Diamond Jewelry Market Forecast 2025-2030: Lab-Grown Diamonds Propel Sustainability and Affordability
Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "Diamond Jewelry Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to ResearchAndMarkets.com's offering.The Diamond Jewelry Market was valued at USD 356.04 Billion in 2024, and is expected to reach USD 478.81 Billion by 2030, rising at a CAGR of 5.22%. The Diamond Jewelry market is influenced by the rising disposable incomes and changing consumer preferences, especially in emerging markets. Increased awareness and acceptance of diamond jewelry as a symbol of status, love, and luxury continue to fuel its popularity. Technological advancements, such as the rise of lab-grown diamonds, have also played a significant role by offering more affordable and sustainable alternatives. Also, evolving fashion trends, particularly in bridal and personalized jewelry, have expanded the appeal of diamond jewelry across various age groups. Retail innovation, including online platforms and customization options, has made diamond jewelry more accessible to a global audience. Also, the growing demand for eco-friendly and ethically sourced diamonds has contributed to market growth, as consumers prioritize sustainability in their purchasing decisions.Key Market Drivers
Rising Disposable IncomesRising disposable incomes are a key driver of the diamond jewelry market. As economies grow and individuals experience increased financial stability, they have more discretionary spending power, enabling them to indulge in luxury items like diamond jewelry. As a part of this, according to a recent study, as of 2024, the United States' disposable personal income rose by 0.3 percent compared to the previous month. This trend is particularly notable in emerging markets, where a growing middle class is becoming more financially secure.The desire for status symbols, such as diamonds, often correlates with higher incomes, as people are more willing to invest in premium goods that reflect their success and wealth. Hence, as consumers experience improved financial well-being, they seek to reward themselves and mark important milestones, such as engagements, anniversaries, and celebrations, with valuable jewelry. The global rise in wealth is thus expanding the market for diamond jewelry, making it more accessible to a wider range of customers across different regions.Increasing Strategy Adopted by Key PlayersThe growing numbers of strategy adopted by major players to strengthen its foothold in the market to better serve the customers is likely to fuel its market growth in the future. As a part of this, in August 2024, Tanishq, India's biggest jewelry retail brand from the Tata group, and De Beers Group, the world's top diamond company, announced a long-term strategic partnership to increase the growing opportunity in the Indian market and introduce more Indian consumers to the rarity and value of natural diamonds. Due to a thriving economy, a growing middle class, and discriminating buyers looking for jewelry with lasting value, Indian consumers' demand for natural diamond jewelry has increased recently and now accounts for 11% of global demand. India is now the world's second-largest market for natural diamond jewelry, surpassing China in the process.Technological AdvancementTechnological advancements in diamond production, particularly the development of lab-grown diamonds, have significantly impacted the diamond jewelry market. Lab-grown diamonds are created using high-pressure, high-temperature (HPHT) or chemical vapor deposition (CVD) methods, replicating the natural diamond formation process. These diamonds are virtually identical to natural ones in appearance, chemical composition, and physical properties but are more affordable due to lower production costs.This makes diamond jewelry more accessible to a broader range of consumers. Also, lab-grown diamonds offer a sustainable and eco-friendly alternative to mined diamonds, which can involve harmful environmental and ethical concerns. As consumer awareness of sustainability grows, many are increasingly opting for lab-grown diamonds, which align with their environmental values. This shift is broadening the appeal of diamond jewelry, especially among younger generations who prioritize ethical and green choices.Key Market Challenges
