NEW YORK, Feb. 8, 2023 /PRNewswire/ -- According to Technavio, the global diamond jewelry market size is estimated to grow by USD 16.6 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 3% during the forecast period. North America will account for 44% of the market's growth during the forecast period.

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Global Diamond Jewelry Market - Five Forces
The global diamond jewelry market is fragmented, and the five forces analysis covers–

• Bargaining Power of Buyers

• The threat of New Entrants

• Threat of Rivalry

• Bargaining Power of Suppliers

• Threat of Substitutes

• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global diamond jewelry market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global diamond jewelry market - Segmentation assessment

Segment Overview
Technavio has segmented the market based on type (rings, necklaces, earrings, bangles, and pendants), distribution channel (specialty stores, department stores, discounters, online retailers, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

• The rings segment will grow at the highest rate during the forecast period. The rising demand for premium products from middle-class customers during weddings and festivities encourages vendors to venture into the premium products category. Diamond rings are particularly popular in North America and Europe, where customers are highly brand conscious. The availability of various designs in rings is expected to attract customers and drive the market during the forecast period.

Geography overview
By geography, the global diamond jewelry market is segmented into North America, APAC, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global diamond jewelry market.

• North America will account for 44% of the market's growth during the forecast period. The North American diamond jewelry market is experiencing high demand for personalized and unique design jewelry with cut and polished diamonds, particularly in wedding rings. The demand for designer jewelry in the North American market peaks during the festive and wedding seasons. Moreover, the growth of the diamond jewelry market in the US is also driven by the rising technological innovation in online retail. Hence, all these factors will drive the diamond jewelry market in North America.

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Global diamond jewelry market – Market dynamics
Key factor driving market growth

• Innovation in terms of design and manufacturing technology is notably driving market growth.

• Unique and innovative jewelry designs, combined with high-quality precious metals and authentic gemstones, are key factors that set companies apart in a competitive jewelry market.

• The demand for innovative jewelry designs is driving the market, as consumers are willing to pay a premium price due to their increasing fashion consciousness.

• Furthermore, factors like the growing demand for wedding jewelry and the growth of e-retailers providing convenient services will also drive the diamond jewelry market during the forecast period.

Leading trends influencing the market 

• The growing number of market vendors making diamond jewelry of different designs is the key trend in the market. 

• The growth of the diamond jewelry market during the forecast period will be driven by the expansion of vendors worldwide due to increasing demand for diverse jewelry designs.

• Furthermore, factors like increasing adoption of omnichannel strategies and increasing M&A and partnership activities will also act as a major trend and will drive the market during the forecast period.

Major challenges hindering the market growth

• The presence of counterfeit products in the e-retailing space is the major challenge impeding market growth.

• The growth of the diamond jewelry e-retail market is hindered by the proliferation of counterfeit products due to growing brand consciousness and preference for luxury goods. Counterfeiters use digital marketing strategies, such as pay-per-click campaigns, to mimic top brands and attract customers with fake products at lower prices.

• These counterfeit products are more prevalent in the Middle East and Southeast Asia, including UAE, Saudi Arabia, Indonesia, China, India, Malaysia, and Singapore, which will slow down market growth during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this diamond jewelry market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the diamond jewelry market between 2023 and 2027

• Precise estimation of the size of the diamond jewelry market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the diamond jewelry markets across North America, APAC, Europe, Middle East and Africa, and South America

• A thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of the diamond jewelry market vendors

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Related Reports:Gems and Jewelry Market by Distribution Channel, Type and Geography - Forecast and Analysis 2023-2027: The gems and jewelry market is estimated to grow at a CAGR of 7.55% between 2022 and 2027. The size of the market is forecast to increase by USD 137.48 billion. Innovation in terms of design and manufacturing technology is notably driving the market growth, although factors such as the rising labor cost and fluctuating raw material prices may impede the market growth.

Costume Jewelry Market in India Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The costume jewelry market share in India is expected to increase to USD 552.73 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.08%. The affordable pricing of costume jewelry is notably driving the costume jewelry market growth in India, although factors such as lack of durability may impede the market growth.

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Table of Contents

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global diamond jewelry market 2017 - 2021

• 4.2 Product Type Segment Analysis 2017 - 2021

• 4.3 Distribution channel Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Product Type

• 6.1 Market segments

• 6.2 Comparison by Product Type

• 6.3 Rings - Market size and forecast 2022-2027

• 6.4 Necklaces - Market size and forecast 2022-2027

• 6.5 Earrings - Market size and forecast 2022-2027

• 6.6 Bangles - Market size and forecast 2022-2027

• 6.7 Pendants - Market size and forecast 2022-2027

• 6.8 Market opportunity by Product Type

7 Market Segmentation by Distribution Channel

• 7.1 Market segments

• 7.2 Comparison by Distribution Channel

• 7.3 Specialty stores - Market size and forecast 2022-2027

• 7.4 Department stores - Market size and forecast 2022-2027

• 7.5 Discounters - Market size and forecast 2022-2027

• 7.6 Online retailers - Market size and forecast 2022-2027

• 7.7 Others - Market size and forecast 2022-2027

• 7.8 Market opportunity by Distribution Channel

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027

• 9.4 APAC - Market size and forecast 2022-2027

• 9.5 Europe - Market size and forecast 2022-2027

• 9.6 Middle East and Africa - Market size and forecast 2022-2027

• 9.7 South America - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 China - Market size and forecast 2022-2027

• 9.10 India - Market size and forecast 2022-2027

• 9.11 Japan - Market size and forecast 2022-2027

• 9.12 UK - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 Anglo American plc

• 12.4 Brilliant Earth LLC

• 12.5 Cartier SA

• 12.6 Compagnie Financiere Richemont SA

• 12.7 DAMIANI S.p.A.

• 12.8 F.lli Pisa SRL

• 12.9 Harry Winston Inc.

• 12.10 Kering SA

• 12.11 Le petit fils de L.U. Chopard and Cie SA

• 12.12 LVMH Moet Hennessy Louis Vuitton SE

• 12.13 Malabar Gold and Diamonds

• 12.14 Parker Diamonds

• 12.15 Signet Jewelers Ltd.

• 12.16 Tacori Inc.

• 12.17 Tata Sons Pvt. Ltd.

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

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