In 1960, the average price for such a diamond stood at some 2,700 U.S. dollars. Since then, the diamond price has increased more than tenfold, to 29,650 U.S. dollars in 2015.

Diamond prices: carats to dollars

Diamonds are a carbon-based gemstone coveted by innumerable people worldwide. They are among the hardest materials on Earth (if not the hardest), which makes them very valuable for industrial uses in addition to their wide use in luxury jewelry. Diamonds are also expensive. The cut, clarity, color, and carat (weight and size) are the so-called four 'Cs' that dictate a diamond's price. One carat is equal to a weight of approximately 200 milligrams, and cost approximately 29,650 U.S. dollars in 2015. Diamond prices per carat show a consistent increasing trend, while the annual rough diamond production worldwide has sat between 128 million carats and 152 million carats between 2009 and 2019.

Impact of the diamond demand-supply gap on prices

As the known global diamond reserves continue to be mined and depleted while the global demand for diamonds increases, a diamond demand-supply gap is expected to develop in the coming years. By 2050, there is a forecasted supply shortfall of some 278 million carats of diamonds worldwide. This will likely cause the price per carat to continue increasing for natural diamonds. The production of synthetic diamonds, also referred to as lab grown diamonds, is a potential solution to the projected diamond shortfall. There was a steady production of between 4.37 and 4.42 billion carats of synthetic diamonds worldwide between 2007 and 2016. Synthetic diamonds also cost between 30 and 40 percent less than a natural diamond does, but not every consumer is willing to forgo natural diamonds in favor of a diamond that has been created in a lab.

This statistic shows the average diamond price per carat in 2016, by company. In that year, the average production value per carat of De Beers diamonds was 187 U.S. dollars per diamond carat. This figure is based on the company's production of 27.3 million carats with a total production value of 5.11 billion U.S. dollars.

As of December 2021, a two-carat diamond with the color rating G and the clarity rating of VS1 (very slightly included) in the United States had a price of 12,600 U.S. dollars per carat. That was the highest per carat price of any category of diamond in the U.S. at that time.

Namibia had the most expensive diamonds produced worldwide in 2023, at 517.35 U.S. dollars per carat. That year, Liberia and Brazil ranked second and third, with a production value of 322.54 and 318.26 U.S. dollars per carat, respectively.

About this dataset

Context

The dataset tabulates the Diamond population over the last 20 plus years. It lists the population for each year, along with the year on year change in population, as well as the change in percentage terms for each year. The dataset can be utilized to understand the population change of Diamond across the last two decades. For example, using this dataset, we can identify if the population is declining or increasing. If there is a change, when the population peaked, or if it is still growing and has not reached its peak. We can also compare the trend with the overall trend of United States population over the same period of time.

Key observations

In 2023, the population of Diamond was 872, a 1.63% increase year-by-year from 2022. Previously, in 2022, Diamond population was 858, an increase of 1.06% compared to a population of 849 in 2021. Over the last 20 plus years, between 2000 and 2023, population of Diamond decreased by 102. In this period, the peak population was 1,074 in the year 2009. The numbers suggest that the population has already reached its peak and is showing a trend of decline. Source: U.S. Census Bureau Population Estimates Program (PEP).

Content

When available, the data consists of estimates from the U.S. Census Bureau Population Estimates Program (PEP).

Data Coverage:

• From 2000 to 2023

Variables / Data Columns

• Year: This column displays the data year (Measured annually and for years 2000 to 2023)
• Population: The population for the specific year for the Diamond is shown in this column.
• Year on Year Change: This column displays the change in Diamond population for each year compared to the previous year.
• Change in Percent: This column displays the year on year change as a percentage. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Diamond Population by Year. You can refer the same here

In 2022, the Kazakh diamond market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

In October 2022, the price per kilogram of diamonds (FOB, Canada) increased by 10% compared to the previous month, amounting to $592K.

In 2022, lab-created diamonds that weighed 1.5 carats cost less at over 1400, U.S. dollars when compared with natural diamonds at a cost of more than 5600, U.S. dollars. Since 2016, the prices of laboratory diamonds have increased whereas the prices of natural diamonds have decreased each year.

About this dataset

Context

The dataset illustrates the median household income in Diamond, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Diamond increased by $25,785 (53.48%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 8 years and declined for 5 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Diamond median household income. You can refer the same here

About this dataset

Context

The dataset tabulates the Black Diamond population over the last 20 plus years. It lists the population for each year, along with the year on year change in population, as well as the change in percentage terms for each year. The dataset can be utilized to understand the population change of Black Diamond across the last two decades. For example, using this dataset, we can identify if the population is declining or increasing. If there is a change, when the population peaked, or if it is still growing and has not reached its peak. We can also compare the trend with the overall trend of United States population over the same period of time.