Fluctuating Prices of DiamondsThe fluctuating diamond prices present a significant challenge to the diamond jewelry industry. Prices can be highly volatile due to several factors. First, the supply of natural diamonds is influenced by mining production, which can fluctuate based on discoveries, extraction costs, and regulatory changes in mining regions. Secondly, market demand plays a crucial role; economic downturns or changing consumer preferences can cause demand to dip, leading to price declines. Conversely, surges in demand can drive prices up. As a result, businesses must carefully navigate these dynamics to maintain profitability and customer trust.Ethical & Environmental ConcernThe mining of natural diamonds has long been associated with significant ethical and environmental concerns. Mining operations can cause deforestation, soil erosion, water pollution, and habitat destruction. Also, labor issues, such as exploitative working conditions and human rights abuses, are prevalent in some mining regions. These concerns have led to increasing demand for ethically sourced and sustainable diamonds. As a result, consumers are becoming more aware of these issues and are seeking alternatives like lab-grown diamonds, which are produced in controlled environments without the environmental damage associated with traditional mining. As ethical and environmental awareness grows, the industry is under pressure to evolve towards more responsible practices.Key Market Trends
Personalization & CustomizationPersonalization and customization in diamond jewelry have become significant trends, as consumers increasingly seek unique pieces that reflect their individuality. Advances in technology, such as 3D design tools and CAD software, allow customers to collaborate with jewelers to create bespoke designs, whether for engagement rings, anniversary gifts, or other milestones. This trend is driven by the desire for one-of-a-kind jewelry that holds personal meaning, whether through engraving, selecting specific diamonds, or incorporating gemstones with sentimental value. Customization also enables consumers to choose materials, settings, and designs that suit their tastes and lifestyle. With the rise of online platforms offering virtual consultations and design services, personalized diamond jewelry has become more accessible, allowing for a truly individualized experience and strengthening emotional connections to the pieces.Rising Popularity of Coloured Diamonds & GemstonesColored diamonds and gemstones are becoming increasingly popular in diamond jewelry, offering a vibrant and unique alternative to traditional white diamonds. Colored diamonds, including blue, pink, green, and even black, are valued for their rarity and captivating hues. These diamonds can be used as center stones in engagement rings, earrings, and necklaces, adding an extra layer of sophistication and individuality. Also, gemstones like sapphires, emeralds, and rubies are often paired with diamonds to create eye-catching designs. These colourful accents bring depth and personality to jewelry, making pieces stand out. This trend also aligns with the growing preference for unconventional and personalized designs in the jewelry market.Rising Trend of Stackable & Layered JewelryStackable and layered jewelry has become a prominent trend, allowing individuals to create personalized, dynamic looks by mixing and matching diamond rings, bracelets, necklaces, and earrings. This trend emphasizes versatility and self-expression, as consumers can combine different styles, metals, and diamond shapes to curate a unique look. Stackable rings, for instance, can be worn in various combinations across fingers, while layered necklaces allow for creative pairings of different lengths and styles.Segmental InsightsDistribution Channel InsightsOffline dominated the global Diamond Jewelry market due to several key factors. Physical stores offer consumers the ability to examine diamonds closely, ensuring they can assess quality, cut, and color in person. As a part of this, according to a recent study, as of 2022, due to decades-high inflation, US offline retail sales hit a record high of USD 3.6 trillion. Personalized customer service is another crucial element, as knowledgeable staff can guide buyers through the selection process and provide valuable insights. Also, offline stores often offer an exclusive shopping experience, building trust and loyalty with customers. High-end retailers and luxury boutiques create a sense of prestige around diamond jewelry, making in-person shopping an essential part of the consumer decision-making process.Regional InsightsNorth America dominated the global Diamond Jewelry market, driven by factors such as high disposable incomes, a strong cultural affinity for luxury goods, and an established retail infrastructure. The United States is one of the largest consumers of diamond jewelry, with strong demand for engagement rings, wedding bands, and high-end fashion jewelry.The region's robust jewelry industry is characterized by both well-established brands and a growing number of online retailers offering diverse collections. As a part of this, as of December 2024, The US jewelry business has been supported by the holiday season, as seen by a 4% year-over-year gain in sales. Also, consumers are increasingly prioritizing ethically sourced diamonds, contributing to the rise in demand for lab-grown diamonds. The combination of affluent consumers, a well-developed retail ecosystem, and evolving trends in sustainable jewelry continues to make North America a dominant force in the global diamond jewelry market.Key Players Profiled in this Diamond Jewelry Market Report
Harry Winston, Inc.
Tiffany & Co
Blue Nile Inc.
Le Petit-Fils de L.-U. Chopard & Cie S.A.
