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 Market Size 2024-2028

The diamond market size is forecast to increase by USD 42.72 billion, at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand for diamond jewelry, particularly for engagement and wedding rings. This trend is fueled by cultural traditions, societal norms, and the desire for luxury and self-expression. Additionally, the emergence of synthetic diamonds in various applications, such as industrial and consumer electronics, is expanding the market's scope and potential. However, the market faces challenges, including the presence of counterfeit products in the e-retailing space. This issue undermines consumer trust and poses a threat to market integrity.
Companies must prioritize authenticity and transparency to mitigate the risks and maintain a strong market position. To capitalize on opportunities and navigate challenges effectively, market participants should focus on innovation, quality, and ethical sourcing. By addressing these factors, they can differentiate themselves and build lasting customer relationships.

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

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic interplays between various sectors shaping its landscape. Diamond engagement rings remain a significant application, with GIA certification playing a crucial role in ensuring transparency and trust. Simultaneously, diamond auctions provide a platform for buying and selling polished and rough diamonds, influencing market prices. The 4Cs of diamonds - carat weight, color, clarity, and cut - remain the benchmark for evaluating diamond quality. However, the advent of technology has led to advancements such as irradiation treatment, polishing wheels, and blockchain technology, enhancing diamond certification and traceability. Irradiation treatment alters the diamond's color, while polishing wheels refine its shape.

Blockchain technology offers enhanced transparency and security, ensuring ethical sourcing and traceability. Retail markups vary, with luxury goods commanding premium prices. Meanwhile, the rough diamond sector undergoes continuous transformation, with mining, processing, and value assessment shaping its market dynamics. Rough diamonds are cut and polished to create stunning jewelry pieces, such as earrings, pendants, and bracelets. Investment-grade diamonds attract investors, with conflict-free diamonds gaining popularity due to ethical considerations. Synthetic diamonds, including lab-grown and cultured diamonds, challenge the traditional market, offering cost-effective alternatives. Diamond Mining equipment and processing technologies continue to advance, enabling efficient extraction and refinement. The market's continuous evolution reflects the interplay between technology, consumer preferences, and industry trends.

How is this Diamond Industry segmented?

The diamond industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Jewelry making
  Industrial applications


Type

  Natural
  Synthetic


Mining Method

  Open Pit
  Underground
  Alluvial
  Marine


Cut/Shape

  Round Brilliant
  Princess
  Cushion
  Emerald
  Oval
  Pear
  Marquise
  Asscher
  Radiant
  Heart


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)

By Application Insights

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

The market experiences significant growth due to the expanding middle class and their increasing disposable income. This economic shift enables consumers to invest in luxury goods, particularly diamond jewelry. The desire for personal accessories, coupled with evolving lifestyles and urbanization, fuels innovation among manufacturers, resulting in unique designs to attract customers. Key entities shaping this market include diamond mining equipment for extracting rough diamonds, cultured diamonds for ethical sourcing, and diamond certification bodies like GIA and IGI ensuring authenticity and quality. Polished diamonds are then cut and graded based on the 4Cs – carat weight, color, clarity, and cut – before being transformed into various jewelry pieces such as engagement rings, earrings, pendants, and bracelets.

Diamond auctions and wholesale platforms facilitate t

Global Diamond Market size was worth USD 97.45 billion in 2022 and is grow to around USD 138.53 billion by 2030 with a CAGR of 4.49%.

Global Diamond market size is expected to reach $3.35 billion by 2029 at 5.9%, segmented as by type, jewelry making, and industrial applications

This statistic presents selected figures about the diamond market worldwide in 2008 and 2018. In 2008, the global production of rough diamonds had a value of ** billion U.S. dollars, and it is estimated that it will be worth ** billion U.S. dollars in 2018.

The Synthetic Diamond Market Report Segments the Industry by Product Type (Polished and Rough), Manufacturing Process (High Pressure, High Temperature (HPHT) and Chemical Vapor Deposition (CVD)), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Lab-grown diamonds are gaining an increasing share of the global diamond market each year, with the market share expected to amount to over 21 percent in 2025. In 2023, lab-diamonds accounted for 14.3 percent of the worldwide diamond market. Lab-grown diamonds, also known as synthetic diamonds, have the same physical properties of natural diamonds because they are created in a lab using technology that replicates the natural diamond growing process.

Leverage actionable intelligence on USA Diamond Market size at USD 44 billion in 2023, showcasing industry trends and growth opportunities supported through key players insights.

