Diamond Price Trend

Diamond Prices  H2 2023

In the H2 of 2023, the average price of diamond in the United States reached 13.97 USD/ Carat.

Diamond Price Trend, Market Analysis, and News

IMARC's latest publication, “Diamond Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the diamond market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of diamond at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed diamond price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting diamond pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Diamond Market Analysis

The global diamond market size reached 122.84 Million Carats in 2023. By 2032, IMARC Group expects the market to reach 141.7 Million Carats, at a projected CAGR of 1.60% during 2023-2032.

• Diamonds continue to be highly sought in the jewelry market, driven by their cultural significance as symbols of wealth, love, and status. The enduring appeal of diamond engagement rings, wedding bands, and luxury accessories sustains a steady demand, creating a positive outlook for market expansion. In addition to this, seasonal peaks, such as during holidays and wedding seasons, further bolster this demand, ensuring a robust market for diamonds in various forms of personal adornment.
• Moreover, diamonds are increasingly viewed as an alternative investment asset, providing a hedge against economic volatility and inflation. Wealthy individuals and institutional investors consider diamonds a stable store of value. The portability, durability, and intrinsic value of diamonds make them an attractive addition to investment portfolios, strengthening the market growth. In line with this, the development of diamond investment funds and the increasing transparency in diamond grading and certification also contribute to their appeal as an investment option, fostering market expansion.
• Besides this, evolving fashion trends continually drive the demand for diamonds, as they remain a timeless and versatile accessory. Designers incorporate diamonds into contemporary and classic styles, appealing to a wide range of consumer preferences. In addition to this, celebrity endorsements and red-carpet appearances also influence consumer tastes, boosting the market demand.
• Along with this, the growing emphasis on ethical sourcing and certification of diamonds, such as through the Kimberley Process, has improved consumer confidence and driven demand. Transparency in the supply chain ensures that diamonds are conflict-free, addressing concerns about human rights and environmental impact. Moreover, with brands continuously committing to ethical and sustainable practices to appeal to conscientious consumers, the market will sustain robust growth.
• Furthermore, continuous innovation in jewelry design keeps diamonds fashionable and desirable. Jewelers constantly experiment with new settings, cuts, and combinations with other gemstones, catering to diverse consumer tastes. Concurrently, the introduction of avant-garde and artisanal designs that attract younger generations who seek contemporary and unique pieces is impelling the market growth.
• Apart from this, the expansion of digital and e-commerce platforms has revolutionized the diamond market, making them more accessible to a global audience. Online retailers offer a wide selection of diamond jewelry with detailed descriptions, certifications, and competitive pricing. In addition to this, they also offer virtual try-on features, customization options, and comprehensive educational resources, attracting tech-savvy consumers and thereby providing an impetus to the market growth.

Diamond News

The report covers the latest developments, updates, and trends impacting the price of diamond, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the diamond price trend.

Latest developments in the diamond industry:

• In May 2024, De Beers Group launched its latest diamond verification tool at the JCK trade show in Las Vegas, introducing advanced synthetic diamond detection technology to retail. This innovation marks its debut at consumer counters, aimed at distinguishing between natural diamonds and lab-grown diamonds (LGDs). The move aims to bolster consumer confidence in diamond authenticity and quality assurance in the retail market.
• In June 2024, The International School of Gems & Jewellery (ISGJ) and the International Diamond Laboratory (IDL) jointly launched a cutting-edge center in Ahmedabad. This institute and testing laboratory, inaugurated with notable figures from the industry, including Jigar Soni and Jaysukhbhai B Koldiya, aims to advance diamond, gemstone, and jewelry analysis and evaluation.

Product Description

Diamond is a crystalline form of carbon renowned for its exceptional hardness and brilliance. It is formed under high-pressure, high-temperature conditions in the Earth's mantle and brought to the surface through volcanic activity. Diamonds are composed entirely of carbon atoms arranged in a cubic crystal lattice, which gives them their extraordinary physical properties. This arrangement makes diamonds the hardest known natural material, capable of scratching any other substance.

Diamonds have a wide range of applications beyond their traditional use in jewelry. Due to their unparalleled hardness, they are extensively used in industrial applications for cutting, grinding, drilling, and polishing. Diamond-tipped tools are essential in mining, construction, and manufacturing industries, where precision and durability are critical. Additionally, diamonds are utilized in high-performance bearings and heat sinks due to their excellent thermal conductivity. Besides this, they are being explored in the field of electronics for use in semiconductor technology due to their ability to conduct heat and withstand high voltages.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the diamond price trend. 

Global Diamond Price

The report offers a holistic view of the global diamond pricing trends in the form of diamond price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of diamond, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed diamond demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Diamond Price

European diamond prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for diamond can also be provided for an extensive list of European countries.

North America Diamond Price

The analysis of diamond prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific diamond historical data within the United States and Canada can also be provided.

Middle East and Africa Diamond Price

The report explores the diamond pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Diamond Price

The diamond pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This diamond price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Diamond Price

The analysis of diamond prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of diamond pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting diamond price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The diamond price charts ensure our clients remain at the forefront of the industry.