Diamond Jewelry - Global Strategic Business Report

The global market for Diamond Jewelry was estimated at US$358.1 Billion in 2024 and is projected to reach US$437.2 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Diamond Jewelry market.

Global Diamond Jewelry Market - Key Trends & Drivers Summarized

What Is Driving the Surge in Diamond Jewelry Demand?

The global diamond jewelry market is experiencing substantial growth due to increasing disposable incomes, evolving fashion trends, and a rising preference for luxury goods. Consumers are placing greater emphasis on aesthetic appeal, craftsmanship, and exclusivity, making diamond jewelry a top choice for personal adornment and gifting purposes. The surge in demand for wedding and engagement rings, especially in emerging economies, is fueling market expansion. Additionally, the shift in consumer perception toward lab-grown diamonds as ethical and cost-effective alternatives has broadened the customer base. The influence of social media, celebrity endorsements, and digital marketing strategies has significantly bolstered brand awareness and consumer engagement, further driving market penetration.

How Is Technology Revolutionizing the Diamond Jewelry Market?

Technological advancements have played a crucial role in transforming the diamond jewelry industry, making customization and personalization more accessible than ever. Computer-aided design (CAD) and 3D printing have revolutionized jewelry manufacturing, allowing intricate designs and rapid prototyping. Blockchain technology is increasingly being adopted to enhance transparency and traceability in diamond sourcing, assuring consumers of conflict-free and ethically sourced diamonds. Additionally, artificial intelligence (AI) and augmented reality (AR) are reshaping the shopping experience, providing virtual try-on options and AI-driven recommendations tailored to individual preferences. The rise of e-commerce platforms and digital transactions has also expanded the reach of premium diamond jewelry brands, making high-end jewelry more attainable for global consumers.

Why Are Consumer Preferences Shifting Toward Lab-Grown Diamonds?

The growing awareness of sustainability and ethical sourcing has driven a notable shift in consumer preferences toward lab-grown diamonds. These diamonds, which are chemically and physically identical to mined diamonds, offer a sustainable and conflict-free alternative without compromising quality. The cost-effectiveness of lab-grown diamonds has also attracted younger generations, particularly millennials and Gen Z consumers, who prioritize both affordability and ethical considerations. Leading jewelry brands are incorporating lab-grown diamonds into their collections to cater to this evolving demand. Furthermore, the ability to create customized and bespoke pieces with lab-grown diamonds has strengthened their appeal among modern consumers seeking uniqueness and innovation in jewelry design.

What Are the Key Growth Drivers for the Diamond Jewelry Market?

The growth in the diamond jewelry market is driven by several factors, including rising disposable incomes, the expansion of e-commerce, and increasing consumer demand for ethically sourced diamonds. The strong cultural significance of diamond jewelry in weddings, engagements, and special occasions continues to propel market demand. Advancements in jewelry manufacturing technologies, such as CAD and 3D printing, have enabled cost-effective and highly customizable designs, attracting a wider consumer base. The growing preference for lab-grown diamonds has expanded market opportunities, offering sustainable and affordable alternatives to natural diamonds. Additionally, strategic collaborations with fashion influencers, luxury brands, and digital marketing campaigns have amplified brand reach, fostering greater consumer interest and sales. The increasing penetration of AI and AR in the jewelry retail space has further enhanced the customer shopping experience, ensuring continued market expansion.

Scope of Study:

The report analyzes the Diamond Jewelry market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Cut Type (Round Brilliant Cut Diamond, Princess Cut Diamond, Emerald Cut Diamond, Radiant Cut Diamond, Cushion Cut Diamond, Oval Cut Diamond, Marquise Cut Diamond, Other Cut Types); Color (Near Colorless Diamonds, Colorless Diamonds, Faint Color Diamonds, Very Light Color Diamonds, Light Color Diamonds); Carat (1.00 CT Diamonds, 0.75 CT Diamonds, 0.50 CT Diamonds, 0.009 CT - 0.30 CT Diamonds, 1.25 CT and Above Diamonds)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Round Brilliant Cut Diamond segment, which is expected to reach US$103.7 Billion by 2030 with a CAGR of a 4.3%. The Princess Cut Diamond segment is also set to grow at 3.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $97.6 Billion in 2024, and China, forecasted to grow at an impressive 6.4% CAGR to reach $87.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Diamond Jewelry Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Diamond Jewelry Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Diamond Jewelry Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as De Beers Group, Tiffany & Co., Signet Jewelers, Chow Tai Fook Jewellery Group, Bulgari S.p.A. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Diamond Jewelry market report include:

• De Beers Group
• Tiffany & Co.
• Signet Jewelers
• Chow Tai Fook Jewellery Group
• Bulgari S.p.A.
• Cartier
• Pandora Jewelry, LLC
• Swarovski India
• Graff Diamonds International Ltd.
• Van Cleef & Arpels
• Piaget SA
• K. Mikimoto & Co., Ltd
• Carat Diamonds
• David Yurman
• Le Vian
• CHAUMET
• Boucheron
• Damiani S.p.A
• Mouawad

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.