The global Diamond market size is expected to reach USD 130.97 Billion in 2032 registering a CAGR of 3.0%. Discover the latest trends and analysis on the Diamond Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities, and more.

The global industrial diamond market size reached USD 3.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.8 Billion by 2033, exhibiting a growth rate (CAGR) of 3.7% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial diamond market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type and application.

The Diamond Market size was valued at USD 99.42 billion in 2023 and is projected to reach USD 123.95 billion by 2032, exhibiting a CAGR of 3.2 % during the forecasts period. The rise of the market can be attributed to several factors, including increased demand from luxury jewelry, industrial applications, and growing disposable income in emerging economies. The benefits of hybrid seeds, which offer higher yields, disease resistance, and adaptability to different climates, are further contributing to the industry's expansion. Additionally, rising food security concerns globally, government initiatives to enhance agricultural productivity, and technological advancements are driving the growth of the diamond market. Recent developments include: In July 2023, Burgundy Diamond Mines Limited, a diamond mining firm, completed the acquisition of Arctic Canadian Diamond Company (ACDC). ACDC owns Ekati mine in the Northwest Territories region of Canada. The move is expected to help Burgundy Diamond Mines in its strategy of vertical integration across the diamond value chain , In July 2023, De Beers Group entered into an agreement with the Botswana government to increase the number of rough stones provided to the African nation. The plan intends to enhance the capacity of the company’s facility and increase the number of rough stones by 50 percent over the next decade , In May 2023, Blackstone Inc., one of the world’s largest alternative assets managing company, announced the acquisition of the diamond grading firm ‘International Gemological Institute’ (IGI) for USD 535 million. The acquisition is a significant milestone concerning Blackstone’s expansion plans in India , In September 2022, RSL, a Canadian firm, announced that it had produced the country’s first lab-grown diamond gem at its manufacturing facility in Quebec, which is expected to give the company a headstart in the field of synthetic diamonds in the country .

Big Size Synthetic Diamond Market Outlook

The global market size for big size synthetic diamonds is expected to witness significant growth, from an estimated value of $2.5 billion in 2023 to $8.4 billion by 2032, at a robust Compound Annual Growth Rate (CAGR) of 14.5%. This growth is fueled by technological advancements and increased demand across various applications.

The growth of the big size synthetic diamond market is primarily driven by the rising demand in the electronics sector. Synthetic diamonds, particularly those produced through Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) methods, have exceptional thermal conductivity and electrical properties, making them invaluable in the production of high-performance semiconductors and power electronics. With the advent of 5G technology and the continuous miniaturization of electronic devices, the need for materials that can efficiently dissipate heat while maintaining electrical performance is more critical than ever.

Another significant growth factor is the increasing acceptance of synthetic diamonds in the jewelry industry. Traditionally, natural diamonds have dominated this market; however, the eco-friendly and ethical attributes of lab-grown diamonds are becoming increasingly appealing to consumers. As awareness grows about the environmental and social impacts of natural diamond mining, more consumers are opting for synthetic alternatives, which offer comparable quality at a fraction of the cost. This shift in consumer preference is expected to drive market growth substantially.

The industrial sector also presents substantial growth opportunities for the big size synthetic diamond market. Synthetic diamonds are widely used in cutting, grinding, drilling, and polishing applications due to their superior hardness and wear resistance. The construction, automotive, and aerospace industries, in particular, are major consumers of industrial-grade synthetic diamonds. As these industries continue to expand and innovate, the demand for high-performance materials like synthetic diamonds is anticipated to rise correspondingly.

Regionally, North America and Asia Pacific are expected to be the key markets for big size synthetic diamonds. North America, with its advanced technological infrastructure and high adoption rate of new materials, is likely to see substantial growth. Meanwhile, Asia Pacific, driven by rapid industrialization and a burgeoning electronics industry, will also be a significant contributor to market expansion. The region is home to some of the fastest-growing economies, such as China and India, which are investing heavily in high-tech industries and infrastructure development, further boosting market growth.

Product Type Analysis

The big size synthetic diamond market is divided into two main product types: HPHT (High Pressure High Temperature) Diamonds and CVD (Chemical Vapor Deposition) Diamonds. HPHT diamonds have been traditionally used due to their ability to produce gem-quality diamonds that are virtually indistinguishable from natural diamonds. The process involves mimicking the natural high-pressure, high-temperature conditions found deep within the Earth's mantle to produce synthetic diamonds. HPHT diamonds are particularly popular in industrial applications due to their exceptional hardness and durability, making them ideal for cutting and grinding tools.

