Report Code: CMI34666

Published Date: November 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 5.5%
336.7B
2022
348.6B
2023
492.2B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • De Beers
  • Tiffany & Co.
  • Cartier
  • Harry Winston
  • Graff
  • Chopard
  • Others

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Reports Description

Global Diamond Jewelry Market is expected to witness substantial growth from 2023 to 2032, driven by factors such as rising disposable income, increasing consumer preferences for premium and luxury products, and the timeless appeal of diamonds. The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 5.5% during this period. In 2023, the market is estimated to be valued at USD 348.6 Billion, and it is expected to reach USD 492.2 Billion by 2032.

Diamond jewelry, known for its brilliance, elegance, and symbolism, continues to be a coveted choice among consumers looking for exquisite and enduring pieces.

The global Diamond Jewelry Market is experiencing growth due to various factors, including:

  • Rising Disposable Income: As disposable income levels increase, consumers have more financial capacity to invest in luxury items, including diamond jewelry. Growing affluence in emerging economies and a strong economy in developed nations drive demand for high-end jewelry.
  • Timeless Appeal: Diamonds have a timeless and universal appeal. They are often associated with love, commitment, and luxury, making diamond jewelry a popular choice for various occasions, especially engagements and weddings.
  • Customization and Personalization: Many diamond jewelry brands offer customization options, allowing customers to create unique and personalized pieces. This trend toward customized jewelry caters to consumers’ desire for individuality.
  • Gift and Celebration Culture: The tradition of gifting diamond jewelry for special occasions and milestones, such as weddings, anniversaries, and birthdays, fuels market growth. These significant life events often involve the purchase of high-quality diamond jewelry as a symbol of love and commitment.
  • The popularity of Online Sales: The growth of e-commerce has made diamond jewelry more accessible to consumers worldwide. Online sales channels provide convenience, a wider selection of products, and a global customer base.
  • Sustainability and Ethical Practices: Consumers are increasingly conscious of ethical and sustainable practices in the diamond industry. Brands that prioritize responsible sourcing of diamonds and environmentally-friendly production methods gain favor with environmentally-conscious consumers.
  • Innovative Designs: Diamond jewelry brands are constantly exploring innovative designs and settings. Incorporating new design aesthetics and settings can attract consumers seeking unique and contemporary diamond pieces.
  • Brand Prestige and Legacy: Established diamond jewelry brands carry a strong reputation and legacy, which can attract consumers who value the heritage, craftsmanship, and prestige associated with these brands.
  • Investment Value: Diamonds are often considered an investment, as they tend to hold value over time. This investment potential attracts both investors and consumers looking for assets with enduring value.
  • Celebrity Endorsements: Partnerships and endorsements by celebrities, fashion icons, and influencers play a significant role in promoting diamond jewelry brands. Celebrity associations can enhance the desirability of diamond products.
  • Experiential Retail: Diamond jewelry retailers are focusing on creating unique in-store experiences for customers. These experiences, often in the form of luxurious showrooms and personalized consultations, enhance the customer journey and contribute to brand loyalty.
  • Consumer Confidence: Building and maintaining consumer confidence in the authenticity, quality, and craftsmanship of diamond jewelry is crucial for the industry. Brands invest in quality control and certifications to assure consumers of the genuineness of their products.
  • Cultural and Regional Preferences: Diamond jewelry styles and designs can vary significantly across different cultures and regions. Brands must adapt to meet diverse market demands, respecting local customs and preferences.
  • Customs and Import Regulations: The international trade of diamond jewelry involves navigating complex customs and import regulations. Understanding and complying with these regulations is essential for brands selling globally.
  • Security: Ensuring the security of valuable diamond jewelry items during manufacturing, transportation, and in retail environments is a critical challenge. Security measures must be robust to prevent theft and loss.
  • Marketing and Promotion: Effective branding, marketing, and promotion are vital to the industry’s success. Diamond jewelry brands must continuously invest in marketing to remain top-of-mind for consumers.
  • Sustainability and Environmental Regulations: Increasing emphasis on the impact of products on the environment and compliance with sustainability regulations adds complexity to diamond jewelry production. Meeting sustainability standards is an emerging concern.
  • Technological Advancements: The diamond jewelry market is affected by advancements in technology, particularly in areas such as diamond cutting and grading. Brands must adapt to stay competitive and meet changing consumer expectations.

