The global diamond jewelry market was valued at USD 389.5 billion in 2025 and is projected to reach USD 605.7 billion by 2035, expanding at a CAGR of 4.8%.

Country-Wise Outlook

In 2022, the total value of the diamond jewelry market worldwide amounted to **** billion (nominal) U.S. dollars. That represented a slight decrease of *** billion U.S. dollars from the previous year, as the global diamond industry recovered from the results of the COVID-19 pandemic. The diamond jewelry industry: a market leader Diamonds are a rare and naturally occurring mineral that are comprised of carbon. Diamonds are the hardest known substance and are also chemically resistant. They have the highest thermal conductivity of any natural material. Diamonds also have special properties that make it the world’s most popular gemstone. These properties include a high index of refraction, high dispersion, and high luster. Russia had the largest diamond reserves of any country in the world in 2021. However, the United States had by far the largest market for diamond jewelry, which was worth several times more than that of second-placed China. De Beers: a company is forever? De Beers, headquartered in London, is one of the world’s largest and most successful diamond mining companies. Founded in 1888 by Cecil Rhodes, it has had a dominant presence in the global diamond industry ever since. Until the beginning of the 21st century, it had a monopoly on the diamond market. The revenue of De beers has been fluctuating since 2011, and in 2020 revenue rose to *** billion U.S. dollars. In the 20th century, De Beers embarked on a strategy to convince consumers that diamonds are the best way to effectively prove your love and commitment to a romantic partner. This spearheaded the diamond engagement ring trend. They created the famous slogan, “A Diamond is Forever".

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Diamond Jewelry Market Size 2025-2029

The diamond jewelry market size is forecast to increase by USD 18.77 billion, at a CAGR of 3.2% between 2024 and 2029.

The market is driven by innovation in design and manufacturing technology, which continues to shape consumer preferences and expectations. This technological advancement enables the creation of unique and intricate pieces, catering to diverse customer demands. Furthermore, the increasing adoption of omnichannel strategies by jewelry retailers is transforming the market landscape. By integrating online and offline channels, businesses can reach a wider audience and provide a seamless shopping experience. However, the market faces challenges as well. The presence of counterfeit products in the e-retailing space poses a significant threat to market integrity and consumer trust. Companies must invest in robust authentication technologies and collaborate with e-commerce platforms to mitigate this issue.
In summary, the market is characterized by innovation and omnichannel strategies, while the challenge of combating counterfeit products requires continuous attention and investment. Companies that effectively navigate these dynamics and maintain a strong focus on consumer experience will be well-positioned for growth.

What will be the Size of the Diamond Jewelry Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic shifts influencing various sectors. Statement jewelry, once a niche category, has gained prominence, offering consumers unique and eye-catching pieces. Simultaneously, jewelry insurance has emerged as a crucial component, safeguarding investments in fine jewelry. Edwardian jewelry, with its intricate designs and timeless elegance, remains a popular choice for collectors and enthusiasts. Meanwhile, costume jewelry, known for its affordability and versatility, caters to a broader audience. Jewelry manufacturers innovate, integrating lab-grown diamonds into their offerings, providing sustainable alternatives to traditional mining methods. Sustainable jewelry, with its ethical sourcing and eco-friendly practices, is another growing segment.

Bridal jewelry, a significant market, showcases diverse styles, from classic solitaires to intricate halo settings, pavé and bezel settings, and more. Luxury jewelry, synonymous with craftsmanship and exclusivity, continues to captivate consumers. Jewelry authentication, a critical service, ensures the authenticity and value of precious pieces. Online jewelry retailers offer convenience, while retail jewelry stores provide a tactile shopping experience. Jewelry design trends shift, with minimalist jewelry gaining popularity, while antique and vintage pieces maintain their allure. Custom jewelry, with its personalized touch, adds to the market's diversity. Jewelry care, appraisal, repair, and cleaning services ensure the longevity of jewelry investments.

Precious metals, diamonds, and other materials undergo rigorous grading and certification processes, ensuring quality and transparency. The market, with its continuous unfolding, offers a rich tapestry of evolving patterns and applications. From engagement rings and wedding bands to fashion-forward pieces, the market's dynamism reflects the enduring appeal of jewelry.

How is this Diamond Jewelry Industry segmented?

