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.

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.

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.

Import Price Index - Diamonds: 33 years of historical data from 1992 to 2025.

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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

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.

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.

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.

United States - Export Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set was 99.20000 Index Dec 2013=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Export Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set reached a record high of 118.20000 in March of 2022 and a record low of 94.60000 in March of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Export Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set - last updated from the United States Federal Reserve on July of 2025.

Israel Export Price Index: 2000=100: Rough Diamonds data was reported at 109.700 2000=100 in Mar 2009. This records a decrease from the previous number of 134.800 2000=100 for Dec 2008. Israel Export Price Index: 2000=100: Rough Diamonds data is updated quarterly, averaging 118.250 2000=100 from Jun 2001 (Median) to Mar 2009, with 32 observations. The data reached an all-time high of 165.000 2000=100 in Jun 2008 and a record low of 101.500 2000=100 in Dec 2002. Israel Export Price Index: 2000=100: Rough Diamonds data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.I027: Export Price Index: 2000=100. Diamonds show Gross Diamonds.

Cremation Diamonds Market Outlook

The global cremation diamonds market size is projected to grow from USD 0.3 billion in 2023 to USD 0.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of approximately 8.5% during the forecast period. The increasing acceptance of cremation as an alternative to traditional burials and the growing demand for personalized memorials are key growth factors driving the market's expansion.

A significant growth factor for the cremation diamonds market is the rising awareness and acceptance of cremation as a respectful and environmentally friendly alternative to traditional burials. As urban areas become more densely populated, the availability of land for conventional cemeteries is diminishing, making cremation a practical and cost-effective option. Additionally, societal attitudes are shifting towards more personalized and meaningful ways of commemorating loved ones, leading to the increased popularity of cremation diamonds, which offer a unique and lasting tribute.

Another driving force behind the market growth is the technological advancements and innovations in the production of synthetic diamonds. Modern technology enables the creation of high-quality synthetic diamonds that are indistinguishable from natural ones, making them a viable and attractive option for memorial purposes. These advancements not only enhance the aesthetic and sentimental value of cremation diamonds but also reduce the environmental impact associated with traditional diamond mining, thereby appealing to eco-conscious consumers.

The emotional and psychological benefits associated with cremation diamonds also play a crucial role in the market's growth. Cremation diamonds provide a tangible and personal connection to deceased loved ones, offering solace and comfort to grieving individuals. This emotional value, coupled with the uniqueness and customization options available, makes cremation diamonds an appealing choice for many. Furthermore, the ability to create multiple diamonds from a single set of ashes allows family members to share the memorial, fostering a sense of unity and remembrance.

Regionally, the market dynamics vary significantly. North America and Europe are leading regions in terms of adoption, driven by higher disposable incomes and a greater cultural acceptance of cremation. The Asia Pacific region, however, is expected to witness the fastest growth over the forecast period, fueled by increasing urbanization, changing cultural norms, and rising awareness. Latin America and the Middle East & Africa are also showing gradual acceptance, though at a slower pace compared to other regions.

Type Analysis

The cremation diamonds market can be segmented based on type into natural diamonds and synthetic diamonds. Natural diamonds, formed over millions of years through geological processes, have historically been a symbol of eternal love and remembrance. While they offer a sense of authenticity and historical value, natural diamonds are rare and expensive, limiting their accessibility to a broader audience. This segment continues to attract high-net-worth individuals seeking a unique and luxurious way to memorialize their loved ones.

In contrast, the synthetic diamonds segment is experiencing significant growth due to advancements in technology that allow for the creation of high-quality diamonds in laboratory settings. These synthetic diamonds are chemically and physically identical to natural diamonds but can be produced more quickly and at a lower cost. This affordability makes them accessible to a wider range of consumers, driving the overall market growth. Additionally, synthetic diamonds offer a more sustainable and eco-friendly alternative to natural diamonds, appealing to environmentally conscious buyers.

The choice between natural and synthetic diamonds often depends on personal preferences, budget, and cultural or emotional factors. While some consumers prefer the historical and natural aspect of natural diamonds, others are drawn to the affordability and environmental benefits of synthetic diamonds. The synthetic diamonds segment is expected to witness a higher growth rate over the forecast period, driven by increasing consumer awareness and acceptance of lab-grown diamonds.

The production of synthetic diamonds also allows for greater customization, enabling consumers to create diamonds of specific sizes, colors, and qualities that may not be easily achievable with natural diamonds. This customization adds to the appeal of synthetic

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.

United States - Import Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set was 102.40000 Index 2000=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Import Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set reached a record high of 121.10000 in March of 2022 and a record low of 95.00000 in October of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Import Price Index (Harmonized System): Diamonds, Whether or Not Worked, but Not Mounted or Set - last updated from the United States Federal Reserve on July of 2025.

South Africa: Diamond production, USD per carat: The latest value from 2024 is 124.03 USD per carat, a decline from 134.75 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 South Africa from 2004 to 2024 is 140.54 USD per carat. The minimum value, 76.34 USD per carat, was reached in 2004 while the maximum of 319.04 USD per carat was recorded in 2017.

Israel Import Price Index: Commodities: Diamonds data was reported at 109.600 2010=100 in Jun 2018. This records a decrease from the previous number of 118.700 2010=100 for May 2018. Israel Import Price Index: Commodities: Diamonds data is updated monthly, averaging 117.900 2010=100 from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 176.600 2010=100 in Nov 2011 and a record low of 93.400 2010=100 in Aug 2013. Israel Import Price Index: Commodities: Diamonds data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.I032: Import Price Index: 2010=100.