Global Diamond Jewelry Market – Mergers and Acquisitions

  • De Beers’ Acquisition of Forevermark (2002): De Beers, one of the world’s leading diamond companies, launched the Forevermark brand as a subsidiary, focusing on the retail and promotion of responsibly sourced and meticulously selected diamonds.
  • Tiffany & Co.’s Acquisition by LVMH (2020): LVMH Moët Hennessy Louis Vuitton, a major luxury conglomerate, acquired Tiffany & Co., an iconic American luxury jewelry brand renowned for its diamond engagement rings. This acquisition strengthened LVMH’s position in the global luxury diamond jewelry market and broadened its portfolio of prestigious brands.
  • Blue Nile’s Acquisition by Bain Capital and Bow Street (2017): Blue Nile, a prominent online diamond retailer, was acquired by Bain Capital and Bow Street, marking a significant development in the online diamond jewelry market.
  • Harry Winston’s Acquisition by Swatch Group (2013): Swatch Group, a major Swiss watch and jewelry conglomerate, acquired Harry Winston, a renowned high-end jewelry brand known for its diamond jewelry collections. This acquisition allowed Swatch Group to expand its presence in the luxury diamond jewelry market.
  • Graff’s Acquisition of the 1,109-Carat Lesedi La Rona Diamond (2017): Graff Diamonds, a prestigious jewelry brand, acquired the exceptional 1,109-carat Lesedi La Rona diamond. This acquisition highlighted Graff’s commitment to sourcing and working with extraordinary diamonds.
  • Signet Jewelers’ Acquisition of James Allen (2017): Signet Jewelers, a leading specialty jewelry retailer, acquired James Allen, an e-commerce platform specializing in engagement rings and diamond jewelry. This acquisition expanded Signet’s presence in the online diamond jewelry market.
  • Richemont’s Acquisition of Buccellati (2019): Compagnie Financière Richemont, a luxury goods conglomerate, acquired Buccellati, an Italian high-end jewelry brand known for its intricate and detailed diamond jewelry designs. The acquisition allowed Richemont to expand its presence in the luxury diamond jewelry sector and enhance its portfolio of brands.
  • Tiffany & Co.’s Acquisition of Harry Winston’s Diamond Inventory (2013): Tiffany & Co. acquired the diamond inventory of Harry Winston, which included some of the world’s most exceptional diamonds. This acquisition bolstered Tiffany’s position as a premier luxury diamond jewelry brand.
  • Platinum Guild International’s Collaboration with Jeweler Alex Woo (2020): Platinum Guild International (PGI) partnered with jewelry designer Alex Woo to promote platinum diamond jewelry. Collaborations between industry associations and renowned designers help promote the use of precious metals like platinum in luxury diamond jewelry.
  • Chow Tai Fook’s Acquisition of Hearts On Fire (2014): Chow Tai Fook, a leading Hong Kong-based jewelry retailer, acquired Hearts On Fire, a high-end diamond jewelry brand known for its perfectly cut diamonds. This acquisition allowed Chow Tai Fook to diversify its product offerings and expand its presence in the luxury diamond jewelry market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Diamond Market Pearl Jewelry Market Jewelry Market
CAGR 5.5% (Approx) CAGR 12.9% (Approx) CAGR 4.6% (Approx)
USD 492.2 Billion by 2032 USD 24.37 Billion by 2032 USD 488.21 Billion by 2032

Challenges Impacting the Diamond Jewelry Market:

