Global Diamond Market Overview And Prospects – Includes Diamond Market Growth
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The global diamond market is expected to grow from $503.97 billion in 2021 to $551.91 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global diamond mining market size is expected to grow to $661.23 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%.
Rising disposable income is driving the growth of the diamond mining market.
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The diamond mining market consists of sales of diamonds by entities (organizations, sole traders, and partnerships) that mine diamonds of different carats.
Global Diamond Market Segments Include:
By Type: Jewellery Making, and Industrial Applications
By Mining Type: Underground Mining, Surface Mining
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Africa is the largest region in the global diamond market in 2021.
Companies engaged in the diamond mining industry are using X-Ray Transmission (XRT) technology to increase efficiency in their operations in the global diamond mining market. Under this technology, a mineral concentrate is passed through sensors that bombard each stone with X-rays and measure the absorption of each stone. XRT technology is quickly becoming the standard in the industry, as new mines begin using it and older mines make the transition to it.
TBRC’s Diamond Market Report Covers:
Major Market Players: Rockwell Diamonds, Anglo American Plc, Gem Diamonds, Petra Diamonds, and Lucara.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Diamond Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides diamond market overviews, analyzes and forecasts market size, share, diamond market players, diamond market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s diamond market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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