Diamond Jewelry Market
Report ID: SQMIG25J2089
Report ID: SQMIG25J2089
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Report ID:
SQMIG25J2089 |
Region:
Global |
Published Date: May, 2025
Pages:
196
|Tables:
105
|Figures:
71
Global Diamond Jewelry Market size was valued at USD 372.66 Billion in 2024 and is poised to grow from USD 389.8 Billion in 2025 to USD 558.59 Billion by 2033, growing at a CAGR of 4.6% during the forecast period (2026–2033).
Growing disposable income of people, expansion of omnichannel retail, cultural significance of jewelry, gifting trends, high demand for lab-grown diamonds, and celebrity endorsements are slated to be key factors driving the sales of diamond jewelry. Expansion of middle-class population and resultant increase in disposable income are primarily driving the sales of diamond jewelry. Millennials and Gen Z are emerging as key consumer groups promoting diamond jewelry market growth owing to their emphasis on ethical sourcing, personalization, and self-expression. Diamond jewelry plays a crucial role in multiple cultures as it is extensively used in ceremonies and occasions. Lab-grown diamonds are reshaping the diamond jewelry market by offering ethical, eco-friendly, and affordable alternatives to mined diamonds. Celebrities and social media personalities play a powerful role in shaping consumer preferences in diamond jewelry.
Red carpet appearances, engagements, and influencer content are influencing aspirational buying behavior among general consumers. On the contrary, high costs of diamond jewelry, ethical and environmental concerns, economic fluctuation sensitivity, rising geopolitical tensions, and threat from counterfeit and imitation products are predicted to hamper the global diamond jewelry market penetration in the long run.
How is Digital Technology Transforming the Diamond Jewelry Shopping Experience?
Digital innovation is revolutionizing how consumers discover and purchase diamond jewelry. Brands now offer immersive virtual try-ons, 360° product views, and AI-driven recommendations, enhancing online shopping confidence. Augmented Reality (AR) tools let users visualize jewelry on themselves in real time, reducing the need for physical store visits. Blockchain integration also enables traceability, ensuring diamond authenticity and ethical sourcing. E-commerce and social media platforms are central to consumer engagement, allowing brands to target audiences with tailored content and influencer collaborations. This shift not only improves customer convenience but also expands reach into new geographic and demographic segments, fueling global diamond jewelry market growth.
Market snapshot - 2026-2033
Global Market Size
USD 356.27 billion
Largest Segment
Round Brilliant Cut Diamond
Fastest Growth
Princess Cut Diamond
Growth Rate
4.6% CAGR
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Global diamond jewelry market is segmented by cut, clarity, color, carat, and region. Based on cut, the market is segmented into round brilliant cut diamond, princess cut diamond, emerald cut diamond, radiant cut diamond, cushion cut diamond, oval cut diamond, Asscher cut diamond, marquise cut diamond, pear cut diamond, heart cut diamond, and others. Based on clarity, the market is segmented into FL and IF, I (1/2/3), VVS 1, VVS 2, VS 1, VS 2, SI 1 and SI 2. Based on color, the market is segmented 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 carat, the market is segmented into 0.009 CT - 0.30 CT, 0.50 CT, 0.75 CT, CT, 1.25 CT, 1.50 CT, 1.75 CT, 2.00 CT, 2.50 CT, 3.00 CT, 3.50 CT, 4.00 CT, and 5.00 CT and above. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The round brilliant cut diamond segment is estimated to spearhead the global diamond jewelry market revenue through 2032. Superior brilliance, classic appeal, and versatile design compatibility offered by this cut allows it to emerge as the most preferred cut among diamond jewelry buyers. Maximization of light reflection through this cut makes it the most radiant and appealing diamond cut accessible to the general consumer, thereby cementing the dominance of this segment.
Meanwhile, the demand for princess cut diamonds is slated to rise at an impressive CAGR going forward. Modern aesthetic of princess cut diamonds, and their cost-effectiveness are helping promote their popularity among consumers. These types of diamonds are mostly popular in engagement rings.
The near colorless (GRADE G/H/I/J)) segment is slated to hold the highest diamond jewelry market share in the future. The excellent balance of visual appeal and cost-effectiveness offered by near colorless diamonds is helping them emerge as a popular choice for most diamond jewelry. Jewelry retailers frequently promote near colorless diamonds as they offer the best compromise between beauty and budget.
On the other hand, the demand for colorless (GRADE D/E/F) diamonds is slated to rise at a robust pace as per this diamond jewelry market forecast. High demand for premium diamond jewelry from affluent customers willing to pay more is creating new opportunities via this segment. These top-tier diamonds are prized for their unmatched purity, brilliance, and rarity, making them a status symbol in luxury markets.
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High disposable incomes, strong bridal jewelry traditions, and widespread consumer trust in certified diamonds are allowing North America to lead global diamond jewelry demand outlook. Early adoption of lab-grown diamonds and their alignment with sustainability trends are also helping this region maintain its dominant stance. Advanced e-commerce infrastructure, innovative marketing strategies, and brand collaborations with celebrities are ensuring sustained sales of diamond jewelry in this region, thereby further cementing its stance as a global leader.
