Diamond Market Analysis, Size, and Forecast 2026-2030:
APAC (China, India, and Japan), North America (US, Canada, and Mexico), Europe (UK, Germany, and France), Middle East and Africa (UAE, Saudi Arabia, and Israel), South America (Brazil and Argentina), and Rest of World (ROW)

Diamond Market Size 2026-2030

The diamond market size is valued to increase by USD 53.38 billion, at a CAGR of 8.6% from 2025 to 2030. Proliferation of lab-grown diamonds and subsequent market bifurcation will drive the diamond market.

Major Market Trends & Insights

• APAC dominated the market and accounted for a 34.3% growth during the forecast period.
• By Application - Jewelry making segment was valued at USD 73.12 billion in 2024
• By Type - Natural segment accounted for the largest market revenue share in 2024

Market Size & Forecast

• Market Opportunities: USD 82.60 billion
• Market Future Opportunities: USD 53.38 billion
• CAGR from 2025 to 2030 : 8.6%

Market Summary

• The diamond market is navigating a period of profound structural change defined by a fundamental bifurcation between natural and lab-grown diamonds (LGDs). The maturation of LGD production technologies like chemical vapor deposition (CVD) has introduced a highly accessible product, altering consumer demographics and expanding the overall addressable market, particularly in fashion jewelry.
• This dynamic has compelled the natural diamond sector to intensify its focus on provenance and ethical sourcing as key differentiators. For instance, a luxury jewelry consortium might implement a mandatory blockchain ledger system for all its suppliers.
• This business scenario requires every participant, from mining operators to polishing facilities, to adopt new protocols for mine-to-market traceability to ensure supply chain transparency and meet both regulatory mandates and consumer expectations for conflict-free diamonds.
• This push for verifiable data, supported by technologies such as microscopic laser inscriptions, is redefining the value proposition of natural stones, anchoring it to rarity, heritage, and demonstrable responsibility. Simultaneously, the industry is grappling with geopolitical complexity and the challenge of maintaining brand equity amid price erosion, forcing a strategic pivot toward experiential retail and sophisticated marketing narratives.

What will be the Size of the Diamond Market during the forecast period?

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How is the Diamond Market Segmented?

The diamond industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.

By Application Insights

The jewelry making segment is estimated to witness significant growth during the forecast period.

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The Jewelry making segment was valued at USD 73.12 billion in 2024 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 34.3% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The geographic landscape is defined by contrasts, from major diamond mining and diamond exploration hubs to centers of consumption.

Regions in Africa are advancing beneficiation policy to capture more value from rough diamond sales, which now account for over 60% of their sector exports. Meanwhile, trade in B2B diamond bourses in APAC and the Middle East continues to dominate.

Asset diversification is also influencing regional strategies, with a growing focus on industrial diamonds.

The use of diamond heat sink technology and single-crystal diamond wafers for wide-bandgap semiconductor applications is a key growth area, with R&D in this sector showing a 2x increase in funding in some specialized economic zones.

Market Dynamics

Our researchers analyzed the data with 2025 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

• The global diamond market is undergoing a significant transformation, with several interconnected factors shaping its future. The lab-grown impact on natural diamond prices continues to be a central issue, forcing a re-evaluation of marketing strategies for natural diamonds to emphasize rarity and heritage.
• Concurrently, blockchain technology for diamond traceability is becoming an industry standard, addressing both consumer demands and the G7 sanctions on Russian diamonds' impact. This push for transparency is supported by new methods for ethical diamond sourcing certification. The growth of the female self-purchase market is also creating new demand, shifting the focus beyond the traditional bridal segment.
• This market bifurcation trends are compelling jewelers to adopt a sophisticated omnichannel retail strategy. From a technological standpoint, the future of diamond mining technology is focused on efficiency and sustainability, while CVD diamond technological advancements are expanding the industrial applications of synthetic diamonds. The unique properties of a diamond as a semiconductor material are opening new frontiers.
• Navigating these dynamics requires a deep understanding of consumer perception of synthetic diamonds and the investment potential of fancy colored diamonds. Successfully differentiating natural vs.
• lab-grown diamonds while addressing lab-grown diamond sustainability claims and managing diamond supply chain challenges will be critical for all market participants, with firms that master experiential luxury trends in jewelry seeing customer retention rates that are nearly double those of their peers.

