Diamond Market Industry Forecast with Key Growth Drivers 2025–2032

The global diamond market size was USD 97.57 billion in 2024. The market is projected to grow from USD 102.10 billion in 2025 to USD 138.66 billion in 2032 at a CAGR of 4.5% during the forecast period. North America dominated the diamond market with a market share of 55.33% in 2024. Diamonds are one of the hardest materials on earth and are well-known as a gemstones. The growth of the market is credited to the surging demand for jewellery and its use in industrial applications. The product is widely used due to its extreme hardness. It is also used for research purposes to study the unique qualities of diamonds. This information is provided by Fortune Business Insights, in its report titled, “Diamond Market, 2025-2032.”