
Diamond Jewelry Market by Product (Bracelets, Brooches, Earrings), Cut (Asscher Cut, Cushion Cut, Emerald Cut), Source, Color, Clarity, Carat, Sales Channel - Global Forecast 2024-2030
Description
Diamond Jewelry Market by Product (Bracelets, Brooches, Earrings), Cut (Asscher Cut, Cushion Cut, Emerald Cut), Source, Color, Clarity, Carat, Sales Channel - Global Forecast 2024-2030
The Diamond Jewelry Market size was estimated at USD 405.60 billion in 2023 and expected to reach USD 426.50 billion in 2024, at a CAGR 5.34% to reach USD 583.83 billion by 2030.
Diamond jewelry refers to items of personal adornment that are made using diamonds, which are precious gemstones, as key decorative elements. These items typically include rings, necklaces, earrings, and bracelets, among others. Diamonds are valued for their physical properties, such as their exceptional hardness and their ability to refract light, giving them a distinctive sparkle. Diamond jewelry is often crafted using various metals like gold, silver, and platinum to create settings for the diamonds. This type of jewelry is popular in various cultures and is often associated with significant occasions such as engagements, weddings, and anniversaries. Key drivers for the diamond jewelry market growth include rising disposable incomes, particularly in emerging economies, and deep-rooted cultural associations of diamonds with prosperity. However, the market faces challenges stemming from economic fluctuations, ethical concerns related to diamond sourcing, and competition from other luxury ornaments. Future growth opportunities for a market lie in expanding eCommerce platforms and the increasing popularity of lab-grown diamonds, which presents affordability and sustainability. Additionally, innovations, including augmented reality shopping experiences and initiatives for recycling diamonds, are expected to drive future market growth.
Regional Insights
The diamond jewelry market is experiencing significant transformations across various global regions, adapting to diverse consumer preferences and advancing towards sustainable practices. In the Americas, the market thrives due to high consumer purchasing power and well-established retail environments, with a pronounced shift towards online shopping enhancements such as virtual reality and tailored customer experiences. Ethical consumerism has gained traction in the region, emphasizing conflict-free and sustainably sourced diamonds. Europe's diamond jewelry market is characterized by a preference for premium brands, supported by traditional craftsmanship merged with modern retail strategies, including blockchain technology to verify the authenticity and origin of diamonds. The Middle East favors luxurious, high-quality designs, with a marked preference for customization. In contrast, Africa, particularly South Africa, focuses on harnessing local resources and talent to craft unique jewelry pieces, prioritizing ethical sourcing to benefit local communities. The market is rapidly growing in Asia-Pacific, with an expanding middle-class and culturally embedded market. Technological advancements, such as the development of artificial diamonds and enhanced diamond treatments, are pivotal, broadening consumer access to quality products in the region.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the Diamond Jewelry Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
Rising disposable income and consumer spending across economies
Influence of fashion trends and celebrity endorsement of diamond jewelry
Expansion of eCommerce and digital sales channels
Market Restraints
High cost of raw materials and fluctuations in the availability of high-quality raw diamonds
Market Opportunities
Enhanced production technologies in diamond jewelry manufacturing
Inclination towards sustainable diamond sourcing and supportive trade policies with reduced tariffs
Market Challenges
Complexities in achieving standardization and possibilities of counterfeit products
Market Segmentation Analysis
Product: Higher adoption of diamond pendants and earrings as luxury fashion ornament
Sales Channel: Growing preferences for department stores and specialized chain stores, with wider product availability
Market Disruption Analysis
Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Diamond Jewelry Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Diamond Jewelry Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
House of Heere Launches its Sustainable Lab-Grown Diamond Jewelry
House of Heere introduced its line, focusing on lab-grown diamonds, at an unveiling event in Kottaguda. The brand merges luxury with cutting-edge technology to produce ethically sourced, environmentally friendly diamond jewelry that does not compromise on brilliance. Emphasizing quality, each jewelry piece is intricately designed and crafted by skilled artisans, reinforcing House of Heere's commitment to sustainability and superior design.