What are the key market drivers leading to the rise in the adoption of Diamond Industry?

• The proliferation of lab-grown diamonds is a key market driver, creating a bifurcation that expands consumer access and forces innovation across both the synthetic and natural diamond sectors.

• The intensifying demand for provenance and ethical sourcing is a primary market driver. Evolving consumer demographics, including the rise of the female self-purchaser, prioritize sustainable luxury and conflict-free diamonds.
• This has forced the natural diamond sector to invest in supply chain accountability, with some firms seeing a 30% improvement in traceability.
• Technologies like blockchain ledgers and microscopic laser inscriptions are now crucial for providing the diamond certification necessary to assure heirloom quality.
• This shift toward radical transparency meets the demands of a new generation of buyers, strengthening the long-term desirability of verifiably sourced gems.

What are the market trends shaping the Diamond Industry?

• The mainstreaming of lab-grown diamonds as a distinct and permanent product category, rather than a mere alternative, is reshaping the market. This evolution is driven by technological advancements and widespread retail adoption, fundamentally altering industry dynamics.

• The definitive mainstreaming of lab-grown diamonds (LGD) is creating a distinct market bifurcation. Advances in diamond technology innovation, specifically chemical vapor deposition (CVD) and high-pressure high-temperature (HPHT) methods, have improved the output of gem-quality diamonds for jewelry making.
• This has solidified the value proposition of the synthetic diamond as a form of modern luxury, with adoption in fashion jewelry growing by over 40%. The evolving retail infrastructure now fully supports this category, boosting consumer confidence. This trend has resulted in a 25% increase in product options for consumers seeking accessible luxury goods.

What challenges does the Diamond Industry face during its growth?

• Sustained price erosion and a resulting crisis in value perception for natural diamonds, driven by competition from lab-grown alternatives, pose a fundamental challenge to the industry's traditional economic model.

• The market faces significant challenges from price erosion and a crisis in value perception, leading to the commoditization of certain diamond categories. Geopolitical complexity has disrupted the B2B diamond trade, impacting the flow of rough diamonds and polished diamonds and creating operational hurdles that can increase costs by up to 15%. This has put pressure on the diamond price index.
• Traditional safeguards like the Kimberley Process are now seen as insufficient, while weakened discretionary spending further complicates matters. In this environment, maintaining brand equity is a primary defense against these pressures, requiring sophisticated strategies to engage consumers.

Exclusive Technavio Analysis on Customer Landscape

The diamond market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the diamond market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape of Diamond Industry

Competitive Landscape

Companies are implementing various strategies, such as strategic alliances, diamond market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

ALROSA PJSC - A vertically integrated portfolio in the natural diamond sector, offering mined rough, polished stones, and exclusive jewelry collections with investment-grade gems.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ALROSA PJSC
• Blue Nile Inc.
• Burgundy Diamond Mines
• De Beers Corp.
• Gem Diamonds Ltd
• Harry Winston Inc.
• Jewelers
• Lucara Diamond Corp.
• LVMH Moet Hennessy
• Mountain Province Diamonds
• Petra Diamonds Ltd
• Pure Grown Diamonds
• Rapaport Group
• Rio Tinto Ltd.
• Signet Jewelers Ltd.
• Swarovski AG
• Tiffany and Co
• VRAI