  • Economic Factors: Economic conditions and fluctuations can significantly affect the demand for diamond jewelry. During economic downturns or periods of economic uncertainty, consumers may reduce their spending on non-essential items, including high-end diamond jewelry.
  • Counterfeiting: The diamond jewelry market is particularly vulnerable to counterfeiting and the sale of counterfeit products. Counterfeit diamond jewelry can damage a brand’s reputation, lead to revenue loss, and erode consumer trust.
  • Raw Material Prices: The prices of diamonds and precious metals used in diamond jewelry can be subject to significant volatility. Fluctuations in raw material prices can impact production costs and influence product pricing.
  • Sustainability and Ethical Sourcing: As consumers become more conscientious about ethical and sustainable practices, diamond jewelry brands face pressure to source diamonds responsibly and adhere to environmental and ethical standards. Compliance with these standards can be challenging and costly.
  • Competitive Landscape: The diamond jewelry market is highly competitive, with both established and emerging brands vying for market share. Differentiating products and maintaining brand identity in a crowded market can be a constant challenge.
  • Cultural and Regional Preferences: Consumer preferences for diamond jewelry styles and designs can vary significantly across cultures and regions. Brands must adapt to meet diverse market demands and respect local customs and traditions.
  • Customs and Import Regulations: Diamond jewelry brands involved in international trade need to navigate complex customs and import regulations. Understanding and complying with these regulations is essential for seamless global operations.
  • Security: Ensuring the security of valuable diamond jewelry items during manufacturing, transportation, and retail environments is a critical challenge. Security measures must be robust to prevent theft and loss, given the high value of diamond jewelry.
  • Consumer Confidence: Building and maintaining consumer confidence in the authenticity, quality, and craftsmanship of diamond jewelry is crucial for the industry. Brands invest in quality control, grading, and certifications to assure consumers of the genuineness of their products.
  • Marketing and Promotion: Effective branding, marketing, and promotion are vital to the industry’s success. Diamond jewelry brands must continuously invest in marketing to remain top-of-mind for consumers and create brand appeal.
  • Investment Value: While diamonds are often considered an investment, market dynamics can affect the value of diamond assets. Brands must address concerns related to the fluctuating value of their products and help consumers understand the investment potential.
  • Sustainability and Environmental Regulations: Increasing emphasis on the impact of products on the environment and compliance with sustainability regulations adds complexity to diamond jewelry production. Meeting sustainability standards is an emerging concern, and brands need to adapt to eco-friendly practices.
  • Technological Advancements: The diamond jewelry market is affected by advancements in technology, particularly in areas such as diamond cutting, grading, and identification. Brands must adapt to stay competitive and meet changing consumer expectations.
  • Changing Consumer Behavior: Evolving consumer behavior, including the shift toward online shopping and digital experiences, can affect the traditional diamond jewelry retail model. Brands must adjust to cater to changing customer preferences and habits.
  • Supply Chain Challenges: Maintaining a secure and efficient supply chain is crucial for diamond jewelry brands. Delays, disruptions, or inconsistencies in the supply chain can impact production and availability of products.
  • Skilled Labor Shortages: Finding skilled artisans and craftsmen capable of working with diamonds is becoming more challenging. The industry must address labor shortages and invest in talent development and training to maintain quality craftsmanship.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 348.6 Billion
Projected Market Size in 2032 USD 492.2 Billion
Market Size in 2022 USD 336.7 Billion
CAGR Growth Rate 5.5% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product Type, End-User, Sales Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-wise Analysis:

By Product Type:

  • Diamond Rings: Rings feature diamonds as the primary gemstone, including engagement rings, wedding bands, and fashion rings.
  • Diamond Necklaces: Necklaces and pendants incorporating diamonds in various designs and settings.
  • Diamond Earrings: Earrings adorned with diamonds, including studs, hoops, and drop earrings.
  • Diamond Bracelets: Bracelets and bangles embellished with diamonds in different styles.
  • Diamond Watches: Luxury watches featuring diamond accents on the dial, bezel, or bracelet.
  • Others: Additional product types may include brooches, cufflinks, and customized diamond pieces.

Global Diamond Jewelry Market 2023–2032 (By Billion)

www.custommarketinsight.com

By End-User:

  • Men: Diamond jewelry designed for men, including diamond-studded cufflinks, rings, and bracelets.
  • Women: Diamond jewelry catering to women, including diamond necklaces, earrings, and bracelets.

By Sales Channel:

  • Online: Sales through e-commerce platforms and the brand’s official online stores.
  • Offline: Sales through physical brick-and-mortar stores, including standalone boutiques and luxury department stores.

Global Diamond Jewelry Market 2023–2032 (By End-User)

www.custommarketinsight.com

Diamond Jewelry Market – Regional Analysis:

North America:

  • United States: The United States is one of the largest markets for diamond jewelry, driven by a strong culture of gift-giving and a high level of disposable income. Engagement rings, in particular, are a significant part of the market.
  • Canada: Canada also has a well-established market for diamond jewelry, with a focus on diamond engagement rings and high-quality diamonds.

Europe:

  • Western Europe: Western European countries, including France, the UK, Italy, and Germany, are home to many iconic luxury jewelry brands. The market places a strong emphasis on classic and timeless diamond jewelry designs, with a focus on diamonds, precious metals, and artisanal craftsmanship.
  • Eastern Europe: Countries like Russia are experiencing growth in diamond jewelry consumption due to rising affluence. Russian consumers have a preference for diamonds and other precious gemstones.

Asia-Pacific:

  • China: China is one of the fastest-growing markets for diamond jewelry, driven by a growing middle class and an affinity for luxury brands. Diamond engagement rings and diamond-studded jewelry are popular among Chinese consumers.
  • India: India has a strong tradition of diamond and gemstone jewelry, with a blend of traditional and modern designs. Diamond jewelry, especially diamond necklaces and earrings, is a part of Indian weddings and special occasions.
  • Southeast Asia: Countries like Singapore, Malaysia, and Thailand have a burgeoning diamond jewelry market. The emphasis is on unique gemstone and diamond jewelry. Customization and personalization are key trends in the Southeast Asian market.