High consumer spending potential, strong bridal traditions, and a preference for luxury goods are bolstering the sales of diamond jewelry in the United States. Engagement rings and anniversary gifts bring in major revenue for diamond jewelry brands operating in the country. Millennials and Gen Z drive demand minimalist and customizable pieces. Transparent certification, financing options, and loyalty programs strengthen market trust, maintaining the country’s dominant position in global diamond jewelry demand.
Presence of a wealthy consumer base and a strong emphasis on ethical sourcing are forecasted to bolster the demand for diamond jewelry in Canada. Canadian-mined diamonds, such as those from the Northwest Territories, are prized for their conflict-free origins, appealing to eco-conscious buyers. Demand for classic, high quality diamond jewelry is growing rapidly in Canadian weddings and special occasions. Multicultural diversity influences design preferences, encouraging diamond jewelry brands to innovate.
Growing middle class population and rising affluence are making Asia Pacific the fastest growing market for diamond jewelry providers. Cultural traditions around weddings and festivals create consistent demand, while younger consumers embrace both natural and lab-grown diamonds. Rising involvement of females in the workforce backed by rising popularity of self-purchasing and gifting trends are also boosting the demand for diamond jewelry in this region. Explosive online retail growth and expanding luxury brand presence are also expected to uplift the sales of diamond jewelry in countries such as Japan, India, China, and Indonesia in the long run.
The diamond jewelry industry of Japan is highly sophisticated and design-driven, which bolster the preference for minimalistic, elegant jewelry pieces. Cultural emphasis on aesthetics and quality supports diamond jewelry purchases for weddings, anniversaries, and personal milestones. High brand loyalty, preference for premium domestic and international brands, and a refined retail experience are playing a crucial role in augmenting the demand for diamond jewelry in Japan. Despite slower growth compared to other Asian countries, Japan remains a premium market focused on innovation, heritage, and design excellence in diamond jewelry.
Rising consumer purchasing power, Western lifestyle influence, and fashion-conscious millennials are making South Korea a fast-growing market for diamond jewelry brands. Use of jewelry as a status and self-expression symbol in the country is also expected to favor the demand for diamond jewelry. Social media, K-pop culture, and influencer marketing are responsible for shaping consumer preferences. The market is competitive and dynamic, with both global brands and local designers gaining traction.
Europe is home to a stable yet expanding market for diamond jewelry companies. High preference for heritage brands, craftsmanship, and ethically sourced diamonds among European consumers is influentially impacting the sales of diamond jewelry in the region. Growing tourism, the presence of luxury shopping hubs, and designer collaborations are further making diamond jewelry a popular luxury item among Europeans. The presence of multiple high net-worth individuals is also expected to be a crucial factor driving the adoption of diamond jewelry in Europe.
Weddings, gifting, and rising self-purchasing popularity among women are driving the demand for diamond jewelry in this country. Demand for diamond jewelry with classic designs and contemporary trends is particularly high among British consumers. Lab-grown diamonds are becoming popular due to their ethical appeal and cost-effectiveness. Economic uncertainty has influenced spending habits, but premium products and ethical brands continue to drive sustained demand for diamond jewelry. London remains a key hub for domestic as well as international diamond jewelry brands.
The demand for diamond jewelry in Germany is defined by craftsmanship, quality, and understated luxury. Diamonds are extensively used in engagement rings and commemorative jewelry. The aging population of the country is especially crucial in governing the sales of diamond jewelry going forward. Jewelry purchases are typically occasion-driven rather than trend-based. While growth is moderate, digital platforms and ethical practices are reshaping consumer expectations.
Heritage of luxury and fashion excellence influences the diamond jewelry industry in France. The presence of Paris as a global luxury fashion hub influences design trends and consumer preferences all over the country. Exclusivity, craftsmanship, and brand legacy are highly valued among consumers looking for diamond jewelry in France. The market thrives on seasonal trends, tourism, and fashion week showcases. France’s deep-rooted jewelry tradition, combined with modern ethical demands, ensures continued relevance in the global diamond jewelry market.
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Cultural Significance and Gifting Traditions
Expanding E-Commerce and Omnichannel Retail
Ethical and Environmental Concerns
Threat from Imitation and Counterfeit Products
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Diamond jewelry providers should focus on enhancing the shopping experience for their customers. Providing natural as well as lab-grown diamonds can help companies cater to all types of customers. Collaborations with luxury jewelry designers and brands are also popular strategies for companies looking to boost their revenue as per this global diamond jewelry market analysis.
Most startups are focusing on offering lab-grown diamonds to capitalize on the growing emphasis on ethical diamond buying among youth and conscious consumers. Here are some startups that are expected to influence the sales of diamond jewelry in the long run.
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, rising disposable income and surge in popularity of lab-grown diamonds and comfort are projected to bolster diamond jewelry market growth. However, the high costs of diamonds and sensitivity to economic uncertainty are estimated to hamper diamond jewelry demand outlook for the future. Strong bridal jewelry traditions and early acceptance of lab-grown diamonds are helping North America lead the global diamond jewelry demand. Personalization of jewelry and use of lab-grown diamonds are key trends driving the diamond jewelry sector in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 372.66 Billion |
| Market size value in 2033 | USD 558.59 Billion |
| Growth Rate | 4.6% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| 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 |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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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