Enhanced with market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights, The Business Research Company’s 2026 market reports deliver more actionable and strategically valuable research.
Diamond Market Forecast: What Market Value Is Expected By 2030?
The diamond market size has demonstrated consistent expansion in recent years. It is anticipated to increase from $1.39 billion in 2025 to $1.45 billion in 2026, achieving a compound annual growth rate (CAGR) of 4.7%. The historical growth can be attributed to various factors such as the expansion of global jewelry consumption, the growth in industrial cutting and drilling applications, the availability of natural diamond reserves, the development of large-scale mining operations, and a rising consumer preference for certified diamonds.
The diamond market is poised for robust expansion over the coming years, with its valuation expected to reach $1.84 billion by 2030, driven by a compound annual growth rate (CAGR) of 6.1%. This projected growth throughout the forecast period stems from several factors, including the escalating demand for lab-grown diamond options, the increasing integration of diamonds into advanced manufacturing tools, the spread of blockchain-based systems for diamond traceability, a heightened emphasis on environmentally sound mining practices, and a growing industrial need for precision tools. Significant trends anticipated during this period encompass the rising adoption of ethical diamond extraction methods, a greater reliance on traceability and certification systems, the advancement of automated diamond processing, an expanding demand for industrial diamond applications, and an intensified focus on sustainable mining activities.
Download A Free Sample Report For Comprehensive Market Insights:
Diamond Market Growth Momentum: Which Factors Are Influencing Demand?
The expanding e-commerce and online retail industry is anticipated to boost the diamond market’s growth in the future. E-commerce involves the internet-based exchange of goods and services. Through e-commerce, diamond retailers can access a worldwide customer base, offer a convenient shopping journey, simplify product comparison, enable customization, ensure secure transactions, provide reviews and ratings, enhance accessibility, establish transparent return policies, and optimize diamond inventory management to prevent overstocking or stockouts. For instance, data from census.gov, a US official website for demographic and economic statistics, indicated that in September 2023, retail trade sales saw an increase of 0.6% (0.5) compared to July 2023, and a 1.6 % (0.5) rise from 2022. Additionally, the United States Census Bureau reported in August 2023 that e-commerce estimates for the second quarter of 2023 advanced by 7.5% (or 1.4%) when measured against the second quarter of 2022, while overall retail sales grew by 0.6% (or 0.4%). Online stores accounted for 15.4% of all sales during the second quarter of 2023. Consequently, the expanding e-commerce and online retailing sector is a key driver for the growth of the diamond market.
Diamond Market Segment Outlook: Which Categories Are Expanding The Fastest?
The diamond market covered in this report is segmented –
1) By Type: Gem-Grade Diamonds, Industrial-Grade Diamonds
2) By Mining Type: Underground Mining, Surface Mining
3) By Application: Jewelry Manufacturing, Industrial Applications
Subsegments:
1) By Gem-Grade Diamonds: High-Clarity Diamonds, Medium-Clarity Diamonds, Low-Clarity Gem Diamonds, Colorless Diamonds, Near-Colorless Diamonds, Fancy-Color Diamonds
2) By Industrial-Grade Diamonds: Abrasive-Grade Diamonds, Crushing And Milling-Grade Diamonds, Drilling-Grade Diamonds, Sawing And Cutting-Grade Diamonds, Polishing-Grade Diamonds
Diamond Market Trends Reshaping Industry Growth
Leading companies in the diamond market are innovating by developing new products, such as lab-grown diamonds, to secure a competitive edge. Lab-grown diamonds are created in a laboratory environment, distinct from those formed through natural geological processes. For instance, in August 2023, Pandora A/S, a jewelry manufacturer based in Denmark, launched its collections named pandora nova, pandora era, and pandora talisman. The lab-grown diamonds featured in these collections are set in sterling silver or 14k white or yellow gold, and they possess the same characteristics as mined diamonds in terms of color, cut, clarity, and carat. These collections are designed for wider availability and affordability, exhibiting high-quality craftsmanship. The introduction of these lines aligns with Pandora’s ambition to democratize diamonds through ethical and environmentally sound practices. The company’s objective is to provide excellent, reasonably priced jewelry that minimizes negative environmental impact.
Diamond Market Key Companies And Competitive Benchmarking
Major companies operating in the diamond market are Anglo American plc, ALROSA PJSC, Rio Tinto plc, Lucara Diamond Corporation, Petra Diamonds Limited, Gem Diamonds Limited, Mountain Province Diamonds Inc., Stornoway Diamond Corporation, Koidu Limited, Williamson Diamonds Limited, Catoca Mining Company, Debswana Diamond Company, Murowa Diamonds Private Limited, RZM Murowa Proprietary Limited, Luele Mining Company, Sociedade Mineira de Catoca, Namdeb Diamond Corporation, Okavango Diamond Company, Marange Resources Private Limited, Letšeng Diamonds Limited
Access The Complete Diamond Market Report:
Diamond Market Geographic Analysis: Where Is Demand Growing The Fastest?
Africa was the largest region in the diamond market in 2025. The regions covered in the diamond market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.