Diamond Jewelry Market: By Type, By Distribution Channel, and Geography
Diamond Jewelry Market: By Type, By Distribution Channel, and Geography
Diamond Jewelry Market is estimated to be valued at US$ 90 billion in 2023 and is poised to grow at a CAGR of 3.0% from 2024 to 2030. The global diamond market is increasing due to increased demand for ethical, high-quality, and cutting-edge designs. The need for diamond-encrusted couple rings, bracelets, and other luxury jewelry based accessories is expanding, which has a beneficial impact on the market by opening up new options. Furthermore, cutting advances are seeing the introduction of robots like Fenix, which Baunat utilizes. This Belgian firm offers high-quality diamond jewelry and is capable of cutting any diamond. As a result, big and small companies in the diamond jewelry market plan to invest in cutting robots to virtually cut any diamond that isn't beyond the reach of manual cutting to benefit from additional prospects. The demand for bespoke diamond jewelry has risen dramatically over the years as customers increasingly want their personal preferences to be incorporated into wedding and engagement jewelry design. The most popular settings for diamonds are expected to increase shortly. New trends include hoop earrings and chain jewelry in the market. During and after the COVID-19 lockdown, customers preferred colorful and statement jewelry, allowing many resellers the opportunity to develop their businesses through YouTube and social media channels. The attention of high-end customers is drawn to innovative designs in artistic jewelry. For example, the Swiss luxury jeweler Shawish debuted a 150-carat diamond ring made entirely of diamonds. The market players extensively spend R&D to launch exclusive diamond jewelry collections under various brands.
For brand endorsement, significant corporations are collaborating with well-known celebrities. In the global diamond jewelry industry, partnerships with international laboratories and rigorous adherence to the criteria proclaimed by international regulatory groups such as the GIA (Gemological Institute of America) and the AGS (American Gem Society) are the primary trends.
Study Period
2024-2030Base Year
2023CAGR
3%Largest Market
Asia-PacificFastest Growing Market
North America
The demand for high-end fashion items is rising worldwide, propelling the global diamond jewelry market forward. Furthermore, increasing disposable income has a beneficial impact on the growth of the diamond market. The market is also growing because of the growing popularity of jewelry among men. Cufflinks, plain gold chains, tie bars, cartography necklaces, and signet rings are some items that men frequently preferred. Manufacturers may serve a big market while still making a profit since they have a large client base. Customers are drawn to new designs and evolving fashion trends, and manufacturers are taking advantage of this rapid change in fashion to create unique items that appeal to them. However, there is a scarcity of trained craftsmen who can manually polish and perfect designs for 3D jewelry printing. Synthetic diamonds are posing a threat to the sales of real diamond jewelry due to the shortage of natural diamonds.
The diamond jewelry market in North America is likely to hold the highest revenue share in 2022, and, in the following years, it is predicted to increase rapidly. The key trends in the American market are oval-cut diamonds and platinum setting rings. In the Asia Pacific, diamond jewelry has become a fashion trend among India's wealthy to distinguish them from those who wear traditional jewelry. India is a prominent diamond cutting and polishing center on the globe. Due to increased awareness of new beautiful designs and branded items, India has a growing demand for diamond jewelry. The country has become a hub for high-end jewelry makers and is home to the world's largest diamond processing facility. Apart from India, manufacturers are now pursuing mining prospects in Africa, Australia, and Canada. Consumers are interested in high-end jewelry innovations such as round-cut diamonds and detachable diamond sets. In the diamond jewelry business, artistic jewelry has become a repeating trend. In addition, the Saudi Arabian diamond jewelry market is likely to benefit in the future years from increasing e-commerce penetration and network expansion by several prominent global jewelry makers across the country. The leading Saudi Arabian gold and diamond jewelry market participants are Damas Saudi Arabia Company Ltd. and Malabar Gold & Diamonds.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 90 billion |
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Market CAGR |
3% |
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By Product Type |
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By End User |
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By Region |
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The global diamond jewelry market size was valued at US$ 90 billion in 2023 and is projected to grow at a CAGR of 3% from 2024 to 2030.
The rising technological innovation in the online retail channel
North America is the fastest-growing for diamond Jewelry Market
| 1. Executive Summary |
| 2. Global Diamond Jewelry Market Introduction |
| 2.1.Global Diamond Jewelry Market - Taxonomy |
| 2.2.Global Diamond Jewelry Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3. Global Diamond Jewelry Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Diamond Jewelry Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Diamond Jewelry Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Rings |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Necklaces |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Earrings |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Diamond Jewelry Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Online |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Offline |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Diamond Jewelry Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Diamond Jewelry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Rings |
| 8.1.2.Necklaces |
| 8.1.3.Earrings |
| 8.1.4.Others |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Online |
| 8.2.2.Offline |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Diamond Jewelry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Rings |
| 9.1.2.Necklaces |
| 9.1.3.Earrings |
| 9.1.4.Others |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Online |
| 9.2.2.Offline |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Diamond Jewelry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Rings |
| 10.1.2.Necklaces |
| 10.1.3.Earrings |
| 10.1.4.Others |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Online |
| 10.2.2.Offline |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Diamond Jewelry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Rings |
| 11.1.2.Necklaces |
| 11.1.3.Earrings |
| 11.1.4.Others |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Online |
| 11.2.2.Offline |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Diamond Jewelry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Rings |
| 12.1.2.Necklaces |
| 12.1.3.Earrings |
| 12.1.4.Others |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Online |
| 12.2.2.Offline |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Harry Winston |
| 13.2.2.De Beers |
| 13.2.3.Blue Nile Inc. |
| 13.2.4.Chopard |
| 13.2.5.Zales |
| 13.2.6.Tacori, Inc |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
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