On the other hand, CVD diamonds are gaining significant traction due to their versatility and the ability to precisely control the production process. CVD diamonds are synthesized by decomposing carbon-containing gases at low pressures, which allows for the production of high-purity and high-quality diamonds suitable for both industrial and gem applications. The growing demand for high-performance semiconductors and advanced technological applications in electronics is driving the adoption of CVD diamonds. Moreover, CVD diamonds are often preferred in the jewelry industry for their clarity and color consistency.

The advancements in CVD technology have also led to the development of large-size diamonds, which are increasingly being used in high-tech industries. The ability to produce large, high-quality synthetic diamonds at a relatively lower cost compared to natural diamonds is a significant advantage that is expected to drive market growth. Additionally, ongoing research and development efforts are focused on enhancing the quality and reducing the production cost of both HPHT and CVD diamonds, which will further bolster market expansion.

The synthetic diamond market for jewelry is projected to reach $21,779.8 million by 2030 from $12,006.0 million in 2022, growing at a CAGR of 7.62 % during 2023-2030.

The global diamond market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, a logical estimation based on industry reports and trends suggests a significant market value. Assuming a conservative market size of $30 billion in 2025, a projected CAGR of 5-7% (a typical range for this market) over the forecast period (2025-2033) indicates substantial growth potential. Key drivers include the enduring popularity of diamond jewelry, a growing electronics industry necessitating high-quality diamond substrates, and increasing use in industrial applications like construction and mining. Emerging applications in healthcare, such as diamond-based medical instruments, further contribute to market expansion. However, challenges remain. Fluctuations in raw material prices, ethical sourcing concerns, and the potential impact of lab-grown diamonds on natural diamond sales pose restraints to the market's trajectory. Segmentation analysis reveals a dominance of the jewelry sector, though the industrial and electronics sectors are witnessing accelerated growth. Major players like Rockwell Diamonds, Anglo American, and others are strategically positioning themselves to capitalize on this expanding market. Geographical analysis indicates strong demand from North America and Asia-Pacific regions, with developing economies exhibiting considerable potential. The market's future growth will hinge on innovation, sustainable sourcing practices, and the ability to meet the evolving needs of diverse applications. Strategic partnerships and technological advancements in diamond production and processing are crucial for sustaining the market's momentum. The market is expected to benefit significantly from the growing luxury goods sector, particularly in emerging markets, while the industrial sector’s demand is projected to increase due to ongoing infrastructure developments and technological innovation. Lab-grown diamond technology presents both a challenge and an opportunity; market participants must adapt to this changing landscape by focusing on the unique properties and value proposition of natural diamonds. This in-depth report provides a comprehensive analysis of the global diamond market, projected to reach a value exceeding $30 billion by 2028. It delves into market dynamics, competitive landscapes, and future growth prospects, utilizing robust data and insightful analysis to empower informed decision-making. This report is essential for investors, industry professionals, and anyone seeking to understand the intricacies of this lucrative market. Keywords: Diamond Market, Natural Diamonds, Synthetic Diamonds, Diamond Jewellery, Diamond Mining, Diamond Investment, Diamond Industry, Gemstones, Luxury Goods.

The global diamond market, valued at approximately $30 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the enduring popularity of diamonds in jewelry, particularly within emerging markets with a growing middle class, fuels significant demand. Secondly, the increasing application of synthetic diamonds in industrial sectors like machining and cutting tools, electronic materials, and ceramic manufacturing contributes significantly to market growth. Technological advancements in synthetic diamond production are further enhancing efficiency and reducing costs, expanding their market penetration. While the natural diamond market remains substantial, the synthetic segment is experiencing faster growth due to its cost-effectiveness and ethical sourcing benefits. However, the market faces certain restraints, including fluctuating gemstone prices influenced by global economic conditions and concerns surrounding ethical sourcing of natural diamonds. Market segmentation reveals that jewelry remains the largest application segment, closely followed by industrial applications with significant growth potential. Leading companies like De Beers, Element Six, and several prominent Asian producers are shaping market dynamics through innovation, strategic partnerships, and focused expansion into new markets. The regional landscape indicates a strong presence across North America, Europe, and Asia Pacific, with China and India as key growth markets. North America benefits from a robust luxury goods market and established diamond jewelry tradition. Europe maintains a significant market share with strong consumer demand and diverse applications. Asia-Pacific exhibits the highest growth potential due to rapid economic expansion and rising disposable incomes. While South America and the Middle East & Africa show promising growth, they represent smaller market shares compared to the other regions. The forecast period of 2025-2033 projects considerable expansion fueled by the increasing adoption of both natural and synthetic diamonds across diverse applications, solidifying the diamond market as a lucrative and dynamic sector. This report provides a detailed analysis of the global diamonds market, projected to be worth over $30 billion by 2028. It explores the diverse facets of this lucrative industry, from the extraction and production of natural diamonds to the burgeoning synthetic diamond sector and its innovative applications across various sectors. The report leverages extensive market research and industry expertise to deliver actionable insights for investors, businesses, and stakeholders. Keywords: Diamond market size, diamond mining, synthetic diamonds, diamond jewelry, diamond investment, diamond industry trends, diamond applications.

