USD 356.27 Billion
Diamond Jewelry Market Size, Share, and Growth Analysis
Diamond Jewelry Market by Cut (Round Brilliant, Princess), by Clarity (VS 2, SI 1), by Color (Colorless (GRADE D/E/F), Near Colorless (GRADE G/H/I/J)), by Region -Industry Forecast 2025-2032
Report ID:
SQMIG25J2082 |
Region:
Global |
Published Date: January, 2025
Pages:
188
|Tables:
105
|Figures:
71
Format -
Diamond Jewelry Market Insights
Global Diamond Jewelry Market size was valued at USD 356.27 Billion in 2023 poised to grow from USD 372.66 Billion in 2024 to USD 534.02 Billion by 2032, growing at a CAGR of 4.6% in the forecast period (2025-2032).
The expansion of the beauty and fashion industries, which has led to an increase in fashion sense among people worldwide, is the main factor propelling the market. The demand is probably going to be driven by consumers' growing disposable income and increased ability to spend on pricey jewelry as a status symbol. Currently, the desire of millennials to express themselves has fueled the market for new designs and fashion trends. The increasing popularity of wedding makeup has also increased the demand for diamond jewelry in the global market. Millennials opt for jewelry that is versatile enough to be used in any kind of event-whether formal or casual-and will likely buy branded products and fashionable designs that reflect their unique taste.
Thus, producers are being encouraged to create jewelry that responds to the new trends in the diamond industry by these changing patterns, which include colored diamonds, mismatched stones, and asymmetrical earrings. Additionally, the global market for diamond jewelry is being driven by the growing purchasing power of women. diverse nations and regions have diverse jewelry preferences. The demand for jewelry is significantly influenced by traditional events, ceremonies, and rituals. For example, in western nations, diamond jewelry is typically chosen for engagements and weddings. As these companies provide distinctive designs and value-added items, customers prefer to buy jewelry from both domestic and foreign brands.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Round Brilliant
Fastest Growth
Princess
Growth Rate
4.6% CAGR
Global Diamond Jewelry Market ($ Bn)
Country Share by Asia Pacific (%)
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Diamond Jewelry Market Segments Analysis
The global diamond jewelry market is segmented based on cut, clarity, color, and regions. In terms of cut, the market is grouped into round brilliant, princess, emerald, radiant, cushion, oval, asscher, marquise, pear, heart, and others. Based on the clarity, the market is segmented into FL & IF, I (1/2/3), VVS 1, VVS 2, VS 1, VS 2, SI 1, and SI 2. Based on color, the market is grouped into Colorless (GRADE D/E/F), Near Colorless (GRADE G/H/I/J), Faint (K/L/M), Very Light (GRADE N/O/P/Q/R), and Light (GRADE S/T/U/V/W/X/Y/Z). Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Analysis by Cut
As per categorization by cut, the market is classified as round brilliant, princess, emerald, radiant, cushion, oval, asscher, marquise, pear, heart, and others. Among these, round brilliant earned the largest share and continues to hold the dominant global diamond jewelry market share. The round brilliant is the leading cut in the global diamond jewelry market due to its classic appeal, brilliant light reflection, and the most classical cut of all time. Cutting technology advancements have only enhanced the brilliance of the stone; ideal cuts and laser precision create even more precise, symmetrical stones. This piece is versatile, hence suitable for most jewelry designs ranging from engagement rings to necklaces. It's also a market leader, owing to the preference by consumers of its enduring elegance and consistent value retention in the market.
The Princess cut is poised to be the fastest growing in the global diamond jewelry market due to its modern, sophisticated look and exceptional brilliance. Known for its sharp corners and square shape, it offers a unique combination of style and sparkle, making it particularly popular among younger, trend-conscious consumers. Advances in cutting technology allow for more precise cuts, enhancing its visual appeal. As consumers increasingly seek contemporary designs that blend elegance with boldness, the Princess cut's rising popularity is fueled by its adaptability in various jewelry settings, particularly engagement rings, and its growing representation in luxury collections.
Analysis by Clarity
VS2 clarity diamonds are dominating the global diamond jewelry market due to their optimal balance of quality and affordability. These diamonds carry extremely small inclusions that cannot even be identified by magnification and, thus, provide maximum clarity without the luxury price tag of flawless or internally flawless stones. Innovations in gemological grading and cutting techniques have enhanced the visual appeal of VS2 clarity diamonds, making them a desirable choice for engagement rings and other fine jewelry. Their widespread appeal is driven by consumers' demand for high-quality diamonds at a more accessible price point, cementing their dominance in the market.
SI1 clarity diamonds are projected to be the fastest-growing segment in the global diamond jewelry market due to their affordability and growing consumer preference for value-driven purchases. They also have small inclusions that appear only when enlarged, so they will be a budgeted option for quality that does not sport the heavily expensive tag with higher clarity grades. As consumers become keener on getting value and more size rather than flawless clarity, the SI1 diamond proves to be an attractive compromise in terms of the trade-off between quality and cost. Affordability in combination with rising awareness and innovation in diamond cutting as well as grading makes SI1 a significant driver for the growth of the market.
Global Diamond Jewelry Market By Cut (%)
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Diamond Jewelry Market Regional Insights
Asia-Pacific is dominating the global diamond jewelry market due to its rapidly expanding middle class, increasing disposable income, and strong cultural affinity for luxury goods, particularly diamonds. Emerging as key market drivers are China, India, and Japan, wherein an increasing demand in both conventional as well as contemporary diamond jewelry particularly for weddings and engagements can be seen. More importantly, diamond investments as well as knowledge about global luxury trends have propelled this market forward. With online retailing as a new and powerful arena and with innovations in designs through regional participation in the market, Asia-Pacific shall continue to grow as the center of major consumer and producers within this jewelry market.