The diamond jewelry industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product Type

  Rings
  Necklaces
  Earrings
  Bangles
  Pendants


Distribution Channel

  Specialty stores
  Department stores
  Discounters
  Online retailers
  Others


Type

  Natural
  Lab-grown


End-User

  Women
  Men
  Unisex


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

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By Product Type Insights

The rings segment is estimated to witness significant growth during the forecast period.

The market encompasses various segments, including rings, earrings, pendants, and bracelets. Among these, the rings segment holds the largest market share, with numerous companies catering to the demand for engagement, wedding, and fashion rings. Brands like Harry Winston, Tanishq, and Malabar Gold and Diamonds offer an extensive range of diamond rings in different designs and patterns. The luxury segment is witnessing significant growth as companies target high-end customers with premium offerings. Fo

According to Cognitive Market Research, the global diamond jewellery market size was USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

The global diamond jewellery market will expand significantly by XX% CAGR between 2024 to 2031.
North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The Round Brilliant Cut Diamond segment is set to rise due to its symmetry, structure, and light-dancing reflections. This makes it an ideal option for engagement rings.
The diamond jewellery market is driven by increased disposable income, rising demand for diamond jewellery especially during special occasions, technological advancements, growing jewellery industry demand owing to its attributes, and gender-fluid jewellery trends. 
1 CT segment held the highest diamond jewellery market revenue share in 2023.

Current Scenario of the Diamond Jewellery Market:

Key drivers of the Diamond Jewellery Market

Increased Disposable Income will generate greater demand for diamond jewellery-

The market for jewellery is expanding due to rising disposable income and purchasing power of consumers. The desire for luxuries like decorations is being driven by the rapid development of the global economy, which is increasing people's disposable income and purchasing power. The population's high level of disposable income and purchasing power is fueling the expansion of the global economy and driving up demand for luxuries like diamond jewellery. The market for diamond jewellery has expanded as a result of rising levels of urbanisation and disposable income in emerging economies. The market for diamond jewellery has been further stimulated by the desire for luxury and the power of celebrity endorsements. In April 2024, Cartier had introduced a news special known as “TRINITY CAMPAIGN: WHO WEARS WHAT?”. It features several jewellery pieces accessorised by various celebrities. Source-http://https://www.cartier.com/en-in/news.html#/stories/news/2404-str-news-trinity-campaign

Thus, the demand for diamond jewellery is expected to be driven during the forecast period by the middle class's rapid expansion as well as shifting consumer tastes regarding jewellery.

Rising demand for diamond jewellery especially during Special Occasions will fuel market growth-

It is anticipated that various global conventions surrounding the adoption of jewellery would greatly increase demand for the product. The younger generation, who are fashion conscious, is constantly looking for diversified product choices and is spending more money on branded jewellery and accessories. Diamond rings are a popular choice for engagement and wedding rings in industrialised nations like the United States and the United Kingdom. Prominent companies in the worldwide diamond market provide an extensive assortment of diamond jewellery meant for important events including birthdays, wedding anniversaries, and Valentine's Day. Market players also indulge in expansion strategies such as the launch of special valentine collections. For instance, Pandora has launched a special valentine collection featuring a variety of valentine themed diamond jewellery pieces. Source- https://us.pandora.net/en/gifts/occasions/valentines-day/

In addition, contemporary buyers love giving diamond jewellery as a thoughtful present to their close ones. In wealthy nations, giving diamond jewellery is a common way to commemorate milestones in academic accomplishment, mother's day, promotions, and other family occasio...

In 2022, the value of the United States' diamond jewelry market was almost ** billion U.S. dollars. The U.S. was by far the world's largest diamond jewelry market based on value at that time, with China in a distant second place at less than **** billion U.S. dollars.

According to Cognitive Market Research, the global diamonds and diamond jewelry market size is USD 179841.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 71936.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 53952.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 41363.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 8992.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3596.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The women diamonds and diamond jewelry held the highest diamonds and diamond jewelry market revenue share in 2024.

Market Dynamics of Diamonds and Diamond Jewelry Market

Key Drivers of Diamonds and Diamond Jewelry Market

Growing Trends & Preferences of Consumers to Increase the Demand Globally

A major factor is the evolution of consumer trends and tastes. Demand in the diamonds and diamond jewelry market, for instance, may be impacted by preferences for particular diamond settings, forms, and styles. In order to be competitive, jewelers must adjust to evolving fashion trends. The market's vibrancy is influenced by advancements in jewelry design and diamond cutting. Technologies that are novel and creatively designed can draw in customers who are looking for something very special. Significant life events like engagements and marriages are frequently linked to diamonds. Particularly in wedding and celebration settings, cultural customs and societal conventions support the diamond jewelry's enduring appeal. The diamonds and diamond jewelry market share is expected to be driven by these factors.

