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Global Diamond Jewelry Market Size & Insights
The Global Diamond Jewelry Market size is valued at around USD 198.21 billion in 2025 and is projected to reach USD 267.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.16% during the forecast period, i.e., 2025-30. The Global Global Diamond Jewelry Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Global Diamond Jewelry.
What are the Key DROs in the Global Diamond Jewelry Market??
Emergence of Lab-Grown Diamonds Driving Market Demand – The Global Diamond Jewelry Market is primarily driven by the emergence of LGDs in recent years. They have essentially democratized the market through price disruption and even brought down the price of natural diamonds by 40% between 2020-2024. This is leading to a rapid growth in diamond jewelry purchases among younger buyers and middle-income households. LGD jewelry is eating into the share of traditional diamonds and forcing legacy players to adapt. This is highlighted in their 40% share in engagement ring sales in the US in 2023 and the launch of LGD product lines by natural diamond leader De Beers.
LGDs are also seeing increased market demand because they offer a higher degree of customization due to ease in cutting and coloring. Jewelry brands are offering innovative designs in line with evolving consumer preferences and can respond faster to trends. Market demand for LGDs is further supported by their perception of being eco-friendly and conflict-free. They have a high appeal amongst younger consumers who are sustainability and ethics-conscious. A 2023 report by Bain & Co. found that LGDs were the preferred choice for 77% of Gen Z consumers and 65% of millennials. LGDs are thus driving the market by expanding reach and aligning with evolving consumer preferences.
What are the Key Segments in the Global Diamond Jewelry Market?
The Global Diamond Jewelry is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Product Type
-Rings- Market Size & Forecast 2020-2030, USD Million
-Necklaces- Market Size & Forecast 2020-2030, USD Million
-Earrings- Market Size & Forecast 2020-2030, USD Million
-Chains- Market Size & Forecast 2020-2030, USD Million
-Bracelets- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
By Gender
-Women- Market Size & Forecast 2020-2030, USD Million
-Men- Market Size & Forecast 2020-2030, USD Million
-Unisex- Market Size & Forecast 2020-2030, USD Million
By Diamond Type
-Natural Diamonds- Market Size & Forecast 2020-2030, USD Million
-Lab-Grown Diamonds- Market Size & Forecast 2020-2030, USD Million
By Price Range
-Mass Market- Market Size & Forecast 2020-2030, USD Million
-Premium- Market Size & Forecast 2020-2030, USD Million
-Luxury- Market Size & Forecast 2020-2030, USD Million
By Distribution Channel
-Offline- Market Size & Forecast 2020-2030, USD Million
-Jewelry Stores- Market Size & Forecast 2020-2030, USD Million
-Departmental Stores- Market Size & Forecast 2020-2030, USD Million
-Flagship Stores- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
-Online- Market Size & Forecast 2020-2030, USD Million
-E-commerce- Market Size & Forecast 2020-2030, USD Million
-Brand Websites- Market Size & Forecast 2020-2030, USD Million
-Marketplaces- Market Size & Forecast 2020-2030, USD Million
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By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Who are the Key Players in Global Diamond Jewelry Market?
-De Beers Group
-Tiffany & Co. (LVMH)
-Chow Tai Fook
-Signet Jewelers
-Richemont (Cartier, Van Cleef & Arpels)
-Harry Winston (Swatch Group)
-Malabar Gold & Diamonds.
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Global Diamond Jewelry Market News
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