Diamond Jewelry Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Diamond Jewelry Market By Type (Rings, Necklaces, Earrings, and Others), By Distribution Channel (Online and Offline), and By Geography

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Report

Description

The diamond jewelry market is estimated to be valued at USD 90 billion in 2022 and is poised to grow at a CAGR of 3.0% over 2022–2028. 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.

Recent Market Developments:

In October 2020, Blue Nile Inc. opened a new showroom at Park Meadows in Lone Tree, Colorado, near Denver. The company opened two more showrooms in November 2020 in Fashion Island, California, and Illinois. The jewelry retailer plans to expand the business by opening 50 stores in the U.S. over the next three years. The opening of showrooms led to the expansion of trade.

In October 2020, Zales partnered with Vera Wang, an American fashion design company, to create an exclusive collection of diamond bridal jewelry. The Vera Wang designs (bridal collection) arrived in Zales stores in the U.S. and Puerto Rico. The company focuses on matching different bridal diamond styles with the bridal clothing section.

Diamond Jewelry Market

MARKET SUMMARY
-
3.0% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.0%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Diamond Jewelry Market

  • The diamond jewelry market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The diamond jewelry market is segmented based on products, distribution channels, and geography.
Key Players
  • Harry Winston
  • De Beers
  • Blue Nile Inc.
  • Chopard
  • Tacori, Inc
Diamond Jewelry Market

Dynamics

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.


North-America Got Significant Share

Diamond Jewelry Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The diamond jewelry market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Diamond Jewelry Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • Harry Winston
  • De Beers
  • Blue Nile Inc.
  • Chopard
  • Zales
  • Tacori, Inc
  • Buccellati
  • James Allen
  • BVLGARI
  • Tanishq Limited
  • Malabar Gold & Diamonds
  • Palmiero Carlo S.r.l.
  • GRAFF

Description

The diamond jewelry market is estimated to be valued at USD 90 billion in 2022 and is poised to grow at a CAGR of 3.0% over 2022–2028. 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.

Recent Market Developments:

In October 2020, Blue Nile Inc. opened a new showroom at Park Meadows in Lone Tree, Colorado, near Denver. The company opened two more showrooms in November 2020 in Fashion Island, California, and Illinois. The jewelry retailer plans to expand the business by opening 50 stores in the U.S. over the next three years. The opening of showrooms led to the expansion of trade.

In October 2020, Zales partnered with Vera Wang, an American fashion design company, to create an exclusive collection of diamond bridal jewelry. The Vera Wang designs (bridal collection) arrived in Zales stores in the U.S. and Puerto Rico. The company focuses on matching different bridal diamond styles with the bridal clothing section.

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