Editor’s Note
The global diamond jewelry market is on a steady growth trajectory, with projections indicating it will reach USD 437.2 billion by 2030. This analysis highlights the significant contribution of specific diamond cuts, particularly the round brilliant, to this expansion.
The global diamond jewelry market, estimated at USD 358.1 billion in 2024, is projected to grow at a CAGR of 3.4% from 2024 to 2030, reaching USD 437.2 billion by 2030. One of the segments analyzed in the report, round brilliant cut diamonds, is forecast to record a CAGR of 4.3% and reach USD 103.7 billion by the end of the analysis period. The growth rate for the princess cut diamond segment is estimated at a CAGR of 3.5% over the analysis period.
The US diamond jewelry market is estimated at USD 97.6 billion in 2024. China, the world’s second-largest economy, is forecast to reach a market size of USD 87.4 billion by 2030, with a CAGR of 6.4% over the 2024-2030 analysis period. Other notable geographic markets include Japan and Canada, each forecast to grow at CAGRs of 1.3% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at a CAGR of approximately 1.9%.
The growth of the diamond jewelry market is driven by several factors, including rising disposable incomes, the expansion of e-commerce, and increasing consumer demand for ethically sourced diamonds. Diamond jewelry holds strong cultural significance for weddings, engagements, and special occasions, which continues to support market demand. Advancements in jewelry manufacturing technologies, such as CAD and 3D printing, enable cost-effective and highly customizable designs, attracting a broader consumer base. The growing preference for lab-grown diamonds offers a sustainable and affordable alternative to natural diamonds, expanding market opportunities. Furthermore, strategic collaborations with fashion influencers, luxury brands, and digital marketing campaigns are expanding brand reach and boosting consumer interest and sales. The increasing penetration of AI and AR in jewelry retail spaces further enhances the customer shopping experience, ensuring the market’s continued expansion.
