Asia Pacific Diamond Market Size & Outlook, 2024-2030
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Asia Pacific diamond market highlights
- The Asia Pacific diamond market generated a revenue of USD 12,036.2 million in 2024.
- The market is expected to grow at a CAGR of 3.6% from 2025 to 2030.
- In terms of segment, jewelry & ornaments was the largest revenue generating application in 2024.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 12,036.2 million |
| Market revenue in 2030 | USD 14,880.0 million |
| Growth rate | 3.6% (CAGR from 2025 to 2030) |
| Largest segment | Jewelry & ornaments |
| Fastest growing segment | Industrial |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Jewelry & Ornaments, Industrial |
| Key market players worldwide | Petra Diamonds Ltd, Rio Tinto PLC ADR, Trans Hex, Lucara Diamond Corp, Alrosa, De Beers, Mountain Province Diamonds Inc, Arctic Canadian Diamond Company, Gem Diamonds Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.0% of the global diamond market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,880.0 million by 2030.
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Diamond Market Scope
Diamond Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gem Diamonds Ltd | View profile | 1401 | 2 Eaton Gate, London, United Kingdom, SW1W 9BJ | https://www.gemdiamonds.com |
| Arctic Canadian Diamond Company | View profile | 501-1000 | Calgary, Alberta, Canada, North America | https://www.ddmines.com/ |
| Mountain Province Diamonds Inc | View profile | 13 | 151 Yonge Street, Suite 1100, Toronto, ON, Canada, M5C 2W7 | https://www.mountainprovince.com |
| De Beers | View profile | 1001-5000 | London, England, United Kingdom, Europe | https://www.debeers.com/ |
| Alrosa | View profile | 10001+ | Mirny, Krasnodar, Russian Federation, Europe | https://www.alrosa.ru/ |
| Lucara Diamond Corp | View profile | 592 | 1250 Homer Street, 502, Vancouver, BC, Canada, V6B 2Y5 | http://www.lucaradiamond.com |
| Trans Hex | View profile | 251-500 | Cape Town, NA - South Africa, South Africa, Africa | https://www.transhex.co.za |
| Petra Diamonds Ltd | View profile | 3042 | 2 Church Street, Clarendon House, Hamilton, Bermuda, HM11 | https://www.petradiamonds.com |
| Rio Tinto PLC ADR | View profile | 57174 | 6 St James’s Square, London, United Kingdom, SW1Y 4AD | https://www.riotinto.com |
Asia Pacific diamond market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diamond market will help companies and investors design strategic landscapes.
Jewelry & ornaments was the largest segment with a revenue share of 93.56% in 2024. Horizon Databook has segmented the Asia Pacific diamond market based on jewelry & ornaments, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific emerged as the second-largest regional diamond market in 2018 and accounted for a revenue share of 28%. Ascending demand for jewelry in China and India is driving the diamond sales in the region.
This has led market players to increase their investments in the region considering the promising sales in the future.
In addition, ALROSA entered into certain long-term contracts with companies in China, India, the UAE, and Switzerland in early 2019.
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Target buyers of Asia Pacific diamond market databook
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Our clientele includes a mix of diamond market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific diamond market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific diamond market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific diamond market size, by country, 2018-2030 (US$M)
Asia Pacific Diamond Market Outlook Share, 2024 & 2030 (US$M)
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