Industrial Diamond Market is segmented By Product Type (Synthetic and Natural), and End-use Industry (Mining, Oil & Gas, Construction, Chemical, Electronics, and Others)

The global market size of Jewelry Diamond is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Jewelry Diamond Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Jewelry Diamond industry. The key insights of the report:
1.The report provides key statistics on the market status of the Jewelry Diamond manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Jewelry Diamond industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Jewelry Diamond Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Jewelry Diamond as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Jewelry Diamond market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

According to MarkNtel Advisors, the North America Lab Grown Diamonds Market is projected to growing at a considerable CAGR during 2024-30. The market is driven principally by the consistent technological advancements in lab-grown diamonds & their lower selling price than the natural ones.

Lab-Grown Diamond Market Outlook

According to our latest research, the global lab-grown diamond market size reached USD 22.1 billion in 2024, reflecting robust growth driven by technological advancements and shifting consumer preferences. The market is projected to expand at a CAGR of 8.7% during the forecast period, culminating in a value of approximately USD 46.2 billion by 2033. This impressive trajectory is primarily fueled by increasing demand from the jewelry sector, heightened awareness regarding ethical sourcing, and significant cost advantages over mined diamonds.

One of the primary growth factors for the lab-grown diamond market is the rising consumer demand for ethically sourced and environmentally friendly gemstones. Traditional diamond mining has long been associated with ecological degradation and human rights concerns, prompting a shift toward sustainable alternatives. Lab-grown diamonds, produced through Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) methods, offer virtually identical physical and chemical properties to natural diamonds while minimizing environmental harm and eliminating the risk of conflict diamonds. This ethical appeal resonates strongly with millennials and Gen Z consumers, who are increasingly prioritizing sustainability in their purchasing decisions, thereby driving market expansion.

Technological advancements in diamond synthesis are also playing a pivotal role in market growth. Innovations in CVD and HPHT technologies have significantly improved the quality, size, and affordability of lab-grown diamonds, making them more accessible to a broader consumer base. Enhanced production efficiencies and reduced manufacturing costs have enabled manufacturers to offer lab-grown diamonds at prices up to 40% lower than their natural counterparts. As a result, both jewelry and industrial applications are witnessing heightened adoption rates, with manufacturers continuously investing in R&D to further optimize production processes and product quality.

Furthermore, the expanding application spectrum of lab-grown diamonds beyond jewelry is contributing to market growth. In the industrial sector, lab-grown diamonds are increasingly utilized in electronics, cutting tools, heat sinks, and research applications due to their superior hardness, thermal conductivity, and optical properties. The electronics industry, in particular, is leveraging these materials for advanced semiconductor devices and quantum computing components. This diversification of end-use industries not only bolsters overall demand but also insulates the market against volatility in any single segment, ensuring sustained growth throughout the forecast period.

Regionally, Asia Pacific dominates the lab-grown diamond market, accounting for the largest share in 2024, followed by North America and Europe. The region’s leadership is underpinned by the presence of major manufacturing hubs in China and India, coupled with burgeoning demand from the local jewelry industries. North America, driven by robust consumer awareness and a strong retail infrastructure, is witnessing rapid adoption, particularly in the United States. Meanwhile, Europe is emerging as a key market, propelled by stringent ethical standards and growing acceptance of lab-grown gemstones. This regional diversity underscores the global appeal and adaptability of lab-grown diamonds across different cultural and economic landscapes.

Product Type Analysis

The lab-grown diamond market is segmented by product type into Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) diamonds. The CVD segment has gained significant traction in recent years, owing to its ability to produce high-quality diamonds with fewer inclusions and superior color consistency. CVD technology enables the growth of diamonds layer by layer in a controlled environment, resulting in stones that are virtually indistinguishable from their natural counterparts. This method is particularly favored for applications requi

In 2023, the Lab Grown Diamonds Market is valued at USD 18.91 billion, projected to reach USD 34.06 billion by 2030, driven by rising consumer awareness.