PUBLISHER: Polaris Market Research | PRODUCT CODE: 1108694
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1108694
India Diamond Cutting and Polishing Market Share, Size, Trends, Industry Analysis Report, By Category (Cutting, Polishing); By Product Type (Automated, Semi-automated); By Technology; Segment Forecast, 2022 - 2030
The India diamond cutting and polishing market size is expected to reach USD 25.25 billion by 2030, according to a new study by Polaris Market Research. The report "India Diamond Cutting and Polishing Market Share, Size, Trends, Industry Analysis Report, By Category (Cutting, Polishing); By Product Type (Automated, Semi-automated); By Technology; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Consumers have been urged to purchase fine diamond jewelry that is in perfect sync with their rising living standards as their discretionary money has increased. For instance, as per the OECD, after growing by 5.2% in the first quarter, real household income per capita declined by 3.8% in the second quarter of 2021 in the OECD region. The decline was sparked by a substantial drop in household income in the United States, as the government began to withdraw economic support granted during the COVID-19 pandemic.
Furthermore, individuals are now selecting stylish and designer diamond jewelry in line with current market trends. To enhance their entire image, young people choose to wear fashionable diamond jewelry. Diamonds are increasingly being used in everyday worn jewelry designs that are fun, casual, and stylish, in addition to engagement rings.
With the rise in women buying diamonds for themselves, marketers are moving their focus from males to women. Local culture, consumer preferences, and technological availability all impact diamond jewelry design. Natural diamonds have traditionally been used mostly in diamond jewelry, which is generally expensive and favored among the wealthy. The emergence of lab-grown diamonds, on the other hand, has enabled jewelers to sell affordable diamond jewelry to the middle class.
Based on the technology, the laser diamond cutting and polishing segment accounted for the leading share in the market. Conventional types of machinery were superseded by improved laser cutting machines with the introduction of laser technology. Manual planning and marking, as well as the traditional diamond processing machines, were replaced with software-based, laser-equipped units.
Every year, more laser machines are introduced to the diamond business, which has surely influenced the diamond industry's general development and expansion. For instance, in November 2020, Synova, a Swiss company that makes breakthrough laser cutting equipment, finally released its diamond shape solution, which had been teased during the Dubai Diamond Conference last year. Diamond fans can now choose from a new, more dazzling range of diamonds thanks to these innovative technologies.
Market players such include Moshe Namdar Diamonds LTD, Kristall Production Corporation, Bonas Group, KGK Group, and Blue Star Diamonds are some key players operating in the market. In June 2021, the 'Triumph' Laser Cutting machine was introduced by Dharmaj Technologies. Many new features and refinements are included in the new 'Triumph non-stop,' including a 50% increase in productivity using a single laser diode.
It has several notable advantages, including no UV Glue required and no separation issues during the cutting process; multi-top and pie sawing in one stick; user-friendly software; and a sturdy and vibration-free frame structure. The new Triumph dependable structure was developed in line with the company's fundamental concept that "Quality Changes the World." It is designed for a variety of diamond processing applications.
Polaris Market Research has segmented the India diamond cutting and polishing market report based on category, technology, and product type:
India Diamond Cutting and Polishing, Category Outlook (Revenue - USD Billion, 2018 - 2030)
Cutting
Polishing
India Diamond Cutting and Polishing, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Laser Diamond Cutting and Polishing
CNC Diamond Cutting and Polishing
Others
India Diamond Cutting and Polishing, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)
Automated
Semi-automated
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. India Diamond Cutting and Polishing Market Insights
- 4.1. India Diamond Cutting and Polishing - Industry Snapshot
- 4.2. India Diamond Cutting and Polishing Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for high-end jewelry
- 4.2.1.2. Technological advancements
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of equipment
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. India Diamond Cutting and Polishing Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. India Diamond Cutting and Polishing Market, by Category
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. India Diamond Cutting and Polishing Market, by Category, 2018 - 2030 (USD Billion)
- 5.3. Cutting
- 5.3.1. India Diamond Cutting and Polishing Market, by Cutting, 2018 - 2030 (USD Billion)
- 5.4. Polishing
- 5.4.1. India Diamond Cutting and Polishing Market, by Polishing, 2018 - 2030 (USD Billion)
6. India Diamond Cutting and Polishing Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. India Diamond Cutting and Polishing Market, by Technology, 2018 - 2030 (USD Billion)
- 6.3. Laser Diamond Cutting and Polishing
- 6.3.1. India Diamond Cutting and Polishing Market, by Laser Diamond Cutting and Polishing, 2018 - 2030 (USD Billion)
- 6.4. CNC Diamond Cutting and Polishing
- 6.4.1. India Diamond Cutting and Polishing Market, by CNC Diamond Cutting and Polishing, 2018 - 2030 (USD Billion)
- 6.5. Others
- 6.5.1. India Diamond Cutting and Polishing Market, by Others, 2018 - 2030 (USD Billion)
7. India Diamond Cutting and Polishing Market, by Product Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. India Diamond Cutting and Polishing Market, by Product Type, 2018 - 2030 (USD Billion)
- 7.3. Automated
- 7.3.1. India Diamond Cutting and Polishing Market, by Automated, 2018 - 2030 (USD Billion)
- 7.4. Semi-automated
- 7.4.1. India Diamond Cutting and Polishing Market, by Semi-automated, 2018 - 2030 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Blue Star Diamonds
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bonas Group
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. KGK Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Kristall Production Corporation
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Moshe Namdar Diamonds LTD
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
List of Tables
- Table 1 India Diamond Cutting and Polishing Market, by Product Type, 2018 - 2030 (USD Billion)
- Table 2 India Diamond Cutting and Polishing Market, by Category, 2018 - 2030 (USD Billion)
- Table 3 India Diamond Cutting and Polishing Market, by Technology, 2018 - 2030 (USD Billion)
List of Figures
Figure 1. India Diamond Cutting and Polishing Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Porter's Five Forces
Figure 5. Market by Technology
Figure 6. India Diamond Cutting and Polishing Market, by Technology, 2021 & 2030 (USD Billion)
Figure 7. Market by Category
Figure 8. India Diamond Cutting and Polishing Market, by Category, 2021 & 2030 (USD Billion)
Figure 9. Market by Product Type
Figure 10. India Diamond Cutting and Polishing Market, by Product Type, 2021 & 2030 (USD Billion)
Figure 11. Strategic Analysis - India Diamond Cutting and Polishing Market
