Canada Diamond Market Size & Outlook, 2025-2030
Global Market
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Canada diamond market highlights
- The Canada diamond market generated a revenue of USD 332.5 million in 2024 and is expected to reach USD 418.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.9% 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.
Diamond market data book summary
| Market revenue in 2024 | USD 332.5 million |
| Market revenue in 2030 | USD 418.5 million |
| Growth rate | 3.9% (CAGR from 2025 to 2030) |
| Largest segment | Jewelry & ornaments |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Canada accounted for 0.8% of the global diamond market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. diamond market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 418.5 million by 2030.
The demand for diamonds in both jewelry and industrial applications is expected to remain strong over the coming years. Canada is one of the top countries in terms of the production of rough diamonds and is anticipated to remain a strong contributor to the overall diamond market in terms of revenue.
The developments and investments by giant diamond companies in mining are assisting the growth of diamond sector.
As per Natural Resources Canada, the country was at the second position in terms of diamond production volume and emerged as the third-largest in terms of production value in 2017.
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Publish Date: Dec 12, 2024
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Diamond Market Scope
Diamond Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rio Tinto PLC ADR | View profile | 57,174 | 6 St James’s Square, London, United Kingdom, SW1Y 4AD | www.riotinto.com |
| Petra Diamonds Ltd | View profile | 3,042 | 2 Church Street, Clarendon House, Hamilton, Bermuda, HM11 | www.petradiamonds.com |
| Trans Hex | View profile | 251-500 | Cape Town, NA - South Africa, South Africa, Africa | www.transhex.co.za |
| Lucara Diamond Corp | View profile | 592 | 1250 Homer Street, 502, Vancouver, BC, Canada, V6B 2Y5 | www.lucaradiamond.com |
| Alrosa | View profile | 10001+ | Mirny, Krasnodar, Russian Federation, Europe | www.alrosa.ru/ |
| De Beers | View profile | 1001-5000 | London, England, United Kingdom, Europe | www.debeers.com/ |
| Mountain Province Diamonds Inc | View profile | 13 | 151 Yonge Street, Suite 1100, Toronto, ON, Canada, M5C 2W7 | www.mountainprovince.com |
| Arctic Canadian Diamond Company | View profile | 501-1000 | Calgary, Alberta, Canada, North America | www.ddmines.com/ |
| Gem Diamonds Ltd | View profile | 1,401 | 2 Eaton Gate, London, United Kingdom, SW1W 9BJ | www.gemdiamonds.com |
Canada 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 Outlook will help companies and investors design strategic landscapes.
Jewelry & Ornaments was the largest segment with a revenue share of 75.97% in 2024.
Horizon Databook has segmented the Canada diamond market based on jewelry & ornaments, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for diamonds in both jewelry and industrial applications is expected to remain strong over the coming years. Canada is one of the top countries in terms of the production of rough diamonds and is anticipated to remain a strong contributor to the overall diamond market in terms of revenue.
The developments and investments by giant diamond companies in mining are assisting the growth of diamond sector.
As per Natural Resources Canada, the country was at the second position in terms of diamond production volume and emerged as the third-largest in terms of production value in 2017.
- Canada Diamond Market Application Outlook (Revenue, USD Million , 2018-2030)
- Jewelry & Ornaments
- Industrial
- Canada Diamond Market Product Outlook (Revenue, USD Million , 2018-2030)
- Natural
- Synthetic
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Diamond Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Diamond Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Diamond Market, 2018-2030 (US$M)
Canada diamond market statistics, by application, 2018-2030 (US$M)
