Diamond Market Report 2026

Diamond Market Overview

• Diamond market size has reached to $1.39 billion in 2025 • Expected to grow to $1.84 billion in 2030 at a compound annual growth rate (CAGR) of 6.1% • Growth Driver: E-Commerce Surge Fuels Diamond Market Growth And The Impact Of Online Retailing On Diamond Sales • Market Trend: Revolutionizing The Diamond Market With The Launch Of Lab-Grown Collections • Africa was the largest region in 2025.

What Is Covered Under Diamond Market?

Diamond refers to the process of mining diamonds of different carats. Art, science, engineering, and a lot of labor go into making a diamond. Pipe mining, alluvial mining, and marine mining are the three forms of mining utilized to mine diamonds. The main types of diamond are jewelry making and industrial applications. Jewelry making refers to ornamental pieces (such as rings, necklaces, earrings, and bracelets) that are made of materials that may or may not be precious (such as gold, silver, glass, and plastic), are set with genuine or imitation gems, and are worn for personal adornment. The grades are gem grade and industrial grade. The various mining types include underground mining and surface mining.

What Is The Diamond Market Growth Forecast?

The diamond market size is expected to see strong growth in the next few years. It will grow to $1.84 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing demand for lab-grown diamond alternatives, rising use of diamonds in advanced manufacturing tools, expansion of blockchain-based diamond traceability, growing focus on environmentally responsible mining, increasing industrial demand for precision tools. Major trends in the forecast period include increasing adoption of ethical diamond mining practices, rising use of traceability and certification systems, expansion of automated diamond processing, growing demand for industrial diamond applications, enhanced focus on sustainable mining operations.

Global Diamond Market Segmentation

1) By Type: Gem-Grade Diamonds, Industrial-Grade Diamonds 2) By Mining Type: Underground Mining, Surface Mining 3) By Application: Jewelry Manufacturing, Industrial Applications Subsegments: 1) By Gem-Grade Diamonds: High-Clarity Diamonds, Medium-Clarity Diamonds, Low-Clarity Gem Diamonds, Colorless Diamonds, Near-Colorless Diamonds, Fancy-Color Diamonds 2) By Industrial-Grade Diamonds: Abrasive-Grade Diamonds, Crushing And Milling-Grade Diamonds, Drilling-Grade Diamonds, Sawing And Cutting-Grade Diamonds, Polishing-Grade Diamonds

What Is The Driver Of The Diamond Market?

The increasing e-commerce and online retailing sector is expected to propel the growth of the diamond market going forward. E-commerce refers to the buying and selling of goods and services over the internet. E-commerce allows diamond retailers to reach a global audience, convenient shopping experience for customers, facilitate easy comparison, customization, secure transactions, reviews, and ratings, accessibility, clear return policies, and enable efficient management of diamond inventory, reducing the likelihood of overstock or stockouts. For instance, in September 2023, according to census.gov, a US-based official website for collecting and disseminating demographic and economic data, retail trade sales increased by 0.6% (0.5) from July 2023 and by 1.6 % (0.5) from 2022. Furthermore, in August 2023, according to the United States Census Bureau, a US-based government agency, when compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 increased by 7.5% (or 1.4%), while overall retail sales increased by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the increasing e-commerce and online retailing sector is driving the growth of the diamond industry.

Key Players In The Global Diamond Market

Major companies operating in the diamond market are Anglo American plc, ALROSA PJSC, Rio Tinto plc, Lucara Diamond Corporation, Petra Diamonds Limited, Gem Diamonds Limited, Mountain Province Diamonds Inc., Stornoway Diamond Corporation, Koidu Limited, Williamson Diamonds Limited, Catoca Mining Company, Debswana Diamond Company, Murowa Diamonds Private Limited, RZM Murowa Proprietary Limited, Luele Mining Company, Sociedade Mineira de Catoca, Namdeb Diamond Corporation, Okavango Diamond Company, Marange Resources Private Limited, Letšeng Diamonds Limited

Global Diamond Market Trends and Insights

Major companies operating in the diamond market are developing new products such as lab-grown diamonds to gain a competitive edge in the market. Lab-grown diamonds are diamonds that are created in a laboratory setting rather than being formed through natural geological processes. For instance, in August 2023, Pandora A/S, a Denmark-based jewelry manufacturer launched pandora nova, pandora era, and pandora talisman. The lab-grown diamonds used in these collections are set in sterling silver or 14k white or yellow gold, and they are identical to mined diamonds in terms of color, cut, clarity, and carat. These collections are intended to be more widely available and reasonably priced, and they showcase excellent craftsmanship. The introduction of these collections fits with Pandora's objective to democratize diamonds by using morally and environmentally responsible practices. The business wants to offer reasonably priced, excellent jewelry that has a minimal negative impact on the environment.

What Are Latest Mergers And Acquisitions In The Diamond Market?

In March 2024, Star Diamond Corporation, a Canada based natural resource company focused on diamond exploration and development, acquired Rio Tinto Exploration Canada Inc.’s 75% interest in the Fort à la Corne diamond project for an undisclosed amount, completing the previously announced transaction. Through this acquisition, Star Diamond aims to enhance its presence in the diamond market by gaining full ownership of one of Canada’s most prospective diamond assets and integrating the project into its core portfolio, thereby strengthening future development and production prospects. Rio Tinto Exploration Canada Inc. is a Canada based subsidiary of Rio Tinto Group that previously held a majority interest in the Fort à la Corne diamond project.

Regional Outlook

Africa was the largest region in the diamond market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Diamond Market?

The diamond market includes revenues earned by entities by using the revenues generated by diamonds to aid national development. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Diamond Market Report 2026?

The diamond market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the diamond industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.