Growing Use of Diamonds Grown in Labs to Propel Market Growth

Lab-grown diamonds are becoming more and more well-liked. Although these diamonds are thought to be a more sustainable choice and are frequently less expensive than mined diamonds, they are chemically and physically similar to mined diamonds. Customers are looking for one-of-a-kind, custom diamond jewelry. People can show their individuality with customization options including personalized phrases and distinctive designs. Designs with an old feel and vintage inspiration are becoming more and more fashionable. Customers are drawn to the distinctive designs and classic elegance of antique items from various eras. Innovative and unorthodox designs are being experimented with by jewelry designers. This involves the inventive use of metals and jewels, as well as asymmetrical patterns and geometric shapes. It is projected that the market share of diamonds and diamond jewelry will increase as a result of these most recent advances.

Restraint Factors Of Diamonds and Diamond Jewelry Market

Change in Lifestyle Selections to Limit the Sales

A shift in consumer preferences could affect the market for high-end luxury goods like diamond jewelry. Examples of such shifts include a preference for experiences over material belongings and minimalism. Luxury products such as designer accessories, expensive watches, and experiences are competitors for the diamond jewelry sector. Spending discretionary funds on a range of upscale goods is up to the consumer. Conventional diamond jewelry merchants may face difficulties due to the quick shifts in consumer preferences and fashion. Flexibility in design and marketing tactics is necessary to adjust to changing tastes and fashions. The market expansion for diamonds and diamond jewelry is expected to be hampered by the factors.

Impact of Covid-19 on the Diamonds and Diamond Jewelry Market

The diamonds and diamond jewelry market has suffered as a result of COVID-19, and this will reduce income generation in the fiscal year 2021. The diamonds and diamond jewelry businesses are requesting assistance from the government to pay their employees' wages because they a...

Diamond Jewelry Market Outlook

The global diamond jewelry market size was valued at $79 billion in 2023 and is projected to reach $112 billion by 2032, registering a CAGR of 3.9% during the forecast period. The market growth is primarily driven by evolving consumer preferences, increasing disposable incomes, and the rising influence of social media and e-commerce platforms. The growing middle-class population in emerging economies, coupled with the increasing popularity of diamond jewelry as a symbol of status and luxury, is significantly contributing to the market expansion.

One of the primary growth factors for the diamond jewelry market is the increasing disposable income of consumers, particularly in developing regions. As the financial stability of the middle class improves, so does their spending on luxury items, including diamond jewelry. Additionally, the cultural significance of diamonds in engagement and wedding ceremonies continues to uphold their demand. Emerging economies, such as India and China, are witnessing a surge in demand for diamond jewelry due to the expanding middle class and their growing purchasing power. Moreover, the rising number of dual-income households is further propelling market growth.

The influence of social media and the internet has also played a pivotal role in shaping consumer behavior and preferences in the diamond jewelry market. The proliferation of online platforms has made diamond jewelry more accessible to a broader audience. Social media influencers and celebrities often showcase diamond jewelry, driving consumer aspiration and demand. E-commerce platforms offer a convenient shopping experience, with numerous options for customization and competitive pricing, thereby attracting tech-savvy consumers. This shift towards online shopping is expected to continue, further boosting market growth in the coming years.

Technological advancements in diamond cutting and jewelry design have also fueled market growth. Innovations such as computer-aided design (CAD) and 3D printing are enabling jewelers to create intricate and customized designs that cater to individual consumer preferences. These technologies not only enhance the aesthetic appeal of diamond jewelry but also improve the efficiency and accuracy of the manufacturing process. As a result, jewelers can offer a wider range of products at different price points, making diamond jewelry more accessible to various consumer segments.

The allure of Gold & Diamond Jewellery continues to captivate consumers worldwide, with its timeless appeal and enduring value. Gold, often seen as a symbol of wealth and prosperity, complements the brilliance of diamonds, creating pieces that are both luxurious and meaningful. The combination of gold and diamonds in jewelry design offers versatility, allowing for a range of styles from classic to contemporary. This blend not only enhances the aesthetic appeal but also adds intrinsic value, making Gold & Diamond Jewellery a preferred choice for special occasions and as an investment. As consumers increasingly seek unique and personalized pieces, the demand for bespoke Gold & Diamond Jewellery is on the rise, further driving market growth.

