Get the latest insights on price movement and trend analysis of Diamond in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

As of October 2019, Clean Origin lab-grown diamonds were the most affordable diamonds in a comparison of eight different lab-grown and mined diamond brands. A 1.5 carat round lab-grown diamond from Clean Origin cost approximately 4,425 U.S. dollars retail as of that time. At the other end of this comparison, a mined 1.5 carat diamond of the same quality specifications from the Brilliant Earth brand cost 13,100 U.S. dollars as of October 2019.

United States - Import Price Index (End Use): Gem Diamonds was 100.40000 Index Dec 2007=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Import Price Index (End Use): Gem Diamonds reached a record high of 118.80000 in March of 2022 and a record low of 97.20000 in March of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Import Price Index (End Use): Gem Diamonds - last updated from the United States Federal Reserve on July of 2025.

The price index of fancy color diamonds sold worldwide increased steadily from 2022 to 2024. Between January and March 2024, the Fancy Color Diamond Index - which measures changes in the wholesale buying prices of yellow, blue, and pink fancy color diamonds - was ******, rising from ****** in the same quarter of the previous year.

In 1960, the average price for such a diamond stood at some ***** U.S. dollars. Since then, the diamond price has increased more than tenfold, to ****** 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 *** milligrams, and cost approximately ****** U.S. dollars in 2015. Diamond prices per carat show a consistent increasing trend, while the annual rough diamond production worldwide has sat between *** million carats and *** 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 *** 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 **** and **** billion carats of synthetic diamonds worldwide between 2007 and 2016. Synthetic diamonds also cost between ** and ** 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.

Graph and download economic data for Import Price Index (End Use): Gem Diamonds (IR42100) from Dec 2007 to May 2025 about end use, imports, price index, indexes, price, and USA.

Graph and download economic data for Import Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set (IP7102) from Dec 1992 to May 2025 about harmonized, imports, price index, indexes, price, and USA.

In 2023, the price of a one carat diamond from De Beers was approximately ** U.S. dollars. De Beers is one of the leading diamond companies in the world. It is headquartered in London, United Kingdom.

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.

The Indian diamond market dropped slightly to $X in 2022, approximately equating the previous year. Overall, consumption, however, recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

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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

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 market value of lab-grown diamonds amounted to more than **** billion U.S. dollars in 2023. Lab-grown diamonds are expected to witness a significant increase in market value by 2032, to nearly **** billion U.S. dollars.

The Iranian diamond market dropped rapidly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Synthetic Diamond Jewelry Market Outlook

The synthetic diamond jewelry market size was valued at USD 18.5 billion in 2023 and is projected to reach USD 45.7 billion by 2032, growing at a CAGR of 10.6% from 2024 to 2032. This remarkable growth is driven by factors such as rising consumer preference for eco-friendly and conflict-free diamonds, advancements in diamond production technologies, and increasing disposable incomes amongst the middle-class population worldwide.

One of the primary growth drivers for the synthetic diamond jewelry market is the increasing demand for ethical and sustainable jewelry. Consumers are becoming more aware of the environmental and ethical issues associated with natural diamond mining, such as habitat destruction and human rights abuses. As a result, there is a growing preference for synthetic diamonds, which are produced in controlled environments and do not involve the same ethical concerns. This shift in consumer behavior is prompting luxury brands and jewelers to expand their offerings of lab-grown diamond jewelry.

Technological advancements in the production of synthetic diamonds are another significant factor contributing to market growth. Methods such as High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD) have improved significantly, resulting in higher quality and larger synthetic diamonds that are increasingly indistinguishable from natural diamonds. These advancements have not only made synthetic diamonds more affordable but also more appealing to a broader consumer base, thereby driving market growth.

Increasing disposable incomes in emerging markets, particularly in the Asia Pacific region, are also fostering the growth of the synthetic diamond jewelry market. As middle-class populations expand and their purchasing power increases, there is a greater demand for luxury items, including jewelry. Synthetic diamonds offer an attractive alternative to natural diamonds, providing similar aesthetic appeal at a lower cost. This affordability, combined with rising economic prosperity, is expected to drive significant growth in synthetic diamond jewelry sales in these regions.

