Press release
Global Diamond Market: Soaring Demand and Growth Fueled by Affluence, Middle-Class Growth, and Innovations
Diamond Market
An Insight into the Size and Projected Growth Rates of the Global Diamond Market
The diamond market has experienced impressive growth in recent years:
• It surged from $2.52 billion in 2024 to $2.66 billion in 2025, with a CAGR of 5.6%.
• Significant growth is anticipated in the future, reaching $3.35 billion in 2029 at a CAGR of 5.9%.
This growth, both historical and forecast, is primarily attributed to a combination of factors such as the jewelry industry, a symbol of luxury and status, industrial applications, investment, store of value, and cultural significance.
What is Fueling the Diamond Market's Growth?
The market is seeing substantial growth due to the increasing population and rising disposable income in developing countries like China and India. This increase in disposable income, the money an individual or household has left to spend or save after income taxes have been deducted, is particularly noticeable in the realm of marine mining. To illustrate, Diamondrensu, an India-based company expert in creating and selling diamond-related products, reported that total global diamond investments increased to $18,000,000 in 2023 from $15,200,000 in 2022. This significant upsurge in investment prominently drives the growth of the diamond market.
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Who Are the Key Players in the Diamond Market?
• Sumitomo Electric Industries Ltd.
• Anglo American plc
• 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
• 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.
• SedKrist GmbH
What are the Main Trends in the Diamond Market?
• 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.
What are the Segments of the Global Diamond Market?
• By Type: Jewelry Making, Industrial Applications
• By Mining Type: Underground Mining, Surface Mining
Which Region Dominate the Diamond Market?
Africa led the diamond market in 2024, making it the largest region. Other regions included in the diamond market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East.
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What is covered in The Diamond Market Global Market Report?
- Market Size Analysis: Analyze the Diamond Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Diamond Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Diamond Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities, and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Diamond Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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