From a regional perspective, Asia Pacific is expected to dominate the diamond jewelry market, owing to the significant demand from countries like India and China. The North American market is also anticipated to witness substantial growth, driven by the high disposable incomes and the well-established jewelry industry in the United States and Canada. Europe remains a key market for diamond jewelry, with countries like the UK, France, and Italy showing consistent demand due to their strong cultural affinity for high-quality jewelry. The markets in Latin America and the Middle East & Africa are also poised for growth, albeit at a more moderate pace compared to other regions.

Product Type Analysis

The diamond jewelry market by product type includes rings, necklaces, earrings, bracelets, and others. Rings, particularly engagement and wedding rings, constitute a significant share of the diamond jewelry market. The tradition of proposing with a diamond ring has been deeply ingrained in many cultures, and this practice continues to drive demand. Jewelers are increasingly offering customization options, allowing customers to choose the diamond cut, setting, and band material, which adds to the appeal of diamond rings. Additionally, the trend of stacking rings and wearing multiple ring

The diamond jewelry market is a thriving industry that continues to experience significant growth. Diamonds hold a timeless appeal and are often synonymous with luxury, making them a highly sought-after commodity. In recent years, the market has expanded globally, with increasing demand from both developed and emerging economies. Find out more about the factors contributing to its growth, the impact of fashion trends and online retailing, geographical distribution, ethical sourcing, and the challenges it fa

Europe Diamonds and Diamond Jewelry Market will be USD 53952.36 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

Diamond Jewelry Market is expected to develop at an annualized growth rate (CAGR) of 5.0% to reach USD 568.8 Billion by 2032.

The Saudi Arabia Gold and Diamond Jewelry market was valued at USD 4.56 Billion in 2024 and is expected to grow to USD 8.34 Billion by 2030 with a CAGR of 10.59%.

In 2022, the United States' diamond jewelry market had a value of nearly 48 billion U.S. dollars. The United States has the highest diamond jewelry market value in the world.

Explore the growth potential of Market Research Intellect's Luxury Diamond Jewelry Market Report, valued at USD 92.92 billion in 2024, with a forecasted market size of USD 128.68 billion by 2033, growing at a CAGR of 4.45% from 2026 to 2033.

Luxury Diamond Jewelry Market size was valued at USD 18.23 Billion in 2024 and is projected to reach USD 30.48 Billion by 2032, growing at a CAGR of 7.38% during the forecast period 2026-2032.

Global Luxury Diamond Jewelry Market Drivers

The market drivers for the Luxury Diamond Jewelry Market can be influenced by various factors. These may include:

Economic Growth: The demand for luxury products, such as diamond jewelry, is driven by economic growth, especially in growing nations like China, India, and Brazil. Customers are more likely to spend money on luxuries when their disposable incomes increase Consumer Preferences and Lifestyle: The buying of luxury diamond jewelry is becoming more and more popular due to shifting consumer choices and lifestyles, especially among affluent people. The market for these products is mostly driven by cultural influences, fashion choices, and social trends. Aspirational Value and Status Symbol: Exquisite diamond jewelry represents a person's social and economic standing and acts as a status symbol. The industry is growing because aspirational customers, particularly in emerging nations, want to buy luxury products.

Lab Grown Diamond Jewelry Market Outlook

The global lab grown diamond jewelry market size was valued at approximately USD 8 billion in 2023 and is projected to reach around USD 24 billion by 2032, growing at a compound annual growth rate (CAGR) of 13.5% during the forecast period. The primary growth factors driving this market include increasing consumer awareness about the ethical and environmental benefits associated with lab grown diamonds, coupled with technological advancements in diamond synthesis methods that ensure higher quality and lower production costs.

One of the significant growth drivers for the lab grown diamond jewelry market is the rising consumer preference for sustainable and ethical products. The awareness regarding the environmental impact and ethical concerns related to mined diamonds has led to a notable shift in consumer behavior. Lab grown diamonds, which are perceived as eco-friendly and conflict-free alternatives, have gained substantial popularity, especially among the younger generation who prioritize sustainability in their purchasing decisions. This shift is further bolstered by various awareness campaigns and certifications that highlight the benefits of lab grown diamonds.

