Latin America Diamond Market Size & Outlook, 2024-2030
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Latin America diamond market highlights
- The Latin America diamond market generated a revenue of USD 993.8 million in 2024.
- The market is expected to grow at a CAGR of 2.2% 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, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 993.8 million |
| Market revenue in 2030 | USD 1,135.6 million |
| Growth rate | 2.2% (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, Latin America region accounted for 2.4% 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 |
Latin America 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 94.72% in 2024. Horizon Databook has segmented the Latin America diamond market based on jewelry & ornaments, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America diamond market is anticipated to witness moderate growth over the forecast period. This can be attributed to increase in jewelry sales coupled with emerging middle class population in the region.
The emerging middle-class population is one of the driving factors for diamond market as more people in this segment can now afford luxurious items such as jewelry including diamond products.
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Target buyers of Latin America 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 Latin America diamond market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America diamond market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America diamond market size, by country, 2018-2030 (US$M)
Latin America Diamond Market Outlook Share, 2024 & 2030 (US$M)
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