Latin America:

  • Brazil: Brazil is a significant market for diamond jewelry, with a focus on colored gemstones and diamonds, particularly emeralds and colored diamonds. Diamond jewelry is often part of Brazilian celebrations and festivities.
  • Mexico: Mexican jewelry brands are known for their intricate silver designs, combining traditional craftsmanship with contemporary styles. Diamond jewelry is also popular among consumers.

Middle East and Africa:

  • Middle East: The Middle East, including the United Arab Emirates, is known for its demand for high-end diamond jewelry, particularly among the affluent population. Consumers favor opulent and elaborate diamond jewelry designs, often featuring large and precious gemstones.
  • Africa: African countries, particularly South Africa, are known for their production of diamonds. The continent’s rich resources contribute to the availability of diamonds in the global market.

Oceania:

  • Australia: Australia has a growing market for diamond jewelry, and the country is known for its diamond production. High-quality white and pink diamonds are particularly sought after.

Global Diamond Jewelry Market 2023–2032 (By Sales Channel)

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List of the prominent players in the Diamond Jewelry Market:

  • De Beers
  • Tiffany & Co.
  • Cartier
  • Harry Winston
  • Graff
  • Chopard
  • Buccellati
  • Van Cleef & Arpels
  • Blue Nile
  • Kay Jewelers
  • Others

The Diamond Jewelry Market is segmented as follows:

By Cut

  • 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
  • Others

By Clarity

  • FL and IF
  • I (1/2/3)
  • VVS 1
  • VVS 2
  • VS 1
  • VS 2
  • SI 1
  • SI 2

By Color

  • Colorless (GRADE D/E/F)
  • Near Colorless (GRADE G/H/I/J)
  • Faint (K/L/M)
  • Very Light (GRADE N/O/P/Q/R)
  • Light (GRADE S/T/U/V/W/X/Y/Z)

