Diamond Jewelry Market By Product Type (Rings, Necklaces, Earrings, Pendants, and Bangles), By Sales Channel (Specialty Stores, Discounters, Online Retailers, Department Stores, and Others (Catalogues and TV commercials)), and By Region - Trends, Analysis and Forecast till 2032

Diamonds are the most precious stone that jewelers use to make their jewelry and jewelry. Diamond is certified in four categories namely cut, color, clarity and carat. Diamond jewelry has quality artefacts and is also considered good for investment.

The driving force behind the growth of the diamond jewelry market can be attributed to the increase in disposable income among consumers and the up-to-date innovation in design and functionality. The demand for innovative jewelry designs is driving the market, as consumers are willing to pay a premium price because of their growing fashion awareness.

Moreover, factors such as increased demand convenient services will also boost the Diamond Jewelry Market in the estimated period of time.

Companies are focusing on launching and selling products using online channels

The diamond jewelry market is also expected to grow significantly through online channels as major companies are focusing on releasing product launches, sales and other related information using their websites. There has also been a change in the way consumers look at thumbs. The younger generation with a less-traditional approach towards marriage tends to forge a strong bond between love and diamond rings, be it commitment rings, engagement rings or promise rings. In the near future, jewellers are expected to target young customers across the globe due to the growing affinity towards diamond rings.

Increasing demand for wedding rings

The increasing sale of diamond rings across the globe is mainly attributed to the increasing demand for wedding rings and the growing preference for corporate dressing. One of the key trends that has kept the market hooked in recent years has been the increasing sales of rings in the male consumer segment. This could be attributed to the improvement in men's jewelry design and the growing fashion awareness among men across the world.

Restrains:

Lack of knowledge of hallmarks on jewelry

However, increasing e-commerce frauds and lack of knowledge of hallmarks on jewelry are likely to hamper market growth. Further, COVID-19s also have negatively impacted the diamond industry and this will lead to lower revenue generation in the financial year.

Due to the lockdown, the diamond jewelry industry cannot export its products or sell them domestically.

Diamonds are rare and expensive

However, diamonds are rare and expensive which is restraining the target market growth. Further, prices of diamonds are not decided by governments and do not have any regulatory framework and hence they could retain their market value during recession is hampering the target market.

Diamond Jewelry Market is segmented based on Product Type, Sale channel and region.

Diamond Jewelry Market, By Product Type

On the basis of Ingredients Diamond Jewelry Market is segmented into Rings, Necklaces, Earrings, Pendants, and Bangles. The ring segment will grow at the highest rate in the projected period. The growing demand for premium products from middle class customers during wedding ceremonies and festivals encourages sellers to get into the category of premium products.

 Diamond Jewelry Market, By Sales Channel

On the basis of Product Diamond Jewelry Market is segmented into Specialty Stores, Discounters, Online Retailers, Department Stores, and Others (Catalogues and TV commercials).

Regional Insights:

On the basis of region, the Diamond Jewelry Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be the dominating target market over the forecast period followed by Asia-Pacific. United States being the major global diamond jewelry market has driven the target market growth in North America.

Asia-Pacific is expected to be the second leading target market over the forecast period due to the presence of major diamond markets in the region. China has majorly boosted the target market in Asia-Pacific due to the increasing demand for diamonds in terms of jewelry.

The key players operating the Diamond Jewelry Market includes,

• A&D Gem Corporation is one of the leading importers of coloured stones in the UNITED STATES and has been serving the best retail jewellers as well as dealers for almost half a century.
• Arihant Jewellers Pvt Ltd is a private limited set up in July 2010, classified as a non-government company and registered with the Registrar of Companies, Chhattisgarh. Arihant Jewellers Pvt Ltd guarantees 100% purity as BIS offers hallmarked gold jewelry. Also, each diamond is given a certificate of diamond quality by independent certification laboratories.
• B. Vijayakumar & Co. operates as a distributor of loose diamonds and finished jewelry, a company based in Mumbai, India. Seed. Vijayakumar & Co. is the group's flagship company and has consistently cut down on cut and polished diamonds as India's leading exporter.
• Blue Nile, Inc. operates worldwide as an online retailer for diamonds and other jewelry. Founded in 19, the Blue Nile is headquartered in Seattle, Washington. It offers a variety of investment products like gold or platinum engagement rings and loose diamonds along with diamond centre stores.
• Buxelati Holding SPA provides retail jewelry products, the company provides bridal jewelry, watches, and related precious metal products, Buxelati Holding Italia serves customers in Italy.
• Channel SA designs and manufactures fashion products, the company sells a range of clothing, eyewear, watches, jewelry, fragrances, makeup, skincare, and accessories, Dechenel serves customers around the world.
• Dora Industries, Inc. was founded in 1989, the company's line of business includes the production of polished and cleaning goods.
• Gemco Designs., com is a wholesale diamond, silver and gold jewelry manufacturer that offers the best and most beautiful jewelry designs at the best price. He started off with a commitment to deliver the best quality jewelry at the most competitive prices and his continued efforts to design and create exceptional artworks in jewelry have created a special collection, which is an aesthetic blend of traditional and contemporary.
• Graff Diamonds Corporation is a vertically integrated diamond company, the company's operations include the design, production and retail distribution of jewelry and watches, and the sourcing, cutting and polishing of rough diamonds.
• JB & Brothers Pvt Ltd, established in 1983, has emerged as an expert producer and exporter of Solitaire, and the qualitative efforts of their visionaries have helped us reach the milestone of success.

Recent Development:

• In October 2022, Bengaluru-based diamond jewelry maker Vijay James aka Surana Ensemble has announced the launch of its B2B website www.vijaygems.in. The website has been designed to consider all aspects related to the purchase of diamond jewelry.
• In June 2018, D Bears Group announced the launch of a new company called Lightbox Jewelry that will start marketing new brands of jewelry developed in the laboratory under the name Lightbox in September, offering customers high-quality, fashion jewelry designs at a lower price than the current lab-made diamond offerings.

• A & D Gem Corporation
• Arihant Jewellers Pvt. Ltd.
• B. Vijaykumar & Co.
• Blue Nile, Inc.
• Buccellati Holding SpA
• Chanel SA
• Dora Industries, Inc.
• Gemco Designs, com
• Graff Diamonds Corporation
• J.B. & Brothers Pvt. Ltd.