The Diamond Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Diamond Market?
The Diamond Global Market Report 2025 has seen robust growth in recent years. The market size is expected to increase from $2.52 billion in 2024 to $2.66 billion in 2025, recording a compound annual growth rate (CAGR) of 5.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Diamond Industry?
The diamond market is projected to reach a market size of $3.35 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.9%.
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What are the Key Growth Drivers Fueling the Diamond Market?
The key drivers in the diamond market are:
• Continued demand for diamond jewellery
• Rising affluence and growth of the middle class
• Emerging market preferences and sustainable, ethical sourcing practices
• Innovations in diamond marketing and retail strategies
Global Market Segmentation: Identifying Major Diamond Industry Segments
The diamond market covered in this report is segmented –
1) By Type: Jewelry Making, And Industrial Applications
2) By Mining Type: Underground Mining, Surface Mining
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What are the Emerging Trends Shaping the Future of the Diamond Market?
The key trends in the diamond market are:
• Customization and personalization in diamond jewelry is a significant impending trend.
• Artificial intelligence application in diamond grading is following the technological progression of the market.
• Investment in diamond futures is shaping the market.
• The trend of customers shifting towards experiences over possessions is altering the diamond market.
Who Are the Top Competitors & Leading Players in the Diamond Market?
Major companies in the diamond market are:
• Sumitomo Electric Industries Ltd.
• Anglo American plc
• De Beers Group of Companies
• Diamond Foundry Inc.
• Alrosa PJSC
• Swarovski AG
• Henan Huanghe Whirlwind Co. Ltd.
• ILJIN Co. Ltd.
• Petra Diamonds Limited
• Element Six Limited
• Lucara Diamond Corporation
• Zhengzhou Sino-Crystal Diamond Co. Ltd.
• Gem Diamonds Limited
• WD Lab Grown Diamonds
• New Diamond Technology LLC
• IIa Technologies Pte. Ltd.
• Clean Origin LLC
• Pure Grown Diamonds Inc.
• ABD Diamonds Private Limited
• Washington Diamonds Corporation
• Diam Concept International
• Applied Diamond Inc.
• Crystallume PVD
• Mittal Diamonds
• D.NEA Diamonds
• Finegrown Diamonds
• Zhongnan Diamond Co. Ltd.
• SedKrist GmbH
Regional Dominance: Which Area Leads the Global Template Market?
Africa was the largest region in the diamond market in 2024
