How big is the diamond jewelry market | Size & Forecast 2025

Q: What is the market size of the Diamond Jewelry market in 2025 and 2031? Diamond Jewelry market is driven by rising luxury demand, innovation in lab-grown diamonds, and the increasing relevance of digital and ethical consumer trends.

The Diamond Jewelry market was expected to reach approximately USD 85 billion in 2025 and is projected to surpass USD 130 billion by 2031.

Q: What is the CAGR of the Diamond Jewelry market between 2025 and 2031?

The Diamond Jewelry market is forecasted to grow at a CAGR of 6.2% during the forecast period.

Q: What are the key trends in the Diamond Jewelry market?

Key trends include the rise of lab-grown diamonds, increasing online sales, customization, and emphasis on sustainable sourcing and ethical practices.

Q: What are the main drivers of the Diamond Jewelry market?

Main drivers of diamond jewellery market include growing luxury consumer base, digital transformation in retail, innovation in design, and higher demand for sustainable and traceable diamond products.

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Code: MTA6067

Publication Date: Jul 2025

What is the diamond jewelry Market Size?

According to 6Wresearch internal database and industry insights, GLobal diamond jewelry market was valued atUSD 85 billion in 2024 and is anticipated to exceedUSD 130 billion by 2031, registering a steady at aCAGR of 6.2% during the forecast period.

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This growth is primarily attributed to rising consumer preference for luxury and branded accessories, increasing disposable incomes in emerging economies, and evolving fashion trends. Additionally, the growing popularity of lab-grown diamonds, digital retail platforms, and sustainable sourcing practices are further propelling market expansion across regions.

Major Growth Factors of the Diamond Jewelry Market

Rising consumer demand for luxury and lifestyle products
Increasing popularity of lab-grown diamonds
Expansion of e-commerce and digital jewelry retailing
Growth in disposable incomes and urbanization
Emergence of sustainable and ethical sourcing practices
Innovation in diamond cuts, designs, and personalization
Increased consumer spending on weddings and gifting
Brand engagement through social media and influencers

Diamond Jewelry Market Trends

The diamond jewelry market is experiencing a shift toward lab-grown diamonds due to sustainability and cost-efficiency. Personalized and customized jewelry is becoming increasingly popular, and online platforms are playing a significant role in driving sales. Premiumization, branding, and storytelling are key factors influencing consumer choices, especially among millennials and Gen Z.

Emerging Developments in the Diamond Jewelry Market

The market is witnessing increased investment in traceable and blockchain-certified diamonds. Companies are focusing on augmented reality (AR) try-on tools and immersive digital experiences. Lab-grown diamond innovation, brand collaborations, and eco-friendly collections are gaining momentum globally.