China Diamond Market Size & Outlook, 2024-2030
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China diamond market highlights
- The China diamond market generated a revenue of USD 5,721.8 million in 2024 and is expected to reach USD 7,254.5 million by 2030.
- The China market is expected to grow at a CAGR of 4% 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 5,721.8 million |
| Market revenue in 2030 | USD 7,254.5 million |
| Growth rate | 4% (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, China accounted for 13.8% 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 Asia Pacific, China diamond market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,254.5 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 |
China 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 96.21% in 2024. Horizon Databook has segmented the China diamond market based on jewelry & ornaments, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
As of 2018, China emerged as the second-largest diamond market after the U.S. and accounted for a market revenue share of 13.2%. The millennials in the country mainly contribute to the demand for diamond jewelry.
This indicates a large potential for the market to expand further. Considering the growing potential for diamond jewelry in the country, the existing market players are making attempts to further invest and expand their target audience.
Reasons to subscribe to China diamond market databook:
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Target buyers of China 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 country-level data and insights on the China diamond market , including forecasts for subscribers. This country databook contains high-level insights into China diamond market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China diamond market size, by product, 2018-2030 (US$M)
China Diamond Market Outlook Share, 2024 & 2030 (US$M)
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