Global Diamond Market Size, Growth, Industry Trends 2032 | Emergen Research

The global diamond market size was USD 97.10 Billion in 2022 and is expected to register a revenue CAGR of 3.0% during the forecast period, according to latest analysis by Emergen Research. Rising demand for diamond jewelry especially in emerging countries, increasing technological advancements adopted by major companies, and growing initiatives and investments by diamond manufacturers are some of the major factors driving the market revenue growth. In addition, rising use of diamonds in the construction industry is contributing to the market revenue growth.

Rising demand for diamond jewelry especially in emerging countries is a major factor driving the market revenue growth. The popularity of diamonds is growing day by day as a result of increasing supply, superior cutting and polishing techniques, global economic prosperity, and imaginative and effective advertising strategies. Rising purchasing power of the female population is driving global sales of diamond jewelry. The choice of jewelry differs by country and location. There is an increasing movement toward ethical and sustainable diamond production in recent years, with customers demonstrating a greater interest in responsibly sourced and environmentally friendly diamonds. Another factor driving the diamond market revenue growth is expansion of the construction industry.

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However, high cost of diamonds is restraining revenue growth of the market. Diamond price fluctuations in recent years have had an impact on the diamond industry. Diamond prices fluctuate due to a variety of socioeconomic factors such as customer perception, rough diamond manufacturing, currency volatility, and shifting consumer purchasing patterns. Furthermore, ethical and environmental issues of diamonds can hamper market revenue growth.

Key Highlights from the Report

• The natural diamond segment accounted for largest revenue share in 2022. Natural diamonds are highly appreciated by consumers because of their scarcity, beauty, emotional significance, and rarity. Although other stones such as rubies and sapphires, are extremely robust, they do not scratch or break easily and have been subjected to intense pressure and heat several kilometers below. Natural diamonds are sometimes more inexpensive than most high-end automobiles. These kinds of diamonds never go out of style.
• The synthetic diamond segment registered a significantly fast revenue growth rate in 2022 owing to having some advantages. Synthetic diamonds are purer than natural diamonds. Furthermore, they have fewer defects and less strain in the crystal structure. Synthetic diamonds, as opposed to organic diamonds, are completely vegan. As they do not harm the environment and are more affordable, lab-grown diamonds are an excellent choice for all parties concerned, including the consumer, the manufacturer, the supplier, and the planet.
• The diamond market in North America accounted for largest revenue share in 2022 due to rising owing to the rising collaboration by several leading companies and rising approvals of federal government agencies for this diamond, which are driving revenue growth of the market in this region. For instance, on 7 March 2022, Diamond Standard announced that it has gained regulatory authority to begin selling the Diamond Standard Bar. The Diamond Standard Bar is the world's second regulator-approved, exchange-tradable, fungible diamond commodity.

Key Companies Profiled in the Report are: Diamond Standard Inc., Petra Diamonds Limited, Mountain Diamonds, Applied Diamond Inc, De Beers, Sino-Crystal Diamond Co., Ltd., Arctic Canadian Diamond Company, Henan Huanghe Whirlwind CO., Ltd., Lucara Diamond, Gem Diamonds.

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Diamond Market Segmentation:

Emergen Research has segmented the global diamond market on the basis of product, nature, application, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
• Natural
• Synthetic
• Nature Outlook (Revenue, USD Billion; 2019-2032)
• Colorless
• Colored
• Application Outlook (Revenue, USD Billion; 2019-2032)
• Industrial
• Jewelry

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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ToC of the report:

Chapter 1: Diamond Market overview and scope

Chapter 2: Diamond Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Diamond Market segmentation based on type applications

Chapter 9: Current and Future Trends

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