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Diamond market

• In September 2024, Signet Jewelers Ltd. announced a strategic expansion of its lab-grown diamond offerings across all its banner stores, including Kay Jewelers and Zales, coupled with a USD 50 million marketing campaign to promote the value and versatility of synthetic diamonds for fashion jewelry.
• In November 2024, LVMH Moet Hennessy announced the full integration of its Aura Blockchain Consortium platform for all diamonds sold through its Tiffany and Co. and Bulgari brands, providing customers with an immutable digital certificate of provenance.
• In January 2025, De Beers Corp. launched a pilot program in Botswana for its 'Tracr' blockchain platform, aimed at providing end-to-end traceability for every rough diamond extracted from its Jwaneng mine, with plans for full rollout by 2026.
• In April 2025, VRAI, a direct-to-consumer lab-grown diamond jewelry brand, announced the creation of a new B2B division, 'VRAI Tech,' to supply single-crystal diamond wafers for the semiconductor and advanced electronics industries, leveraging its zero-emission production process.

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Diamond Market insights. See full methodology.

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Research Analyst Overview

• The diamond market is undergoing a structural realignment driven by technological innovation and evolving consumer values. The proliferation of lab-grown diamonds (LGDs), produced via methods like chemical vapor deposition (CVD) and high-pressure high-temperature (HPHT), has created a market bifurcation. This forces a clear distinction between the value proposition of a natural diamond and a synthetic diamond.
• The industry is responding by emphasizing provenance and ethical sourcing, with mine-to-market traceability becoming a critical component for all gem-quality diamonds. Firms are heavily investing in blockchain ledgers and microscopic laser inscriptions to ensure supply chain transparency, a move that has improved compliance reporting efficiency by over 30%.
• This focus on verifiable diamond grading according to the 4Cs of diamond quality is essential for luxury goods. Beyond jewelry making, the use of industrial diamonds, particularly single-crystal diamond wafers as a wide-bandgap semiconductor, highlights a significant growth vector. This requires managing geopolitical complexity while navigating the ongoing price erosion in commercial categories of polished diamonds.

What are the Key Data Covered in this Diamond Market Research and Growth Report?

• What is the expected growth of the Diamond Market between 2026 and 2030?

  • USD 53.38 billion, at a CAGR of 8.6%

• What segmentation does the market report cover?

  • The report is segmented by Application (Jewelry making, and Industrial applications), Type (Natural, and Synthetic), Distribution Channel (B2C, and B2B) and Geography (APAC, North America, Europe, Middle East and Africa, South America)

• Which regions are analyzed in the report?

  • APAC, North America, Europe, Middle East and Africa and South America

• What are the key growth drivers and market challenges?

  • Proliferation of lab-grown diamonds and subsequent market bifurcation, Price erosion and value perception crisis in natural diamond sector

• Who are the major players in the Diamond Market?

  • ALROSA PJSC, Blue Nile Inc., Burgundy Diamond Mines, De Beers Corp., Gem Diamonds Ltd, Harry Winston Inc., Jewelers, Lucara Diamond Corp., LVMH Moet Hennessy, Mountain Province Diamonds, Petra Diamonds Ltd, Pure Grown Diamonds, Rapaport Group, Rio Tinto Ltd., Signet Jewelers Ltd., Swarovski AG, Tiffany and Co and VRAI

Market Research Insights

• The market's momentum is increasingly shaped by a focus on sustainable luxury and the growing influence of the female self-purchaser. This has elevated the importance of brand equity, with firms that build narratives around heirloom quality and ethical production seeing customer loyalty rates up to 20% higher than competitors.
• The bifurcation of the market between natural and lab-grown stones is sharpening, with consumer confidence in synthetic fashion jewelry growing rapidly. This trend is supported by an expanding retail infrastructure, where omnichannel strategies that integrate digital commerce with physical stores are proving essential for capturing discretionary spending.
• Companies that provide robust diamond certification and ensure supply chain accountability are better positioned to navigate complex industry regulations, mitigating compliance risks by over 50% compared to those with opaque operations.

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