NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global diamond market size is estimated to grow by USD 42.72 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 8.09% during the forecast period. Growing demand for wedding jewelry is driving market growth, with a trend towards rising demand for synthetic diamonds from emerging applications.
However, presence of counterfeit products in e-retailing space poses a challenge.Key market players include Anglo American plc, BlueStone Jewellery and Lifestyle Pvt. Ltd.
, Brilliant Earth LLC, Cartier SA, Chanel Ltd., Compagnie Financiere Richemont SA, DAMIANI S.p.
A., F.lli Pisa SRL, Graff Diamonds Ltd.
, Kalyan Jewellers India Ltd., Kering SA, Malabar Gold and Diamonds, Pandora AS, Sheetal Group, Signet Jewelers Ltd., Swarovski AG, Tacori Inc.
, and The Swatch Group Ltd.. Key insights into market evolution with AI-powered analysis.
Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The diamond market is buzzing with trends, from the formation of these rare minerals to their various applications. Diamonds are the hardest natural gemstone, formed under extreme pressure and high temperature. They're prized for their beauty in jewelry and ornaments, but also for their industrial uses.
Industrial diamonds are used in cutting tools, grinding tools, and metal machining. Synthetic diamonds, created through processes like Chemi.
