PUBLISHER: Grand View Research | PRODUCT CODE: 1908640
PUBLISHER: Grand View Research | PRODUCT CODE: 1908640
The global diamond market size was estimated at USD 42.74 billion in 2025 and is projected to reach USD 53.16 billion by 2033, growing at a CAGR of 2.7% from 2026 to 2033. The increasing demand for branded and customized jewelry, especially among millennials and Gen Z, is significantly supporting market growth.
In addition, the rising adoption of digital traceability and ethical sourcing practices is boosting consumer confidence and accelerating global diamond sales. Sustainability has become a central pillar shaping the modern diamond industry, as both producers and consumers increasingly emphasize responsible sourcing and environmental stewardship. Major mining companies are investing in low-impact extraction technologies, renewable energy integration, and full mine-to-market traceability to minimize ecological disruption and improve transparency. Blockchain-based tracking, carbon-neutral mining initiatives, recycled diamonds, and eco-certifications are steadily gaining momentum, encouraging brands to showcase verifiable sustainability credentials. These initiatives not only reduce the industry's environmental footprint but also help safeguard local communities and ecosystems around mining sites, reinforcing long-term trust and accountability across the supply chain.
Consumer preferences in the diamond market are shifting toward personalized, branded, and story-driven purchases, moving beyond traditional luxury consumption. Millennials and Gen Z buyers, in particular, value authenticity, ethical sourcing, and emotional connection, leading to strong demand for bespoke engagement rings and custom jewelry designs. Lab-grown diamonds have also become mainstream, driven by competitive pricing, sustainable perception, and identical physical characteristics to natural stones. Meanwhile, premium natural diamonds continue to attract high-net-worth consumers who prioritize rarity and investment value. This diversification in preferences has broadened the market, allowing both natural and lab-grown diamonds to coexist and thrive as complementary segments within the luxury market.
Global Diamond Market Report Segmentation
This report forecasts global, country, and regional revenue growth and analyzes the latest trends in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global diamond market report by type, application, and region.