In addition to synthetic diamonds, the market for Artificial Jewelry is also experiencing significant growth. Artificial Jewelry, which includes items made from non-precious metals and stones, offers consumers affordable and stylish alternatives to traditional fine jewelry. The appeal of Artificial Jewelry lies in its versatility and the ability to mimic the appearance of more expensive pieces, making it accessible to a wider audience. As fashion trends evolve, consumers are increasingly drawn to unique and bold designs that Artificial Jewelry can offer. This trend is particularly strong among younger demographics who value self-expression and are more open to experimenting with diverse styles. The rise of e-commerce platforms has further facilitated the growth of the Artificial Jewelry market, providing consumers with easy access to a vast array of designs and styles from around the world.

From a regional perspective, North America and Europe are currently the largest markets for synthetic diamond jewelry, driven by high consumer awareness and acceptance of lab-grown diamonds. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. This rapid growth can be attributed to increasing consumer spending on luxury goods, growing awareness of synthetic diamonds, and the expansion of e-commerce platforms that make these products more accessible to consumers in the region.

Product Type Analysis

The synthetic diamond jewelry market can be segmented by product type into rings, necklaces, earrings, bracelets, and others. Rings are expected to hold the largest market share, driven by their popularity as engagement and wedding rings. The demand for synthetic diamond rings is particularly high due to their affordability and ethical appeal, making them an attractive choice for modern consumers who are conscious of both price and sustainability. Additionally, advancements in diamond cutting and setting techniques have enabled the production of intricate and visually appealing designs, further boosting the popularity of synthetic diamond rings.

Necklaces are another significant product segment, with a growing number of consumers opting for synthetic diamond necklaces for both everyday wear and special occasions. The versatility of synthe

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

China: Diamond production, USD per carat: The latest value from 2024 is 0 USD per carat, unchanged from 0 USD per carat in 2023. In comparison, the world average is 43.67 USD per carat, based on data from 59 countries. Historically, the average for China from 2004 to 2024 is 120.81 USD per carat. The minimum value, 0 USD per carat, was reached in 2014 while the maximum of 404.04 USD per carat was recorded in 2018.

The jewelry grade lab-grown diamond market is experiencing robust growth, driven by increasing consumer demand for ethically sourced and sustainable alternatives to mined diamonds. The market size in 2025 is estimated at $1190.8 million. While the specific CAGR isn't provided, considering the rapid advancements in lab-grown diamond technology and the rising popularity of these ethically produced gems, a conservative estimate of the Compound Annual Growth Rate (CAGR) for the forecast period (2025-2033) would be between 15% and 20%. This signifies a significant expansion of the market, potentially exceeding $4 billion by 2033. Key drivers include the growing awareness of environmental and social responsibility amongst consumers, the increasing affordability of lab-grown diamonds compared to mined counterparts, and technological advancements that enhance the quality and brilliance of lab-grown diamonds, making them increasingly indistinguishable from natural diamonds. Major players like Element Six, Sumitomo Electric, and several prominent Chinese manufacturers are significantly contributing to this growth through investments in research and development, expansion of production capabilities, and strategic marketing efforts targeting environmentally conscious consumers. The market segmentation, although not explicitly defined, is likely to be based on diamond carat weight, clarity, color grading, and distribution channels (online vs. brick-and-mortar). Further regional variations in market growth will depend on consumer preferences, economic conditions, and the presence of established players within specific geographical areas. The competitive landscape is intensifying with both established players and emerging companies vying for market share. The key to success will lie in differentiation through superior product quality, innovative marketing strategies, and building strong brand recognition to solidify customer trust and loyalty within the rapidly evolving landscape of the lab-grown diamond industry.

Dive into Market Research Intellect's Lab Created Diamond Market Report, valued at USD 5.4 billion in 2024, and forecast to reach USD 12.9 billion by 2033, growing at a CAGR of 10.4% from 2026 to 2033.

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