Diamond Jewelry Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
A diamond is one of the most precious gemstones. Mankind has known diamonds since ancient times and used the gemstone as a decorative item for different jewelry and ornaments.
The high dispersion of light and its hardness gives diamond its characteristic of fire gemstone which makes it useful for applications in the industrial sector and in jewelry. Diamonds are certified on the basis of “four Cs” which are cut, color, clarity, and carat.
The key driver of the global diamond jewelry market is that diamonds are highly valuable. Prices of diamonds are not decided by governments and do not have any regulatory framework; hence, even during recession, diamonds are able to retain their market value. Lasting through multiple generations, diamonds carry a significant emotional value. Just as any other natural resource, with time, diamonds are becoming rare. This fact conveys the key important boosting result on value of diamonds for long period of time.
Diamonds have quality as well as artworks and also one of the very few goods that are good for investment. While consumers can wear their diamonds set into/as jewelry, simultaneously diamonds symbolize their most safe investments. Strong demand - predicted strong chance of increasing the price of diamond in the market in the forecasted period. While most other deluxe goods such as furniture, cars, furs, etc. lose their value over a period of time, in case of diamonds, this does not happen due to its unbreakable/durable nature. The major restraint for the diamond jewelery market is that diamonds are rare and expensive. However, the market is experiencing new trends such as increasing demand for branded jewelry, in both developed and developing economies. In emerging markets especially, consumers prefer branded products and services, which reduces the risk of wrong purchase. Being lab certified, consumers trust branded jewelry more than those sourced from privately owned jewelers. Another popular trend is the emerging market for men’s diamond jewelry with more men wearing bracelets, rings, studs, chains, and other forms of jewelry. Innovative designs in diamond jewelry for both men and women are available. Diamond jewelry designs are undergoing innovation, and are available in lightweight and delicate designs for daily wear. Connoisseurs are attracted by vintage jewelry and are willing to pay higher prices for such collections.
The global diamond jewelry market can be segmented based on product type, sales format, and geography. Based on product type, the market can be classified into rings, necklaces, earrings, bangles, and pendants. In terms of sales format the market can be segregated into speciality stores, department stores, discounters, online retailers and others (Catalogues and TV commercials). Based on geography, the global diamond jewelry market can be segmented into North America (Canada, Mexico, and the U.S.), Europe (Germany, France, Italy, and the U.K.), Asia Pacific (China, Japan, India, and South Korea), South America (Brazil and Argentina), and Middle East & Africa (MEA). The U.S is the major global diamond jewelry market.
Top players of the global diamond jewelry market are also focusing on diamond jewelry product portfolio extensions and product inventions in order to increase their share in the diamond jewelry market. Top players operating in the global diamond jewelry market include A & D Gem Corporation, Arihant Jewellers, B. Vijaykumar & Co., Blue Nile, Buccellati Jewelers, Chanel, Compagnie Financière Richemont , Dora International, Fame Diamonds, Gemco Designs, Graff Diamonds, J.B. And Brothers, Joyalukkas, Kirtilals, Laxmi Diamonds, Suashish Diamonds, Su-raj Diamonds and Jewelry, Tara Jewels, Tiffany, Titan,Tribhovandas Bhimji Zaveri, and Vaibhav Globa. Chopard, Piaget, Mikimoto, de Grisogono, Buccellati, Chaumet, DeBeers, Korloff, Pasquale Bruni
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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