[Latest] Global Diamond Jewelry Market Size/Share Worth USD

Austin, TX, USA, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Diamond Jewelry Market Size, Trends and Insights By Product Type (Diamond Rings, Diamond Necklaces, Diamond Earrings, Diamond Bracelets, Diamond Watches, Others), By End-User (Men, Women), By Sales Channel (Online, Offline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Diamond Jewelry Market size & share was valued at approximately USD 336.7 Billion in 2022 and is expected to reach USD 348.6 Billion in 2023 and is expected to reach a value of around USD 492.2 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.5% during the forecast period 2023 to 2032.”

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Diamond Jewelry Market: Growth Factors and Dynamics:

Evolving Consumer Preferences: The diamond jewelry market thrives on evolving consumer preferences, with a significant demand for exquisite and luxurious pieces that signify both status and sentiment.

Gifts and Celebrations: Diamond jewelry remains a popular choice for special occasions and gifts, making it a symbol of love, commitment, and celebration.

Branding and Customization: Renowned jewelry brands and the trend of personalized and customized pieces continue to drive the market, offering consumers unique and meaningful choices.

Social Media and Influencers: Social media and celebrity endorsements play a crucial role in influencing consumer choices, showcasing the latest diamond jewelry trends and designs.

Sustainability and Ethical Sourcing: An increasing awareness of environmental and ethical concerns has led to a demand for sustainably sourced and responsibly produced diamond jewelry.

Investment and Resale Value: Some consumers view diamond jewelry as an investment, and the potential for resale or heirloom value adds to its attractiveness.

Emerging Markets: Growing economies with rising disposable incomes, such as in Asia and the Middle East, have become significant contributors to the global diamond jewelry market.

Technological Advancements: Innovations in diamond cutting and setting techniques enhance the aesthetics and affordability of diamond jewelry.

Digital Retailing: Online platforms provide consumers with a convenient way to explore, compare, and purchase diamond jewelry, expanding market reach.

Bridal Jewelry: Engagement rings and wedding bands continue to be a cornerstone of the diamond jewelry market, with couples seeking the perfect symbol of their commitment.

Colored Diamonds: Beyond traditional white diamonds, the market sees growth in colored diamonds, including fancy colored diamonds and unique gemstone combinations.

Cultural Significance: In various cultures, diamond jewelry holds deep symbolic and traditional significance, driving continued demand.

Corporate Gifting: Diamond jewelry remains a choice for corporate gifting, recognizing achievements and strengthening business relationships.

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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	2022
Forecast Period	2023-2032
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.

(A free sample of the Diamond Jewelry report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Diamond Jewelry report has been modified to include the COVID-19 impact study prior to delivery.)

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Diamond Jewelry Market: COVID-19 Analysis:

Disrupted Supply Chains: The COVID-19 pandemic disrupted the global supply chain for the diamond jewelry market, affecting the production and distribution of both raw materials and finished products. This led to delays and increased lead times.

Decline in Consumer Confidence: The economic uncertainty caused by the pandemic resulted in decreased consumer confidence, impacting the willingness to make high-end luxury purchases like diamond jewelry.

Restrictions on Celebrations and Gatherings: Lockdowns and restrictions on social gatherings and celebrations affected the demand for diamond jewelry used for special occasions like weddings and anniversaries.

Shift to E-Commerce: The pandemic accelerated the shift to online retail, with more consumers opting for digital platforms to purchase diamond jewelry, while traditional brick-and-mortar stores faced challenges.

Resilience in Gifting: Despite challenges, diamond jewelry maintained its popularity as a gift for meaningful occasions, with consumers valuing the sentiment and lasting value of these items.

Sustainability and Ethical Sourcing: The pandemic highlighted the importance of ethical and sustainable sourcing for diamond jewelry, as consumers became more conscientious about the origins of their purchases.

Resilience in Bridal Market: Bridal jewelry, including engagement rings and wedding bands, remained a relatively stable segment within the market, as couples continued to celebrate milestones and commitment.

Consumer Shifts: There was a notable shift in consumer preferences, with an increased interest in vintage and classic designs, as well as a focus on smaller, more affordable pieces.

Jewelry Brand Adaptation: Established jewelry brands adapted to the changing market landscape by enhancing their digital presence and offering virtual consultations.

Surge in Self-Purchase: Some consumers turned to self-purchase, treating themselves to diamond jewelry as a form of self-expression and self-reward.

Recovery and Future Growth: As economies recovered and restrictions eased, the diamond jewelry market witnessed a resurgence, with pent-up demand for luxury items driving growth.

Resurgence in Emerging Markets: Emerging markets played a crucial role in the recovery of the diamond jewelry market, as economic stability returned to many regions.

Renewed Focus on Quality and Craftsmanship: Consumers’ emphasis on quality and craftsmanship in diamond jewelry led to a renewed interest in high-end, well-crafted pieces.

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Key questions answered in this report:

What is the size of the Diamond Jewelry market and what is its expected growth rate?
What are the primary driving factors that push the Diamond Jewelry market forward?
What are the Diamond Jewelry Industry's top companies?
What are the different categories that the Diamond Jewelry Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Diamond Jewelry market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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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

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Browse the full “Diamond Jewelry Market Size, Trends and Insights By Product Type (Diamond Rings, Diamond Necklaces, Diamond Earrings, Diamond Bracelets, Diamond Watches, Others), By End-User (Men, Women), By Sales Channel (Online, Offline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/diamond-jewelry-market/

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.

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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

Click Here to Get a Free Sample Report of the Global Diamond Jewelry Market @ https://www.custommarketinsights.com/report/diamond-jewelry-market/

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

This Diamond Jewelry Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Diamond Jewelry Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Diamond Jewelry Market? What Was the Capacity, Production Value, Cost and PROFIT of the Diamond Jewelry Market?
What Is the Current Market Status of the Diamond Jewelry Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Diamond Jewelry Market by Considering Applications and Types?
What Are Projections of the Global Diamond Jewelry Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Diamond Jewelry Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Diamond Jewelry Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Diamond Jewelry Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Diamond Jewelry Industry?

Click Here to Access a Free Sample Report of the Global Diamond Jewelry Market @ https://www.custommarketinsights.com/report/diamond-jewelry-market/

Reasons to Purchase Diamond Jewelry Market Report

Diamond Jewelry Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Diamond Jewelry Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Diamond Jewelry Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Diamond Jewelry Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Diamond Jewelry market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Diamond Jewelry market analysis.

The competitive environment of current and potential participants in the Diamond Jewelry market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Diamond Jewelry market should find this report useful. The research will be useful to all market participants in the Diamond Jewelry industry.
Managers in the Diamond Jewelry sector are interested in publishing up-to-date and projected data about the worldwide Diamond Jewelry market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Diamond Jewelry products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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