The Diamond Global Market Report 2023 by The Business Research Company, provides diamond market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Diamond Global Market Report 2023, the market size will grow from $2.43 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of diamond is expected to grow from $3.41 billion in 2027 at a CAGR of 7.5%.
The growth in the diamond market is due to the increasing population in developing countries such as China and India owing to rising disposable income, increased demand, and availability of credit. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Marine Mining is a form of Diamond that is used in offshore placer deposits.
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The diamond market is segmented:
1) By Type: Jewelry Making, and Industrial Applications
2) By Mining Type: Underground Mining, Surface Mining
Companies engaged in the diamond industry are using X-Ray Transmission (XRT) technology, to increase efficiency in their operations in the global diamond market. Under this technology, a mineral concentrate is passed through sensors that bombard each stone with X-rays and measure the absorption of each stone. XRT technology is quickly becoming the standard in the industry, as new mines begin using it and older mines make a transition to it.
The diamond market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Diamond Market Characteristics
4. Diamond Market Product Analysis
5. Leading Products/ Services
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19. Diamond Market Competitive Landscape
20. Key Mergers And Acquisitions In The Diamond Market
21. Market Background: General Mineral Mining Market
22. Recommendations
23. Appendix
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