Skip to main content

Diamond Market Growth, Strategy And Forecast, 2019 - 2026

 The global diamond market size is anticipated to reach USD 123.83 billion by 2030, expanding at a CAGR of 3.0% over the forecast period, according to a new report by Grand View Research, Inc. The market is mainly driven by strong jewelry demand from emerging economies.

Download Free Sample  - https://www.radiantinsights.com/research/diamond-market/request-sample

Natural diamonds dominated the market in 2018 as they are one of the hardest materials available on earth and are mainly utilized for jewelry applications. Industrial applications of natural diamond account for a comparatively smaller share as compared to their synthetic counterparts, while their share in jewelry application is expected to gain prominence over the coming years.

Synthetic or lab grown diamonds were mainly used for industrial purposes, however, in recent years, the market has witnessed significant investments in synthetic production technologies for making quality products intended for jewelry applications. Approximately 2% of the diamond jewelry sold in 2018 was estimated to be produced synthetically or in a lab.

Major players in the market are making considerable investments in mining rough diamonds to sustain the rising demand. For instance, in October 2018, LUCAPA Diamond Company announced about the commencement of full scale diamond mining at its Mothae Mine in Mokhotlong. The recoveries from the mine are being processed through a plant, which has an annual capacity of 1.1 million ton. The company expects to double the capacity to 2.2 million ton per annum by 2021.

Browse Full Report with TOC - https://www.radiantinsights.com/research/diamond-market

Further Key Findings from the Report Suggest:

• Natural segment held the largest revenue share accounting for 96.2% of the global diamond market in 2018, owing to strong demand from jewelry application particularly from the U.S. and China

• Synthetic segment is predicted to grow at the fastest CAGR of 10.0% from 2019 to 2030 owing to its rapid penetration in the jewelry application. Synthetic diamond jewelry has been gaining popularity in the past few years on account of high affordability and low cost.

• Industrial application is projected to grow at a CAGR of 2.8% from 2019 to 2030 due to rising construction activities in terms of new construction as well as refurbishment activities around the globe

• North America dominated the market with a revenue share of 51.7%. The future outlook in North America is likely to be influenced by changing buying patterns of the millennials shifting from natural diamonds to synthetic or lab grown ones on account of low cost

• In March 2019, Debswana Diamond launched a new project called the Cut-9 with the aim to extend the life of the Jwaneng Mine until 2035. The new project is expected to yield 53 million carats of rough diamonds from 44 million tons of treated material. The project is worth an investment of USD 2 billion and has been given to the Majwe Mining Company for providing diamond mining services.

Comments

Post a Comment

Popular posts from this blog

Functional Tea Market is expected to boost the growth of the market over the forecast period.

Functional Tea refers to a series of teas that can contribute to bodily functions. In 2019, the market size of Functional Tea is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. Download Request sample copy -  https://www.innovationmarketresearch.com/market-reports/functional-tea-market/request-sample In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Functional Tea. This report studies the global market size of Functional Tea, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Functional Tea sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sal...
Post a Comment
Read more

Which are the biggest markets (regions) for Insulin Pen?

    The global Insulin Pen market was valued at $XX million in 2018, and Radiant Insights analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Insulin Pen from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Insulin Pen market. Download Free Sample  -  https://www.radiantinsights.com/research/2013-2028-report-on-global-insulin-pen-market/request-sample Leading players of Insulin Pen including: Novo Nordisk Sanofi-Aventis Eli Lilly OWEN Mumford WOCKHARDT Dongbao(YPSOMED) Gan & Lee Market split by Type, can be divided into: Reusable Insulin Pen Disposable Insulin Pen Market split by Application, can be divided into: Hospitals Clinics The Chemist's Shops Market sp...
Post a Comment
Read more

Mobile Marketing Market Trends & Scope, Product Estimates & Strategy Framework To 2014 - 2025

The global mobile marketing industry is expected to be directed by the Asia Pacific for the duration of the forecast. The development within the state can be credited to the growing purchasing power of the residents, increasing acceptance of smartphones, increasing accessibility to the networks of 3G & 4G along with the Internet, and the increasing alertness between business enterprises regarding the paybacks of the market for mobile marketing. Due to the huge number of service suppliers for mobile marketing together with the maximum infiltration percentage of smartphones, which is almost 77.0% of the entire populace in the U.S.A. North America detained nearby 41.0% share of revenue of the global market for mobile marketing in 2018. Additionally, improvement in the usage of OTT content is likely to bring about a substantial development of the regional market during the period of the forecast. Broadening the base of smartphone consumers, greater investment in the development of the ...
Post a Comment
Read more