By Carat

  • 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
  • 5.00 CT and Above

By End-User

  • Men
  • Women

By Sales Channel

  • Online
  • Offline

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Diamond Jewelry Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Diamond Jewelry Market: snapshot
  • Chapter 3. Global Diamond Jewelry Market – Industry Analysis
    • 3.1 Diamond Jewelry Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising Disposable Income
      • 3.2.2 Timeless Appeal
      • 3.2.3 Customization and Personalization
      • 3.2.4 Gift and Celebration Culture
      • 3.2.5 Popularity of Online Sales
      • 3.2.6 Sustainability and Ethical Practices
      • 3.2.7 Innovative Designs
      • 3.2.8 Brand Prestige and Legacy
      • 3.2.9 Investment Value
      • 3.2.10 Celebrity Endorsements
      • 3.2.11 Experiential Retail
      • 3.2.12 Consumer Confidence
      • 3.2.13 Cultural and Regional Preferences
      • 3.2.14 Customs and Import Regulations
      • 3.2.15 Security
      • 3.2.16 Marketing and Promotion
      • 3.2.17 Sustainability and Environmental Regulations And Technological Advancements.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product Type
      • 3.7.2 Market Attractiveness Analysis By End-User
      • 3.7.3 Market Attractiveness Analysis By Sales Channel
  • Chapter 4. Global Diamond Jewelry Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Diamond Jewelry Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Diamond Jewelry Market – Product Type Analysis
    • 5.1 Global Diamond Jewelry Market Overview: By Product Type
      • 5.1.1 Global Diamond Jewelry Market Share, By Product Type, 2022 and – 2033
    • 5.2 Diamond Rings
      • 5.2.1 Global Diamond Jewelry Market by Diamond Rings, 2024 – 2033 (USD Billion)
    • 5.3 Diamond Necklaces
      • 5.3.1 Global Diamond Jewelry Market by Diamond Necklaces, 2024 – 2033 (USD Billion)
    • 5.4 Diamond Earrings
      • 5.4.1 Global Diamond Jewelry Market by Diamond Earrings, 2024 – 2033 (USD Billion)
    • 5.5 Diamond Bracelets
      • 5.5.1 Global Diamond Jewelry Market by Diamond Bracelets, 2024 – 2033 (USD Billion)
    • 5.6 Diamond Watches
      • 5.6.1 Global Diamond Jewelry Market by Diamond Watches, 2024 – 2033 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Diamond Jewelry Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Diamond Jewelry Market – End-User Analysis
    • 6.1 Global Diamond Jewelry Market Overview: By End-User
      • 6.1.1 Global Diamond Jewelry Market Share, By End-User, 2022 and – 2033
    • 6.2 Men
      • 6.2.1 Global Diamond Jewelry Market by Men, 2024 – 2033 (USD Billion)
    • 6.3 Women
      • 6.3.1 Global Diamond Jewelry Market by Women, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Diamond Jewelry Market – Sales Channel Analysis
    • 7.1 Global Diamond Jewelry Market Overview: By Sales Channel
      • 7.1.1 Global Diamond Jewelry Market Share, By Sales Channel, 2022 and – 2033
    • 7.2 Online
      • 7.2.1 Global Diamond Jewelry Market by Online, 2024 – 2033 (USD Billion)
    • 7.3 Offline
      • 7.3.1 Global Diamond Jewelry Market by Offline, 2024 – 2033 (USD Billion)
  • Chapter 8. Diamond Jewelry Market – Regional Analysis
    • 8.1 Global Diamond Jewelry Market Regional Overview
    • 8.2 Global Diamond Jewelry Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Diamond Jewelry Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Diamond Jewelry Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Diamond Jewelry Market, by Product Type, 2024 – 2033
      • 8.4.1 North America Diamond Jewelry Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Diamond Jewelry Market, by End-User, 2024 – 2033
      • 8.5.1 North America Diamond Jewelry Market, by End-User, 2024 – 2033 (USD Billion)
    • 8.6 North America Diamond Jewelry Market, by Sales Channel, 2024 – 2033
      • 8.6.1 North America Diamond Jewelry Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Diamond Jewelry Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Diamond Jewelry Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Diamond Jewelry Market, by Product Type, 2024 – 2033
      • 8.8.1 Europe Diamond Jewelry Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Diamond Jewelry Market, by End-User, 2024 – 2033
      • 8.9.1 Europe Diamond Jewelry Market, by End-User, 2024 – 2033 (USD Billion)
    • 8.10 Europe Diamond Jewelry Market, by Sales Channel, 2024 – 2033
      • 8.10.1 Europe Diamond Jewelry Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Diamond Jewelry Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Diamond Jewelry Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Diamond Jewelry Market, by Product Type, 2024 – 2033
      • 8.12.1 Asia Pacific Diamond Jewelry Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Diamond Jewelry Market, by End-User, 2024 – 2033
      • 8.13.1 Asia Pacific Diamond Jewelry Market, by End-User, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Diamond Jewelry Market, by Sales Channel, 2024 – 2033
      • 8.14.1 Asia Pacific Diamond Jewelry Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Diamond Jewelry Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Diamond Jewelry Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Diamond Jewelry Market, by Product Type, 2024 – 2033
      • 8.16.1 Latin America Diamond Jewelry Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Diamond Jewelry Market, by End-User, 2024 – 2033
      • 8.17.1 Latin America Diamond Jewelry Market, by End-User, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Diamond Jewelry Market, by Sales Channel, 2024 – 2033
      • 8.18.1 Latin America Diamond Jewelry Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Diamond Jewelry Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Diamond Jewelry Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Diamond Jewelry Market, by Product Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Diamond Jewelry Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Diamond Jewelry Market, by End-User, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Diamond Jewelry Market, by End-User, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Diamond Jewelry Market, by Sales Channel, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Diamond Jewelry Market, by Sales Channel, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 De Beers
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Tiffany & Co.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Cartier
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Harry Winston
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Graff
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Chopard
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Buccellati
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Van Cleef & Arpels
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Blue Nile
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Kay Jewelers
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • De Beers
  • Tiffany & Co.
  • Cartier
  • Harry Winston
  • Graff
  • Chopard
  • Buccellati
  • Van Cleef & Arpels
  • Blue Nile
  • Kay Jewelers
  • Others

FAQs

The key factors driving the Market are Rising Disposable Income, Timeless Appeal, Customization and Personalization, Gift and Celebration Culture, Popularity of Online Sales, Sustainability and Ethical Practices, Innovative Designs, Brand Prestige and Legacy, Investment Value, Celebrity Endorsements, Experiential Retail, Consumer Confidence, Cultural and Regional Preferences, Customs and Import Regulations, Security, Marketing and Promotion, Sustainability and Environmental Regulations And Technological Advancements.

The “Diamond Necklaces” category dominated the market in 2022.

The key players in the market are De Beers, Tiffany & Co., Cartier, Harry Winston, Graff, Chopard, Buccellati, Van Cleef & Arpels, Blue Nile, Kay Jewelers, Others.

“Asia Pacific” had the largest share in the Diamond Jewelry Market.

The global market is projected to grow at a CAGR of 5.5% during the forecast period, 2023-2032.

The Diamond Jewelry Market size was valued at USD 348.6 Billion in 2023.

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