North America is the fastest-growing region in the global diamond jewelry market due to its robust economy, high consumer spending, and a strong affinity for luxury goods. The region's growing demand for engagement rings, fine jewelry, and branded diamond collections is supported by an increasing preference for high-quality, ethically sourced diamonds. Innovations in diamond certification, improved marketing strategies, and a rapid increase in online jewelry sales further boost growth. Furthermore, the millennials and Generation Z, who are ready to spend on premium products, create demand, which positions North America as a dynamic and rapidly expanding market for diamond jewelry.
Global Diamond Jewelry Market By Geography
- Largest
- Fastest
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Diamond Jewelry Market Dynamics
Drivers
Rising Consumer Affluence
- An important driver of the global diamond jewlery market growth is the increasing disposable income, especially in the emerging markets. The demand for luxury items, such as diamonds, keeps growing due to the rising consumer incomes, particularly in regions like Asia-Pacific and North America, hence high-end Jewlery is driven by the same trend.
Changing Consumer Preferences
- Consumers are increasingly looking for unique, customized, and sustainable diamond jewelry options. Ethics and lab-grown diamonds also mirror increasing demands based on changing values toward sustainability and social responsibility. The brands have responded with diverse collections to tap the increasing desire for distinct, responsible luxury.
Restraints
Rising Popularity of Alternative Gemstones
- The market faces a threat of alternative gemstones like sapphires, emeralds, and rubies gaining the preference of jewelry consumers across the globe. Being available in rich colours, often unique to other gemstones and relatively inexpensive than diamonds, has made alternative jewelry more popular than traditional diamond Jewlery, especially with the youth.
Economic Instability and Inflation
- Economic downturns and inflationary pressures can greatly constrain the diamond jewelry market. Luxury goods, including diamonds, tend to be the first casualties when consumers are in a spending hiatus, since the consumer is focusing on basic necessities and goods and services, thereby impacting sales and market growth.
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Diamond Jewelry Market Competitive Landscape
The global diamond jewelry market is highly competitive, with several leading players and luxury brands competing for space. Companies look at product innovation, branding, and sustainability to reach diverse consumers. Leaders in the diamond Jewlery segment are De Beers, Tiffany & Co., Cartier, Harry Winston, and Chow Tai Fook, which are top-selling premium offerings with a global retail presence. Brands are also using electronic platforms and more responsible sourcing toward meeting changing requirements from consumers such as transparency, sustainability, or both.
Top Players in Diamond Jewelry Market
- De Beers (United Kingdom)
- Tiffany & Co. (USA)
- Cartier (France)
- Harry Winston (USA)
- Chow Tai Fook (Hong Kong)
- Bulgari (Italy)
- Graff Diamonds (United Kingdom)
- Van Cleef & Arpels (France)
- Mikimoto (Japan)
- Rolex (Switzerland)
- David Yurman (USA)
- Piaget (Switzerland)
- Chopard (Switzerland)
- Pandora (Denmark)
- James Allen (USA)
Recent Developments
- In November 2024, De Beers, in its attempt to further advance its commitment towards ethical diamond sourcing, has announced the launch of a new "Tracr" blockchain platform that tracks diamonds from mines to consumers. This initiative aims to enhance transparency in the supply chain and assure customers of the ethical origins of their diamond purchases.
- In October 2024, Tiffany & Co. launched an exclusive collection of lab-grown diamonds in October 2024. This move aligns with the company’s sustainability goals and growing consumer demand for eco-friendly products. The collection offers high-quality, ethically produced diamonds, reinforcing Tiffany’s commitment to environmental responsibility and appealing to conscious luxury buyers.
- In September 2024, Chow Tai Fook unveiled a cutting-edge augmented reality (AR) platform in its stores across Asia. This technology allows customers to virtually try on diamond Jewlery, enhancing the shopping experience. Digitizing has been enhancing convenience and engagement by Chow Tai Fook to modern consumers.
Diamond Jewelry Key Market Trends
- Sustainability and Ethical Sourcing: Consumers are looking for more sustainable and ethically sourced diamonds, creating a boom in demand for lab-grown diamonds and supply chain transparency. Major brands are adapting through traceability, responsible mining, and eco-friendly materials, and are reshaping the approach of luxury for the industry and expectations from consumers.
- Rise of Online Diamond Jewelry Sales: E-commerce is changing the global diamond jewelry market trends at a rapid rate as online platforms take over. Convenience, competitive pricing, and assortment options are what today's consumers look for. Companies are investing in digital tools, virtual try-ons, and top-notch online customer service to enhance the shopping experience as most other markets are probably too technologically savvy.
Diamond Jewelry Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global diamond jewelry industry is currently booming, mainly based on growing disposable incomes, the change in consumer preference, and rising demand for unique and eco-friendly jewelry. Innovations in cutting techniques, ethics of sourcing, and personalized designs all shape a new version of this industry. Trends that are in the process of transforming are from the preference for lab-grown diamonds to shopping online, among others.
Regional dynamics, especially the dominance of Asia-Pacific and the rapid growth of North America, further fuel the market expansion. As consumer values continue to shift, the market is poised for continued transformation, emphasizing both luxury and sustainability.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 356.27 Billion |
| Market size value in 2032 | USD 534.02 Billion |
| Growth Rate | 4.6% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Diamond Jewelry Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Diamond Jewelry Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Diamond Jewelry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Diamond Jewelry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Diamond Jewelry Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Diamond Jewelry Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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