Diamond Market Demand, Key Players, Trends & Forecast, 2021–2032
The diamond market is a global industry that plays a significant role in the jewelry and luxury goods sectors. This article provides an overview of the diamond market, highlighting the drivers, restraints, and statistics from government organizations. Diamonds are precious gemstones that are highly valued for their beauty, durability, and rarity. The diamond market encompasses various aspects, including diamond mining, trading, cutting, and jewelry manufacturing. The global diamond market size was USD 97.10 Billion in 2022 and is expected to register a revenue CAGR of 3.0% during the forecast period, according to latest analysis by Emergen Research. It is driven by several factors, one of which is the increasing demand for diamonds in the jewelry industry. Diamonds are widely used in engagement rings, necklaces, earrings, and other luxury accessories, symbolizing love, status, and elegance. The growing middle class in emerging economies, such as China and India, has contrib...