Signet Jewelers Limited (Zales)
Tacori, Inc.
Richemont International SA
Amantran Gems and Jewels Pvt. Ltd.
Bulgari S.p.A.
Titan Company Limited
Report ScopeDiamond Jewelry Market, By Product Type:
Necklace
Earrings
Rings
Bracelets
Others
Diamond Jewelry Market, By Category:
Daily Wear
Work Wear
Party & Festive Wear
Diamond Jewelry Market, By End User:
Men
Women
Kids
Diamond Jewelry Market, By Distribution Channel:
Online
Offline
Diamond Jewelry Market, By Region:
North America
Asia-Pacific
Europe
South America
Middle East & Africa
Key Attributes
Report Attribute
Details
No. of Pages
182
Forecast Period
2024-2030
Estimated Market Value (USD) in 2024
$356.04 Billion
Forecasted Market Value (USD) by 2030
$478.81 Billion
Compound Annual Growth Rate
5.2%
Regions Covered
Global
For more information about this report visit https://www.researchandmarkets.com/r/ybjtnj
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
a minute ago
- Bloomberg
Germany Closes In on Deal With US to Deliver Air Defense to Kyiv
Germany and the US are close to an agreement that would dispatch Patriot air-defense systems to Ukraine as the nation comes under mounting missile and drone attacks from Russia. The deal would entail Berlin sending two Patriot batteries to Kyiv from its own inventories, while President Donald Trump's administration will agree to replace the weaponry from industry stocks, according to people familiar with the deliberations.
Bloomberg
2 minutes ago
- Bloomberg
Stock Movers: Verizon, Domino's, Dynamix
On this episode of Stock Movers: - Verizon (VZ) is getting a lift this morning after the company raised its profit outlook. The company posted second-quarter revenue that surpassed analysts' estimates, with operating revenue of $34.5 billion, up 5.2% from a year earlier. Verizon raised its profit outlook, citing "favorable tax reform" and strong performance, with Chief Executive Officer Hans Vestberg saying Verizon has "momentum and a clear path forward." - Stellantis (STLA) is fell to a three-month low after the maker of Fiat, Citroen and Jeep autos reported a preliminary first-half loss of €2.3 billion, due to restructuring expenses, waning sales and the impact of US tariffs. Bloomberg Intelligence analysts said the loss may reflect new CEO Antonio Filosa seeking to get all the bad news out of the way, to provide a low base to build from. - Domino's (DPZ) is higher as the restaurant operator reported second-quarter comparable sales growth that topped Wall Street expectations.
Yahoo
29 minutes ago
- Yahoo
'Please be careful.' There are risks and rewards as crypto heavyweights push tokenization
As cryptocurrencies become more intertwined with the traditional financial system, industry heavyweights are racing for a long-sought goal of turning real-world assets into digital tokens. 'Tokenization is going to open the door to a massive trading revolution,' said Vlad Tenev, the CEO of the trading platform Robinhood at a recent James Bond-themed tokenization launch event in the south of France. Advocates say tokenization is the next leap forward in crypto and can help break down walls that have advantaged the wealthy and make trading cheaper, more transparent and more accessible for everyday investors. But critics say tokenization threatens to undermine a century's worth of securities law and investor protections that have made the U.S. financial system the envy of the world. And Robinhood's push into tokenizing shares of private companies quickly faced pushback from one of the world's most popular startups. What is tokenization? The basic idea behind tokenization: Use blockchain technology that powers cryptocurrencies to create digital tokens as stand-ins for things like bonds, real estate or even fractional ownership of a piece of art and that can be traded like crypto by virtually anyone, anywhere at any time. The massive growth of stablecoins, which are a type of cryptocurrency typically bought and sold for $1, has helped fuel the appetite to tokenize other financial assets, crypto venture capitalist Katie Haun said on a recent podcast. She said tokenization will upend investing in ways similar to how streamers radically changed how people watch television. 'You used to have to sit there on a Thursday night and watch Seinfeld,' Haun said. 