Launch of Lab-Grown Polki Diamond Collection by Aukera Grown Diamond Jewellery
Aukera Grown Diamond Jewellery has unveiled its pioneering 'Queen’s Reserve Polki Collection' during the opening of its new store in Jayanagar, Bengaluru. This launch marks the introduction of lab-grown Polki diamonds in India, aligning with increasing consumer demand for ethical and sustainable luxury products. The collection, celebrated by actress and philanthropist Priyanka Upendra at the inauguration, features lab-grown Polki diamonds known for their purity and resilience, designed without fillers to enhance durability.
KISNA Diamond and Gold Jewellery Expands to Agartala with Its Premiere Franchise Showroom
KISNA Diamond and Gold Jewellery unveiled its first dedicated franchise showroom in Agartala, Tripura, marking the company's 18th retail outlet in India. This launch is emphasized as a critical strategic milestone, introducing a broad range of meticulously crafted jewelry pieces tailored to meet the diverse preferences of Agartala’s consumers.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Diamond Jewelry Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Diamond Jewelry Market, highlighting leading vendors and their innovative profiles. These include Birks Group, Buccellati, Chow Tai Fook, De Beers Group, Fabergé, Graff Diamonds Limited, Harry Winston, Inc., Hermès International S.A., Kalyan Jewellers, Kering Group, LVMH Group, Malabar Diamonds, Orra, Pandora, PC Jeweller, Rajesh Exports, Rembrandt Group, Signet Jewelers, Swarovski, and Titan Company.
Market Segmentation & Coverage
This research report categorizes the Diamond Jewelry Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product
Bracelets
Brooches
Earrings
Necklaces
Pendants
Rings
Watches
Cut
Asscher Cut
Cushion Cut
Emerald Cut
Heart Cut
Marquise Cut
Oval Cut
Pear Cut
Princess Cut
Radiant Cut
Round Brilliant Cut
Source
Lab-Grown/Synthetic Diamond
Natural Diamond
Color
Colorless
Light Yellow/Brown
Near Colorless
Slightly Tinted
Very Light Yellow
Clarity
Flawless
Included
Internally Flawless
Very Slightly Included
Very, Very Slightly Included
Carat
0.01 to 0.09 Carats
0.10 to 0.50 Carats
0.51 to 1.00 Carat
1.01 to 2.00 Carats
2.01 to 3.00 Carats
3.01 & Above
Sales Channel
Department Stores & Specialized Chain Stores
Independent Jewelers
Luxury Boutiques
Online Retailers & E-commerce Marketplaces
Trade Shows & Exhibitions
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
Table of Contents
194 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising disposable income and consumer spending across economies
- 5.1.1.2. Influence of fashion trends and celebrity endorsement of diamond jewelry
- 5.1.1.3. Expansion of eCommerce and digital sales channels
- 5.1.2. Restraints
- 5.1.2.1. High cost of raw materials and fluctuations in the availability of high-quality raw diamonds
- 5.1.3. Opportunities
- 5.1.3.1. Enhanced production technologies in diamond jewelry manufacturing
- 5.1.3.2. Inclination towards sustainable diamond sourcing and supportive trade policies with reduced tariffs
- 5.1.4. Challenges
- 5.1.4.1. Complexities in achieving standardization and possibilities of counterfeit products
