NEW YORK, February 8, 2023 /PRNewswire/ -- The global diamond jewelry market is expected to grow by USD 16.6 million between 2022 and 2027, according to Technavio. Market growth is expected to be 3% over the forecast period. North America will account 44% of the market growth over the forecast period.
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Global Diamond Jewelry Market – Five ForcesThe market for diamond jewelry is fragmented. The five forces analysis addresses-
Buyers have the ability to bargain
The threat from New Entrants
Rivalry is a threat
Suppliers' bargaining power
Threat of Substitutes
Porter's five models can be used to help strategize your business. For more details, please buy the report.
Global diamond jewelry market – Customer landscape This report covers the market's entire adoption lifecycle, starting from the innovator stage and ending at the laggard stage. The report focuses on the adoption rates in different regions, based on penetration. The report includes key purchasing criteria and price sensitive drivers to assist companies in evaluating and developing their growth strategies.
The highest growth rate in the rings segment is expected during the forecast period. Vendors are encouraged to enter the premium product category due to rising demand from middle-class customers for premium products during weddings and other celebrations. In Europe and North America, diamond rings are very popular. Customers are extremely brand-conscious. The market will be driven by the availability of a variety of rings designs during the forecast period.
Overview of geographyThe global diamond jewelry market can be divided into North America, APAC and Europe by geography. This report offers actionable insights and estimates how each region contributes to the growth in the global diamond jewelry industry.
The market's growth will be 44% in North America over the forecast period. High demand is being expressed in North America for unique and personalized jewelry made with cut and polished diamonds. This is especially true for wedding rings. Designer jewelry is in high demand during wedding and festive seasons. The rise of online retail technology is another factor driving the US diamond jewelry market. All these factors will be driving the North American diamond jewelry market.
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Global diamond jewelry market - Market dynamicsKey factor driving market growth
Market growth is driven by innovation in design and manufacturing technology.
Companies stand out in a highly competitive market for jewelry by creating unique and innovative designs and using high-quality precious metals.
As consumers become more fashion conscious, the demand for new jewelry designs is increasing.
The market for diamond jewelry will be influenced by factors such as the increasing demand for wedding jewellery and the rise of e-retailers that offer convenient services.
Market trends to watch
A growing number of market vendors are making different types of diamond jewelry is a key trend in this market.
Due to the increasing demand for different jewelry designs, the growth of the global diamond jewelry market will drive the expansion of international vendors.
Market growth will be driven by factors such as the increasing adoption of Omnichannel strategies, increasing M&A, and partnership activities.
Market growth is stifled by major challenges
Market growth is impeded by the presence of counterfeit products on e-retailing.
Due to rising brand consciousness and a preference for high-end products, counterfeit diamond jewelry is hindering the market's growth. Counterfeiters employ digital marketing strategies such as pay per click campaigns to imitate top brands and lure customers with counterfeit products at lower prices.
These counterfeit products are more common in the Middle East, Southeast Asia (UAE, Saudi Arabia and China), India, Malaysia, Singapore and Indonesia. This will slow down the market growth over the forecast period.
You can get some insight from the sample report on Driver, Trend and Challenges, which are factors that affect market dynamics.
What key data is included in the diamond jewelry market report?
Market CAGR during the forecast period
Information on the factors driving the growth of diamond jewelry between 2023-2027
Estimate the size and contribution of the diamond jewelry market to the parent market
Exact predictions of future trends and changes in consumer behaviour
The growth of diamond jewelry markets in North America, APAC Europe, Europe, Middle East, Africa and South America
An in-depth analysis of the market's competition and detailed information on vendors
Analyse in depth of all factors that could hinder the growth of diamond jewelry vendors
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Similar Reports:Gems and Jewelry Market By Distribution Channel, Type and Geography Forecast and Analysis 2023-2027. The market for gems and jewelry is expected to grow at a CAGR 7.55% between 2022 and 2030. Market size is expected to grow by USD 137.48 million. The market is driven by innovation in design and manufacturing technology. However, factors like rising labor costs and fluctuating raw materials prices could hinder market growth.
India's Costume Jewelry Market Growth, Size, Trends and Analysis Report by Type and Application, Segment Forecast 2022-2026. The market for costume jewelry in India will grow to USD 552.73 Million between 2021 and 2026. This market's growth momentum is expected to accelerate at an average CAGR of 8.8%. Although the affordable price of costume jewelry is driving India's growth, factors like lack of durability and other issues may hinder the market.
Diamond Jewelry Market Scope
Growth momentum & CAGR
Accelerate at a CAGR 3%
Market growth 2023-2027
USD 16.6 Billion
YoY growth 2022-2023 in (%)
North America, APAC Europe, Middle East, Africa and South America
North America at 44%
USA, China, India and Japan.
Market Positioning of Vendors and Competitive Strategies. Industry Risks
Key companies profiled
Chopard and Cie SA. LVMH Moet Shennessy Louis Vanitton SE. Malabar Gold and Diamonds. Pandora AS., Signet Jewelers Ltd.., Swarovski AG., Tacori Inc. and Tata Sons Pvt. Ltd.
Analyse of the Parent Market; Market growth obstacles and market growth inducers; Analysis of fast-growing and slow growing segments for the forecast period
Purview of customization
You can contact our analysts to request segments custom-made if the report does not contain the data you need.
Technavio "Consumer Discretionary” Research Reports available.
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 for 2022-2027
4 Historic Market Size
4.1 The 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
Analyse of 4.5 Country Segments 2017-2021
Analysis of the Five Forces
5.1 Five forces summary
5.2 Buyers' bargaining power
5.3 Suppliers' bargaining power
5.4 New entrants are a threat
5.5 Threat of substitutions
5.6 Threat of Rivalry
5.7 Market conditions
6 Market Segmentation By Product Type
6.1 Market segments
6.2 Comparison of Product Types
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 of Distribution Channels
7.3 Specialty shops - Market size and forecast 2022-2027
7.4 Department Stores - Market size, forecast 2022-2027
7.5 Discounters – Market size and forecast 2022-2027
7.6 Online retailers – Market size and forecast 2022-2027
7.7 Other - Market size, forecast 2022-2027
7.8 Market Opportunity by Distribution Channel
8 Customer Landscapes
8.1 Customer landscape overview
9 Geographic Landscapes
9.1 Geographic segmentation
9.2 Geographical 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, forecast 2022-2027
9.6 Middle East & Africa - Market size, forecast 2022-2027
9.7 South America Market Size and Forecast 2022-2027
9.8 US - Market size, 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 Opportunities in the market by geography
Ten Trends, Challenges, And Drivers
10.1 Market drivers
10.2 Market challenges
10.3 The impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning for 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 Shennessy Louis Vaitton 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.
13.1 Scope of this report
13.2 Checklist of exclusions and inclusions
13.3 Currency conversion rates to US$
13.4 Research methodology
13.5 List abbreviations
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