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).

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Mountain Province Diamonds Inc. is assigned short-term Ba1 & long-term Ba1 estimated rating.

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Rough Diamonds Market Outlook

In 2023, the global rough diamonds market size was valued at approximately USD 15.8 billion, with the market expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2032, reaching a projected value of USD 25.1 billion by 2032. The growth of the rough diamonds market is driven by increasing demand from the jewelry sector and industrial applications, driven by economic growth and technological advancements.

The growing affluence of the middle class in emerging economies, particularly in China and India, is a significant driver of the rough diamonds market. As disposable incomes rise, so does the demand for luxury goods, including diamond jewelry. This trend is further bolstered by cultural factors, such as the traditional importance of diamond jewelry in weddings and other significant life events in these regions. Additionally, the proliferation of branded diamond jewelry and marketing campaigns by industry players have significantly contributed to the rising demand for rough diamonds.

Technological advancements in diamond mining and synthetic diamond production are also influencing market growth. Innovations in mining technologies have improved the efficiency and cost-effectiveness of extracting rough diamonds. Furthermore, advancements in synthetic diamond production have led to high-quality lab-grown diamonds that can serve both industrial and jewelry applications. These synthetic diamonds are often more affordable and environmentally friendly, which appeals to a broader consumer base concerned with sustainability and ethical sourcing.

Another major growth factor is the expanding industrial applications of rough diamonds. Diamonds are not only valued for their aesthetic appeal but also for their exceptional hardness and thermal conductivity, making them indispensable in various industrial applications. Industries such as electronics, automotive, and construction utilize synthetic diamonds in cutting, grinding, drilling, and other high-precision operations. The continuous development of new technologies and applications within these sectors is expected to sustain demand for rough diamonds, particularly synthetic ones.

Regionally, North America and the Asia Pacific regions hold significant market shares due to established mining activities and high consumer demand. North America, with its advanced technological capabilities and significant investments in research and development, continues to play a pivotal role in both natural and synthetic diamond markets. Meanwhile, the Asia Pacific region, led by China and India, is expected to witness the fastest growth, driven by rising consumer spending power and a burgeoning middle class. Europe and Latin America also contribute to the market, with Europe being a key player in luxury goods and jewelry, and Latin America benefiting from extensive mining activities.

Type Analysis

The rough diamonds market is categorized into natural and synthetic diamonds, each serving distinct market segments and applications. Natural diamonds, formed through geological processes over billions of years, have traditionally dominated the market. They are highly valued for their rarity, natural beauty, and historical significance, making them a prime choice for high-end jewelry. The allure and perceived value of natural diamonds continue to drive demand, particularly among luxury consumers and collectors. However, the supply of natural diamonds is finite, and mining them is associated with significant environmental and ethical concerns.

On the other hand, synthetic diamonds, also known as lab-grown diamonds, have seen a surge in popularity over the past decade. These diamonds are created using advanced technological processes such as High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD), which replicate the natural conditions under which diamonds form. Synthetic diamonds offer several advantages over their natural counterparts, including lower cost, consistent quality, and a reduced environmental footprint. They are increasingly accepted in the jewelry market, particularly among younger consumers who prioritize sustainability and ethical sourcing.

In addition to jewelry, synthetic diamonds have significant industrial applications due to their unique physical properties. They are used extensively in cutting, grinding, and drilling tools, as well as in the production of electronic devices and semiconductors. The superior hardness and thermal conductivity of synthetic diamonds make them ideal for these high-precision applications. As t

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Petra Diamonds: A Rough Ride Ahead? (PDL)

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The global natural single crystal diamond market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are not provided, considering a conservative Compound Annual Growth Rate (CAGR) of 7% (a reasonable estimate given the inherent stability and luxury nature of this market, though likely higher based on other high value gem markets), and assuming a 2019 market size of $2 billion (a plausible figure based on historical data for the gem industry), the market is projected to reach approximately $3.2 billion by 2025. This growth is fueled by several key factors. The expanding construction, machinery, and electronics sectors are major consumers of industrial-grade diamonds, utilizing their exceptional hardness and thermal conductivity for cutting tools, abrasives, and heat sinks. Furthermore, advancements in diamond synthesis techniques have not fully supplanted the demand for natural single crystal diamonds, particularly those with exceptional clarity and properties, driving a sustained premium for high-quality natural diamonds in jewelry and high-value applications. The geological mining sector also contributes significantly, utilizing diamonds for drilling and exploration. Growth across regions is expected to vary, with North America and Asia-Pacific projected to lead, driven by strong economic activity and infrastructural development. However, the market also faces challenges. Fluctuations in raw material prices and geopolitical instability in diamond-producing regions can affect supply chains and pricing. Furthermore, competition from synthetic diamonds, which offer a cost-effective alternative in certain applications, remains a significant restraint. Segmentation by type (cube, octahedron, rhombic dodecahedron) and application highlights market specialization and specific demands. Key players, including Huanghe Whirlwind, Element Six, and De Beers, are actively involved in shaping market dynamics through innovation, strategic partnerships, and supply chain management. The forecast period from 2025 to 2033 suggests continued expansion, albeit potentially at a slightly moderated pace, as market saturation in some segments and technological advancements influence demand patterns.