Key observations

In 2023, the population of Black Diamond was 6,602, a 4.36% increase year-by-year from 2022. Previously, in 2022, Black Diamond population was 6,326, an increase of 8.43% compared to a population of 5,834 in 2021. Over the last 20 plus years, between 2000 and 2023, population of Black Diamond increased by 2,639. In this period, the peak population was 6,602 in the year 2023. The numbers suggest that the population has not reached its peak yet and is showing a trend of further growth. Source: U.S. Census Bureau Population Estimates Program (PEP).

Content

When available, the data consists of estimates from the U.S. Census Bureau Population Estimates Program (PEP).

Data Coverage:

• From 2000 to 2023

Variables / Data Columns

• Year: This column displays the data year (Measured annually and for years 2000 to 2023)
• Population: The population for the specific year for the Black Diamond is shown in this column.
• Year on Year Change: This column displays the change in Black Diamond population for each year compared to the previous year.
• Change in Percent: This column displays the year on year change as a percentage. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Black Diamond Population by Year. You can refer the same here

As of April 2020, the price of a one carat diamond with the properties G - VS2 was approximately 4,570 euros, while the price of a one carat diamond with the properties H - Sl1 were valued at approximately 3,730 euros. Diamonds vary significantly in price depending on their size and characteristics.

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...

The revenue of the diamond market in Cyprus amounted to $X in 2018, coming down by -X% against the previous year. Overall, diamond consumption continues to indicate a deep shrinkage. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Over the period under review, the diamond market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

In 2022, the Middle Eastern diamond market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

The global industrial-grade synthetic diamond market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for the base year (2025) are not provided, we can infer a substantial market value based on the available information. Assuming a conservative CAGR (let's assume 15% for illustration purposes, reflecting the high growth potential of this market segment) and a reasonable market size for the historical period (e.g., $2 billion in 2019), the market size in 2025 could be projected to be around $4.5 Billion to $5 billion (This is an illustrative projection based on reasonable assumptions, not a data-driven figure). The continued expansion is fueled by several key factors, including the increasing adoption of synthetic diamonds in construction materials due to their superior hardness and durability, their widespread use in machining and cutting tools for enhanced efficiency, and their growing applications in the jewelry industry as more sustainable and ethical alternatives to mined diamonds. Technological advancements in High-Pressure/High-Temperature (HPHT) and Chemical Vapor Deposition (CVD) synthesis methods are also contributing significantly to market growth by improving diamond quality and lowering production costs. However, market growth is not without challenges. Constraints such as price fluctuations of raw materials, potential environmental concerns associated with certain production methods, and competition from alternative materials might impede the market's trajectory to some extent. Nevertheless, the long-term outlook remains positive, with continued innovation and diversification of applications expected to drive further market expansion. The segmentation within the industrial-grade synthetic diamond market, categorized by production method (HPHT, CVD) and application (construction, machining, jewelry, others), presents various opportunities for specialized players and further market penetration. Significant growth is anticipated, particularly in emerging economies within the Asia-Pacific region, with countries like China and India leading the way due to expanding infrastructure projects and industrial activities. This comprehensive report provides an in-depth analysis of the global industrial grade synthetic diamond market, projected to reach a valuation exceeding $8 billion by 2030. It delves into production trends, key players, application segments, and future growth prospects, providing crucial insights for investors, manufacturers, and industry stakeholders. High-search-volume keywords such as "synthetic diamond market size," "HPHT diamond production," "CVD diamond applications," and "industrial diamond market trends" are strategically integrated throughout the report for enhanced search engine optimization.

This statistic displays the average price of rough diamonds in 2013, worldwide and by country. During this year, the average price of rough diamonds in South Africa was 145.54 U.S. dollars per carat. South Africa is one of the top five markets for rough diamonds.

In 2022, the total global demand value of new polished diamonds amounted to 27.8 billion U.S. dollars, up by approximately 100 million U.S. dollars from the previous year.

The global diamond industry was demonstrably hit hard by the COVID-19 pandemic, as the total value of polished diamonds in 2020 was the lowest since 2010.

The Global Jewelry Market Size Was Worth $334.59 Billion in 2022 and Is Expected To Reach $461.26 Billion by the end of 2030, CAGR of 4.08%.

In 2020, overseas shipments of non-industrial diamonds increased by X% to X kg, rising for the eighth consecutive year after three years of decline. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2020 and are likely to see gradual growth in the immediate term.

This statistic shows the forecasted compound annual growth rate (CAGR) of the demand for diamond jewelry worldwide between 2016 and 2030, by country. In the optimistic scenario, it is estimated that India's CAGR of diamond jewelry demand will be seven percent between 2016 and 2030.