UK Diamond Market Size & Outlook, 2024-2030
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UK diamond market highlights
- The UK diamond market generated a revenue of USD 370.2 million in 2024 and is expected to reach USD 395.1 million by 2030.
- The UK market is expected to grow at a CAGR of 1.1% 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 370.2 million |
| Market revenue in 2030 | USD 395.1 million |
| Growth rate | 1.1% (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, UK accounted for 0.9% 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 Europe, Germany diamond market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 624.1 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 |
UK 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 96.16% in 2024. Horizon Databook has segmented the UK diamond market based on jewelry & ornaments, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the promising destinations for diamond market in Europe. The country is home to London Diamond Bourse, a diamond trading center at Hatton Garden in London.
There are specialist and non specialist jewelry retailers present in the UK diamond market with a large market share captured by the former.
Signet is one of the leading diamond jewelry retailers with around 500 retail stores in the country. Goldsmiths and Beaver brooks are other leading players present in the UK market.
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Target buyers of UK 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 UK diamond market , including forecasts for subscribers. This country databook contains high-level insights into UK diamond market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK diamond market size, by application, 2018-2030 (US$M)
UK Diamond Market Outlook Share, 2024 & 2030 (US$M)
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