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Higher adoption of diamond pendants and earrings as luxury fashion ornament
- 5.2.2. Sales Channel: Growing preferences for department stores and specialized chain stores, with wider product availability
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Diamond Jewelry Market, by Product
- 6.1. Introduction
- 6.2. Bracelets
- 6.3. Brooches
- 6.4. Earrings
- 6.5. Necklaces
- 6.6. Pendants
- 6.7. Rings
- 6.8. Watches
- 7. Diamond Jewelry Market, by Cut
- 7.1. Introduction
- 7.2. Asscher Cut
- 7.3. Cushion Cut
- 7.4. Emerald Cut
- 7.5. Heart Cut
- 7.6. Marquise Cut
- 7.7. Oval Cut
- 7.8. Pear Cut
- 7.9. Princess Cut
- 7.10. Radiant Cut
- 7.11. Round Brilliant Cut
- 8. Diamond Jewelry Market, by Source
- 8.1. Introduction
- 8.2. Lab-Grown/Synthetic Diamond
- 8.3. Natural Diamond
- 9. Diamond Jewelry Market, by Color
- 9.1. Introduction
- 9.2. Colorless
- 9.3. Light Yellow/Brown
- 9.4. Near Colorless
- 9.5. Slightly Tinted
- 9.6. Very Light Yellow
- 10. Diamond Jewelry Market, by Clarity
- 10.1. Introduction
- 10.2. Flawless
- 10.3. Included
- 10.4. Internally Flawless
- 10.5. Very Slightly Included
- 10.6. Very, Very Slightly Included
- 11. Diamond Jewelry Market, by Carat
- 11.1. Introduction
- 11.2. 0.01 to 0.09 Carats
- 11.3. 0.10 to 0.50 Carats
- 11.4. 0.51 to 1.00 Carat
- 11.5. 1.01 to 2.00 Carats
- 11.6. 2.01 to 3.00 Carats
- 11.7. 3.01 & Above
- 12. Diamond Jewelry Market, by Sales Channel
- 12.1. Introduction
- 12.2. Department Stores & Specialized Chain Stores
- 12.3. Independent Jewelers
- 12.4. Luxury Boutiques
- 12.5. Online Retailers & E-commerce Marketplaces
- 12.6. Trade Shows & Exhibitions
- 13. Americas Diamond Jewelry Market
- 13.1. Introduction
- 13.2. Argentina
- 13.3. Brazil
- 13.4. Canada
- 13.5. Mexico
- 13.6. United States
- 14. Asia-Pacific Diamond Jewelry Market
- 14.1. Introduction
- 14.2. Australia
- 14.3. China
- 14.4. India
- 14.5. Indonesia
- 14.6. Japan
- 14.7. Malaysia
- 14.8. Philippines
- 14.9. Singapore
- 14.10. South Korea
- 14.11. Taiwan
- 14.12. Thailand
- 14.13. Vietnam
- 15. Europe, Middle East & Africa Diamond Jewelry Market
- 15.1. Introduction
- 15.2. Denmark
- 15.3. Egypt
- 15.4. Finland
- 15.5. France
- 15.6. Germany
- 15.7. Israel
- 15.8. Italy
- 15.9. Netherlands
- 15.10. Nigeria
- 15.11. Norway
- 15.12. Poland
- 15.13. Qatar
- 15.14. Russia
- 15.15. Saudi Arabia
- 15.16. South Africa
- 15.17. Spain
- 15.18. Sweden
- 15.19. Switzerland
- 15.20. Turkey
- 15.21. United Arab Emirates
- 15.22. United Kingdom
- 16. Competitive Landscape
- 16.1. Market Share Analysis, 2023
- 16.2. FPNV Positioning Matrix, 2023
- 16.3. Competitive Scenario Analysis
- 16.3.1. House of Heere Launches its Sustainable Lab-Grown Diamond Jewelry
- 16.3.2. Launch of Lab-Grown Polki Diamond Collection by Aukera Grown Diamond Jewellery
- 16.3.3. KISNA Diamond and Gold Jewellery Expands to Agartala with Its Premiere Franchise Showroom
- 16.4. Strategy Analysis & Recommendation
- 17. Competitive Portfolio
- 17.1. Key Company Profiles
- 17.2. Key Product Portfolio
Pricing
Currency Rates
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