www.fortunebusinessinsights.com/synthetic-diamonds-market-104603
Mining Drill Bits Market- https://www.fortunebusinessinsights.com/mining-drill-bit-market-104969
Contact Us:
Fortune Business Insightsโข Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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 Analysis, Size, Share, Growth, Segment, Trends and Forecast to 2032 here
News-ID: 3665366 • Views: โฆ
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop โฆ
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected toโฆ
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion byโฆ
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow โฆ
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growthโฆ
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by โฆ
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollutionโฆ
More Releases for Diamond
Industrial Diamond Market Hits New High | Major Giants Sandvik, Zhongnan Diamond โฆ
HTF MI just released the Global Industrial Diamond Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
๐๐๐ฃ๐จ๐ซ Giants in Industrial Diamond Market are:
De Beers Group, Element Six,โฆ
Diamond Wire Rope Market 2023: Companies Revenue Analysis- Diamond WireTec, Asah โฆ
The Diamond Wire Rope market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status withโฆ
Synthetic Diamond Market Seeking Excellent Growth | New Diamond Technology, Appl โฆ
Advance Market Analytics published a new research publication on "Synthetic Diamond Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Synthetic Diamond market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy ofโฆ
Jewelry Diamond Market is Booming Worldwide | Zhongnan Diamond, Jinqu Chaoying D โฆ
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 withโฆ
Synthetic Diamond Market | Key Players - Include Element Six (E6), Applied Diamo โฆ
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 variousโฆ
Global Industrial Diamond Sales Market 2017 - Advanced Diamond Solutions, Applie โฆ
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 @โฆ
