Diamond Market Size, Share, and Outlook, 2025 Report- By Type (Natural, Synthetic), By Application (Jewelry, Industrial, Others), 2018-2032

Diamond Market Outlook

Diamond Market Size is forecast to reach $135.2 Billion in 2032 from $101 Billion in 2025, at an optimistic growth rate of 4.2% from 2025 to 2032. The robust Diamond Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Diamond Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Natural, Synthetic), By Application (Jewelry, Industrial, Others). Over 70 tables and charts showcase findings from our latest survey report on Diamond Markets.

Diamond Market Insights, 2025:

Diamond – Key Drivers and Opportunities

The diamond market continues to thrive due to its diverse applications, spanning across jewelry, industrial, and technological sectors. The growing demand for luxury jewelry is one of the primary drivers of the market. Diamonds have long been considered symbols of wealth, status, and beauty, and their popularity in engagement rings, wedding bands, and high-end fashion jewelry continues to drive growth. The rising affluence in emerging markets, particularly in Asia-Pacific and Middle Eastern countries, has further fueled the demand for diamond jewelry.

In the industrial sector, diamonds are in high demand for their abrasive properties and are used in a variety of applications, such as cutting, grinding, and polishing materials. The growth of industries like construction, mining, and electronics has led to an increased need for diamond tools and industrial-grade diamonds. Further, synthetic diamonds are gaining traction in industrial applications due to their cost-effectiveness and superior properties compared to natural diamonds.

The technological applications of diamonds, such as in semiconductors, optics, and lasers, are opening new growth avenues. Diamonds' exceptional thermal conductivity, electrical properties, and optical transparency make them ideal for use in high-tech devices, including quantum computing and LED technology. As demand for advanced technologies increases, the role of diamonds in electronics and semiconductors is expected to grow.

Additionally, the rise of synthetic diamond production has brought about opportunities for affordable, ethically sourced diamonds, catering to both industrial and consumer markets. The ability to create diamonds with minimal environmental impact offers significant advantages for environmentally conscious consumers and companies looking to improve their sustainability credentials.

Five Trends that will define global Diamond Market in 2025 and Beyond

A closer look at the multi-million global market for Diamond Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Diamond Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Diamond Industry?

The Diamond Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Diamond Market Segment Insights

The Diamond Industry presents strong offers across categories. The analytical report offers forecasts of Diamond Industry performance across segments and countries. Key segments in the industry include- By Type (Natural, Synthetic), By Application (Jewelry, Industrial, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Diamond Market size outlook is provided for 22 countries across these regions.

Diamond Industry Value Chain

The chapter identifies potential companies and their operations across the global Diamond Industry ecosystem. It assists decision-makers in evaluating global Diamond Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Diamond Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Diamond Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Diamond Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Diamond Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Diamond Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Diamond Market Insights- Executives are most excited about opportunities for the US Diamond Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Diamond Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Diamond Market.

Latin American Diamond Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Diamond Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Diamond Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Diamond Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Diamond Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include ALROSA PJSC, Arctic Canadian Diamond Company Ltd, De Beers Group, Gem Diamonds Ltd, Lucara Diamond Corp, Mountain Province Diamonds Inc, Petra Diamonds Ltd, Rio Tinto plc, Trans Hex Group Ltd.

Diamond Market Scope and Segmentation

By Type

Natural

Synthetic

By Application

Jewelry

Industrial

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Diamond Market Research-

ALROSA PJSC

Arctic Canadian Diamond Company Ltd

De Beers Group

Gem Diamonds Ltd

Lucara Diamond Corp

Mountain Province Diamonds Inc

Petra Diamonds Ltd

Rio Tinto plc

Trans Hex Group Ltd

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.