Editor’s Note
This article outlines the projected growth trajectory of the global diamond market, driven by luxury demand, sustainability trends, and the rise of lab-grown stones.
The global diamond market size was USD 108.69 billion in 2025 and is expected to reach USD 112.42 billion in 2026, USD 116.28 billion in 2027, and further expand to reach USD 152.29 billion by 2035, representing a growth rate of 3.43% during the forecast period. The growing demand for luxury products, a higher preference for sustainability at nearly 42%, and the increasing adoption of synthetic stones at over 39% continue to shape the market’s long-term expansion.
The US diamond market is experiencing steady growth, driven by strong spending habits, with over 45% of consumers prioritizing high-end jewelry purchases. The demand for lab-grown diamonds in the US has increased by nearly 52%, significantly influencing the overall market structure. Furthermore, online jewelry sales have increased by over 38%, supported by digital customization and transparency tools. Industrial use of diamonds is also on the rise, contributing to about 23% of domestic consumption.
Market Size:
The market reached USD 108.69 billion in 2025, USD 112.42 billion in 2026, and USD 152.29 billion in 2035, representing a 3.43% growth.
Growth Drivers:
Preference for sustainability exceeds 42%, while adoption of lab-grown products exceeds 39%, thereby strengthening both premium and affordable segments in global markets.
Trends:
Digital jewelry sales increase by 38%, ethical sourcing influences 41% of buyers, and high-end custom creations show 26% higher demand.
Key Players:
De Beers Group, ALROSA, Rio Tinto, Petra Diamonds, Brilliant Earth, and more.
Regional Insights:
North America holds 32%, driven by 44% luxury demand; Europe accounts for 27% with 40% preference for sustainability; Asia-Pacific captures 28% supported by 49% wedding purchases; Middle East & Africa hold 13%, with 34% premium preference and 45% mining contribution.
Challenges:
Natural supply drops by 16%, competitive pressure affects 35% of buyers, and price fluctuations impact nearly 22% of market players.
Industry Impact:
Sustainability drives 42% of decisions, digital adoption increases by 38%, and product innovation improves brilliance rates by 27%.
Recent Developments:
Blockchain traceability increases by 40%, lab-grown portfolios grow by 37%, and advanced diamond cuts improve performance by 29%.
The diamond market is evolving through technological innovation, sustainability-focused purchasing, and growing interest in lab-grown alternatives. Consumer preference for traceability has increased by over 47%, reshaping sourcing and certification frameworks. High-end jewelry remains the primary driver, influencing nearly 72% of global demand. Industrial applications are gaining relevance, contributing about 28% to total consumption due to advances in electronics and manufacturing. This dynamic environment continues to redefine competitive strategies and global value chains.
The diamond market is undergoing significant transformation due to evolving consumer behavior, increasing adoption of lab-grown diamonds, and rising demand in luxury and industrial sectors. Natural diamond purchases have seen progressive diversification, with nearly 45% of global buyers preferring ethically sourced stones, reflecting growing sustainability awareness. Synthetic diamonds continue to reshape the competitive landscape, recording adoption growth of over 35%, primarily due to improved quality and strong value perception. Bridal jewelry remains the leading application segment, accounting for nearly 50% of diamond consumption, supported by growing customization trends.
Furthermore, online diamond sales have increased by over 40%, as digital platforms gain consumer trust through certification transparency and virtual try-on tools. Industrial use of diamonds is also increasing, with about 30% of overall demand attributed to cutting, drilling, and electronics applications, supported by technological advancements and higher precision requirements. Luxury brands are strengthening market dynamics, with high-end diamond jewelry purchases rising by nearly 25%, particularly in emerging markets where affluent consumer bases continue to expand. Together, these trends highlight a market evolving through innovation, sustainability, and premiumization.
OPPORTUNITY
Expansion of sustainable and traceable diamonds
