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Diamond Market Size Worth $123.83 Billion By 2030 Due To The Rising Demand For Jewelry From Emerging Countries | Grand View Research Inc.

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Diamond Market Size Worth $123.83 Billion By 2030 Due To The Rising Demand For Jewelry From Emerging Countries | Grand View Research Inc.

February 12
16:52 2021
Diamond Market Size Worth $123.83 Billion By 2030 Due To The Rising Demand For Jewelry From Emerging Countries | Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, the rising demand for jewelry from emerging countries is driving the global diamond market.

According to a report, “Diamond Market Size, Share & Trends Analysis Report By Product (Natural, Synthetic), By Application (Jewelry & Ornaments, Industrial), By Region, And Segment Forecasts, 2019 – 2030” published by Grand View Research, Inc., the global diamond market size is anticipated to reach USD 123.83 billion by 2030, expanding at a CAGR of 3.0% over the forecast period. The market is mainly driven by strong jewelry demand from emerging economies.

Natural diamonds dominated the market in 2018 as they are one of the hardest materials available on earth and are mainly utilized for jewelry applications. Industrial applications of natural diamonds account for a comparatively smaller share as compared to their synthetic counterparts, while their share in jewelry application is expected to gain prominence over the coming years.

Synthetic or lab-grown diamonds were mainly used for industrial purposes, however, in recent years, the market has witnessed significant investments in synthetic production technologies for making quality products intended for jewelry applications. Approximately 2% of the diamond jewelry sold in 2018 was estimated to be produced synthetically or in a lab.

China diamond market size, by product, 2014 - 2030 (USD Billion)

Diamond Market Report Highlights

  1. On the basis of the product, the natural product segment held the highest revenue share of 96.2% of the global diamond market in 2018. The dominance can be attributed to the strong demand for the diamond in jewelry application in countries such as U.S. and China.

  2. The synthetic segment is predicted to grow at the fastest CAGR of 10.0% during the forecast period owing to its rapid penetration in the jewelry application. Synthetic diamond jewelry has been gaining popularity in the past few years on account of high affordability and low cost.

  3. On the basis of application, the industrial application is projected to grow at a CAGR of 2.8% from 2019 to 2030 due to rising construction activities in terms of new construction as well as refurbishment activities around the globe.

  4. North America held the highest revenue share of 51.7% in 2018. The strong demand for engagement rings from the U.S. is a significant factor for its dominant share. 

  5. The Asia Pacific region is predicted to grow with the fastest CAGR of 3.4% over the forecast period. Ascending demand for jewelry in China and India is driving the market in the region.

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/industry-analysis/diamond-market/request/rs1

Diamond Market Segmentation

Grand View Research has segmented the global diamond market on the basis of product, application, and region

Diamond Product Outlook (Revenue, USD Million, 2014 – 2030)

  1. Natural

  2. Synthetic

Diamond Application Outlook (Revenue, USD Million, 2014 – 2030)

  1. Jewelry

  2. Industrial

Diamond Regional Outlook (Revenue, USD Million, 2014 – 2030)

  1. North America

    1. The U.S.

    2. Canada

  2. Europe

    1. Germany

    2. France

    3. The U.K.

    4. Belgium

    5. Poland

  3. Asia Pacific

    1. India

    2. China

  4. South & Central America

    1. Brazil

  5. Middle East and Africa

Key Players in the Diamond Market

  1. Petra Diamonds Limited

  2. RioTinto

  3. Trans Hex Group

  4. Lucara Diamond

  5. ALROSA

  6. De Beers

  7. Mountain Province Diamonds

  8. Dominion Diamond Mines

  9. Gem Diamonds

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6815/ibb

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Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/diamond-market


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