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(GlobeNewswire) - The global diamond market size was assessed at USD 90. 92 billion in 2022 and is projected to grow from USD 94. 19 billion in 2023 to USD 127. 84 billion by 2030 recording a moderate CAGR of 4. 5% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, Diamond Market Size, Share, Growth and Forcast Report, 2023-2030.
Diamonds are one of the hardest materials on earth and are well-known as a gemstone. The growth of the market is credited to the surging demand for jewellery and its use in industrial applications. The product is widely used due to its extreme hardness. It is also used for research purposes to study the unique qualities of diamonds.
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Leading Players Featured in the Diamond Market Research Report: KGK Group (China)
De Beers (Canada)
Rio Tinto (U. K. )
Arctic Canadian Diamond Company Ltd. (Canada)
Petra Diamonds (South Africa)
Alrosa (Canada)
Argyle (Switzerland)
WD Lab Grown Diamonds (U. S. )
Gem Diamonds (U. K. )
Sagar Diamonds (India)
Competitive Landscape:
Investments in Recovery of Unique Diamonds to Aid Market Proliferation
Leading players in the market make several strategic decisions to strengthen their market position such as product launches, improving manufacturing capacity, enhancing geographical reach etc. For instance, in September 2022, Arctic Canadian Diamond Company Ltd. announced that the company has recovered a fancy vivid yellow diamond which is the largest of its kind in Canada. The recovery of these types of the diamonds will ensure the highest revenue for the company.
Key Industry Development:
August 2022: The KGK Group inaugurated its new diamond manufacturing facility in Saurimo. This move will help the company to establish a strong customer base in Angola.
Report Scope & Segmentation: Report CoverageDetails
Forecast Period2023-2030
Forecast CAGR4. 5 %
2030 Value ProjectionUSD 127. 84 Billion
Market Size in 2023USD 94. 19 Billion
Historical Data2019-2021
No. of Pages150
Report CoverageRevenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and...