Technological advancements in the production of lab grown diamonds have significantly contributed to the marketÂ’s growth. Innovations in Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) methods have enabled manufacturers to produce high-quality diamonds that are virtually indistinguishable from natural diamonds. These advancements have not only improved the quality of lab grown diamonds but have also reduced production costs, making them more competitive in terms of price. As a result, lab grown diamonds are becoming increasingly accessible to a broader consumer base, thereby driving market growth.

The competitive pricing of lab grown diamonds compared to natural diamonds is another key factor propelling market growth. Lab grown diamonds are typically priced 20-40% lower than their mined counterparts, making them an attractive option for price-sensitive consumers. This pricing advantage is particularly significant in the bridal jewelry segment, where consumers are often looking for high-quality, affordable options. The cost-effectiveness of lab grown diamonds is expected to continue driving their adoption in various segments of the jewelry market.

Lab Grown Gemstones have revolutionized the jewelry industry by offering a sustainable and ethical alternative to traditional gemstones. These gemstones are created in controlled environments using advanced technological processes that mimic the natural formation of gems. As a result, they possess the same physical and chemical properties as their natural counterparts, making them indistinguishable to the naked eye. The appeal of lab grown gemstones lies in their ability to provide consumers with high-quality, affordable options without the environmental and ethical concerns associated with mining. This innovation is particularly appealing to environmentally conscious consumers who are increasingly seeking sustainable luxury products. The growing popularity of lab grown gemstones is expected to drive further growth in the jewelry market, as more consumers become aware of their benefits.

Regionally, North America holds a significant share of the lab grown diamond jewelry market, driven by high consumer awareness and demand for ethical products. Europe is also witnessing substantial growth, supported by stringent regulations and a strong focus on sustainability. The Asia Pacific region is emerging as a lucrative market due to the growing middle-class population and increasing disposable income, which are boosting the demand for luxury goods, including lab grown diamond jewelry. Latin America and the Middle East & Africa regions are also expected to contribute to market growth, albeit at a slower rate, due to gradually increasing consumer awareness and adoption of lab grown diamonds.

Product Type Analysis

The lab grown diamond jewelry market is segmented by product type into rings, necklaces, earrings, bracelets, and others. Rings, being the most popular jewelry item, hold a substantial share in the market. The demand for lab grown diamond rings is particularly high in the bridal segment, where couples are increasingly opting for ethical and cost-effective alternatives to traditional mined diamond rings. The versatility and timeless appeal of rings make them a preferred ch

Dive deep into the dynamics of KSA Gold and Diamond Jewelry Market, size at USD 5 billion in 2023 showcasing industry trends and challenges

diamond jewelry market size was worth around USD 90.29 billion in 2023 and is grow to around USD 136.52 billion by 2032 (CAGR) of roughly 4.70% between 2024 and 2032

Asia Pacific Diamonds and Diamond Jewelry Market will be USD 41363.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

The global lab-grown diamond jewelry market held a market value of roughly USD 28.41 billion in the year 2025 and is expected to grow at a CAGR of approximately 6.24% during the forecast period from 2025 to 2033. Key factors such as growing environmental awareness and acceptance of lab-grown diamonds as genuine and sustainable alternatives to natural diamonds are driving the growth of the market. Technological advancements and increased consumer preference for ethical and affordable luxury jewelry are also contributing to the expansion of the lab-grown diamond jewelry market. The market is segmented into various categories, including metal type (gold, silver, platinum, other metals), jewelry type (rings, necklaces, earrings, bracelets, others), diamond cut (round, princess, cushion, emerald, other cuts), carat weight (less than 0.5 carat, 0.5 to 1 carat, 1 to 2 carats, 2 carats and above), and regional markets. North America and Europe are major markets for lab-grown diamond jewelry, while Asia-Pacific is expected to witness significant growth due to the rising disposable income and growing awareness about lab-grown diamonds. The global lab grown diamond jewelry market is estimated to be valued at USD 100 billion in 2023 and is projected to reach USD 350 billion by 2030, growing at a CAGR of 18% over the forecast period. Recent developments include: . Key drivers for this market are: Sustainable and ethical sourcing Growing consumer preference for lab grown diamonds Technological advancements in diamond creation Expanding ecommerce platforms Growing demand from emerging markets. Potential restraints include: Increasing consumer awareness Technological advancements Growing demand for sustainable jewelry Rising popularity of online jewelry retailers Favorable government initiatives.