'You tune in at a specific time, you don't get to choose your program, you couldn't be watching a program like Squid Games from Korea. Netflix was market-expanding. In the same way, I think the tokenization of real-world assets will be market expanding.' Growing momentum Robinhood began offering tokenized stock trading of major U.S. public companies for its European customers earlier this month and gave away tokens to some customers meant to represent shares in OpenAI and SpaceX, two highly valued private companies. Several other firms are diving in. Crypto exchange Kraken also allows customers outside the U.S. to trade tokenized stocks while Coinbase has petitioned regulators to open the market to its U.S. customers. Wall Street giants BlackRock and Franklin Templeton currently offer tokenized money market funds. McKinsey projects that tokenized assets could reach $2 trillion by 2030. Crypto's golden age The push for tokenization comes at a heady time in crypto, an industry that's seen enormous growth from the creation and early development of bitcoin more than 15 years ago by libertarian-leaning computer enthusiasts to a growing acceptance in mainstream finance. The world's most popular cryptocurrency is now regularly setting all-time highs — more than $123,000 on Monday — while other forms of crypto like stablecoins are exploding in use and the Trump administration has pledged to usher in what's been called the 'golden age' for digital assets. Lee Reiners, a lecturing fellow at Duke University, said the biggest winners in the push for tokenization could be a small handful of exchanges like Robinhood that see their trading volumes and influence spike. 'Which is kind of ironic given the origins of crypto, which was to bypass intermediaries,' Reiners said. Trump bump Interest in tokenization has also gotten a boost thanks to the election of President Donald Trump, who has made enacting more crypto-friendly regulations a top priority of his administration and signed a new law regulating stablecoins on Friday. 'Tokenization is an innovation and we at the SEC should be focused on how do we advance innovation at the marketplace,' said Securities and Exchange Commission Chairman Paul Atkins. Is it legal? Securities law can be complex and even defining what is a security can be a hotly debated question, particularly in crypto. The crypto exchange Binance pulled back offerings of tokenized securities in 2021 after German regulators raised questions about potential violations of that country's securities law. Under Trump, the SEC has taken a much less expansive view than the previous administration and dropped or paused litigation against crypto companies that the agency had previously accused of violating securities law. Hilary Allen, a professor at the American University Washington College of Law, said crypto companies have been emboldened by Trump's victory to be more aggressive in pushing what they can offer. 'The most pressing risk is (tokenization) being used as a regulatory arbitrage play as a way of getting around the rules,' she said. However, the SEC has struck a cautionary tone when it comes to tokens. Shortly after Robinhood's announcement, SEC Commissioner Hester Peirce, who has been an outspoken crypto supporter, issued a statement saying companies issuing tokenized stock should consider 'their disclosure obligations' under federal law. 'As powerful as blockchain technology is, it does not have magical abilities to transform the nature of the underlying asset,' Peirce said. All eyes on private companies One of the most closely watched areas of tokenization involves private companies, which aren't subject to strict financial reporting requirements like publicly traded ones. Many hot startups are not going public as often as they used to and instead are increasingly relying on wealthy and institutional investors to raise large sums of money and stay private. That's unfair to the little guy, say advocates of tokenization. 'These are massive wealth generators for a very small group of rich, well-connected insiders who get access to these deals early,' said Robinhood executive Johann Kerbrat. 'Crypto has the power to solve this inequality.' 'Please be careful' But Robinhood's giveaway of tokens meant to represent an investment in OpenAI immediately drew pushback from the company itself, which said it was not involved in Robinhood's plan and did not endorse it. 'Any transfer of OpenAI equity requires our approval—we did not approve any transfer,' OpenAI said on social media. 'Please be careful.' Public companies have strict public reporting requirements about their financial health that private companies don't have to produce. Such reporting requirements have helped protect investors and give a legitimacy to the U.S. financial system, said Allen, who said the push for tokenized sales of shares in private companies is 'eerily familiar' to how things played out before the creation of the SEC nearly a century ago. 'Where we're headed is where we were in the 1920s,' she said. 'Door-to-door salesmen offering stocks and bonds, half of it had nothing behind it, people losing their life savings betting on stuff they didn't understand.' Alan Suderman, The Associated Press
