Diamond Jewelry Market Scope
Diamond jewelry is a type of luxury jewelry. It usually has a mix of precious metal settings, including gold, silver, and platinum. Diamond jewelry design and patterns have changed over time in different parts of the world. Local culture, consumer preferences, and technological availability all impact diamond jewelry design. The most valuable stone, diamond, is utilized by jewelers to enhance their jewelry and ornaments. Cut, color, clarity, and carat are the four categories in which diamonds are graded. Rings, necklaces, earrings, bracelets, and pendants are all examples of diamond jewelry. These are given as gifts at weddings, festivals, and other appropriate occasions. Wearing small diamond pieces that are lightweight is becoming fashionable, and it has become a fashion statement for individuals all over the world. More sorts of jewelry, such as rings, bracelets, and chains, are available with new designs to pick from in the men's diamond jewelry category, which is an expanding and promising market segment. Diamond jewelry is regarded to be a smart investment because it contains high-quality artwork.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Harry Winston (United States), Cartier, Tiffany & Co.(United States), De Beers (United Kingdom), Blue Nile Inc (United States), Chopard (Switzerland), Zales(United States), Tacori, Inc(United States), Buccellati (Italy), James Allen(United States), Tanishq Limited (India) and Malabar Gold & Diamonds (India) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European and United States Vendors will contribute to the maximum growth of Global Diamond Jewelry market throughout the predicted period.
Harry Winston (United States), Cartier, Tiffany & Co.(United States), De Beers (United Kingdom), Blue Nile Inc (United States), Chopard (Switzerland), Zales(United States), Tacori, Inc(United States), Buccellati (Italy), James Allen(United States), Tanishq Limited (India) and Malabar Gold & Diamonds (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Diamond Jewelry market by Type , by Application (Wedding, Festival, Fashion and Others) and Region with country level break-up.
On the basis of geography, the market of Diamond Jewelry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August 2022, Signet Jewelers Limited the world's leading retailer of diamond jewelry, today announced it has signed a definitive agreement to acquire Blue Nile, Inc, a leading online retailer of engagement rings and fine jewelry. he strategic acquisition of Blue Nile accelerates Signet's efforts to expand its bridal offerings and grow its Accessible Luxury portfolio while extending its digital leadership in the jewelry category.
In July 2023, Malabar Gold & Diamonds has just launched ‘Sparkle of Heaven’, its latest collection from the sub-brand Mine Diamond Jewellery.Made for the modern woman, the collection showcases a union of intricate diamonds.
The jewelry and diamond industry is governed by a complex system of laws and regulations. In addition to complying with laws related to the jewelry and diamond trade, tax issues, business structure issues, employment law issues and contract issues regularly arise.
Influencing Trend:
Personalized/Customized Diamond Jewelry
Market Growth Drivers:
Highly Valuable in Nature and Growing Demand for Men’s Diamond Jewelry
Challenges:
Several Players in the Market
Restraints:
Issue of responsible sourcing and ethical mining practices.
Opportunities:
Considered Good Investment Option
Key Target Audience
Jewelry Providers, Jewelry/Raw Material Suppliers, Government Bodies and Others