Diamond Jewelry Market Size & Insights

The Global Diamond Jewelry Market size is valued at around USD 198.21 billion in 2025 and is projected to reach USD 267.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.16% during the forecast period, i.e., 2025-30. This consistent growth is primarily driven by the emergence of lab-grown diamonds (LGDs), rising disposable incomes, and digital innovation in retail.

What are the Key DROs in the Diamond Jewelry Market?

Emergence of Lab-Grown Diamonds Driving Market Demand – The Global Diamond Jewelry Market is primarily driven by the emergence of LGDs in recent years. They have essentially democratized the market through price disruption and even brought down the price of natural diamonds by 40% between 2020-2024. This is leading to a rapid growth in diamond jewelry purchases among younger buyers and middle-income households. LGD jewelry is eating into the share of traditional diamonds and forcing legacy players to adapt. This is highlighted in their 40% share in engagement ring sales in the US in 2023 and the launch of LGD product lines by natural diamond leader De Beers.

 

What are the Key Segments in the Diamond Jewelry Market?

The Diamond Jewelry is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product Type

  • Rings
  • Necklaces
  • Earrings
  • Chains
  • Bracelets
  • Others

Rings represent the dominant segment based on product type, accounting for around 50% share in the Global Diamond Jewelry Market. 

By Gender

  • Women
  • Men
  • Unisex

By Diamond Type

  • Natural Diamonds
  • Lab-Grown Diamonds

 

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By Price Range

    • Mass Market
    • Premium
    • Luxury

By Distribution Channel

    • Offline
      • Jewelry Stores
      • Departmental Stores
      • Flagship Stores
      • Others
    • Online
      • E-commerce
      • Brand Websites
      • Marketplaces

How does geographical analysis highlight in the Diamond Jewelry market?

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific is the dominant region in the Global Diamond Jewelry Market, estimated to have a share of 40-45%.

Who are the Key Players in Diamond Jewelry Market?

  • De Beers Group
  • Tiffany & Co. (LVMH)
  • Chow Tai Fook
  • Signet Jewelers
  • Richemont (Cartier, Van Cleef & Arpels)
  • Harry Winston (Swatch Group)
  • Malabar Gold & Diamonds
  • Blue Nile
  • Pandora
  • Kalyan Jewellers
  • James Allen
  • Graff Diamonds
  • Forevermark
  • Brilliant Earth and others.

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Diamond Jewelry Market News

  • March 2025: Signet Jewelers unveiled a fully traceable diamond collection set to be launched in autumn 2025 under its ‘Jared’ banner, signaling alignment with growing consumer and regulatory demands for origin-verified diamonds.

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