Diamond Statistics 2025 By Carat, Size, Rarity

Introduction

Diamond Statistics: Diamonds are renowned for their exceptional brilliance and durability, stemming from their pure carbon composition and formation deep within the Earth.

They rank as the hardest natural substance, scoring a perfect ten on the Mohs scale. The clarity of diamonds refers to the absence of internal flaws and external blemishes.

Alongside their diverse range of colors, from colorless to fancy hues like yellow and pink, adds to their allure.

The cut of a diamond plays a crucial role in its sparkle and brilliance. While carat weight measures its size and rarity.

Certified by esteemed laboratories like GIA or AGS, diamonds are valued not only for their aesthetic appeal in jewelry but also for their industrial applications. Where their hardness makes them ideal for cutting tools and technological uses.

Editor’s Choice

• The global diamond market revenue reached USD 101.9 billion in 2023.
• By 2032, the market is expected to grow to USD 140.1 billion. With natural diamonds at USD 86.86 billion and synthetic diamonds at USD 53.24 billion.
• The global diamond market is predominantly driven by the jewelry and ornaments segment. Which holds a commanding market share of 65%.
• In 2022, the market value of diamond jewelry worldwide was prominently led by the United States, which accounted for USD 47.7 billion. Reflecting its significant consumer demand and purchasing power.
• In 2023, Russia led the world in diamond reserves, boasting 860 million carats.
• In 2022, India led the global diamond export market with an export value of USD 26.1 billion, representing 21.20% of total diamond exports.
• As of January 2024, the average price per carat was USD 213.6, with a slight decrease to USD 209.2 by April 2024.

Diamond Market Overview

Global Diamond Market Size Statistics

• The global diamond market has exhibited consistent growth over the years at a CAGR of 3.70%. With revenues escalating from USD 98.3 billion in 2022 to USD 101.9 billion in 2023.
• This upward trajectory is expected to continue, with projected revenues reaching USD 105.2 billion in 2024 and further climbing to USD 110.1 billion in 2025.
• By 2026, the market is anticipated to generate USD 114.7 billion, followed by USD 118.4 billion in 2027.
• The trend of steady growth persists, with forecasts indicating revenues of USD 121.1 billion in 2028 and USD 125.6 billion in 2029.
• Looking towards the next decade, the market is projected to achieve revenues of USD 129.7 billion in 2030, USD 134.5 billion in 2031, and an impressive USD 140.1 billion by 2032.
• This sustained growth underscores the robust demand and enduring value of diamonds in the global market.

(Source: market.us)

Diamond Market Size – By Type Statistics

• The global diamond market, segmented by type, has shown notable growth in both natural and synthetic diamonds.
• In 2022, the total market revenue was USD 98.3 billion, with natural diamonds contributing USD 60.95 billion and synthetic diamonds accounting for USD 37.35 billion.
• This upward trend continued into 2023, with the market reaching USD 101.9 billion. Where natural diamonds generated USD 63.18 billion and synthetic diamonds USD 38.72 billion.
• By 2024, the market is expected to grow to USD 105.2 billion. With natural diamonds at USD 65.22 billion and synthetic diamonds at USD 39.98 billion.
• The year 2025 is projected to see total revenues of USD 110.1 billion. Driven by natural diamonds at USD 68.26 billion and synthetic diamonds at USD 41.84 billion.
• This growth pattern persists through 2026, reaching USD 114.7 billion. With natural diamonds at USD 71.11 billion and synthetic diamonds at USD 43.59 billion.

More Insights

• In 2027, the market is anticipated to reach USD 118.4 billion, with natural diamonds contributing USD 73.41 billion and synthetic diamonds USD 44.99 billion.
• By 2028, the market will likely grow to USD 121.1 billion. With natural diamonds at USD 75.08 billion and synthetic diamonds at USD 46.02 billion.
• The year 2029 is forecasted to see the market at USD 125.6 billion. With natural diamonds at USD 77.87 billion and synthetic diamonds at USD 47.73 billion.
• The market is expected to reach USD 129.7 billion in 2030, with natural diamonds at USD 80.41 billion and synthetic diamonds at USD 49.29 billion.
• In 2031, total revenues are projected at USD 134.5 billion, with natural diamonds at USD 83.39 billion and synthetic diamonds at USD 51.11 billion.
• By 2032, the market is expected to grow to USD 140.1 billion. With natural diamonds at USD 86.86 billion and synthetic diamonds at USD 53.24 billion.
• This consistent growth highlights the increasing demand for both natural and synthetic diamonds in the global market.

(Source: market.us)

Diamond Market Share – By Application Statistics

• The global diamond market is predominantly driven by the jewelry and ornaments segment, which holds a commanding market share of 65%.
• This sector underscores the enduring allure and demand for diamonds in creating luxurious and high-value personal adornments.
• Meanwhile, the industrial segment accounts for the remaining 35% of the market share.
• Industrial applications of diamonds, valued for their unparalleled hardness and thermal conductivity, are crucial in various cutting, grinding, and drilling processes.
• Together, these segments illustrate the diverse applications and substantial value of diamonds across different industries.

(Source: market.us)

Market Value of Lab-Grown Diamond Worldwide Statistics

• The market for lab-grown diamonds has experienced substantial growth and is poised for significant expansion.
• In 2021, the global market value of lab-grown diamonds was recorded at USD 20.3 billion.
• This market is projected to witness a robust increase, with forecasts indicating that by 2030, the market value will reach USD 51.9 billion.
• This remarkable growth underscores the rising acceptance and demand for lab-grown diamonds as a viable and sustainable alternative to natural diamonds, driven by advancements in technology and changing consumer preferences.

(Source: Statista)

Growth of The Global Diamond Jewelry Market Statistics

• The global diamond jewelry market has experienced varying growth rates from 2010 to 2022.
• In 2010, the market saw a robust value growth rate of 10.50%.
• This was followed by a moderate increase of 4.90% in 2011 and a more subdued growth of 3.20% in 2012.
• The growth rate slightly improved to 3.40% in 2013 but then declined to 2.80% in 2014.
• In 2015, the market faced a contraction with a negative growth rate of -1.70%, and in 2016, it stagnated with a 0% growth rate.
• However, the market rebounded in 2017 with a 3.30% increase, followed by a 2.80% growth in 2018.
• The growth rate slowed to 0.70% in 2019.
• The year 2020 marked a significant downturn, with the market experiencing a sharp decline of -14% due to the global pandemic’s impact.
• A substantial recovery occurred in 2021, with a remarkable growth rate of 27%.
• However, in 2022, the market faced a slight decline of –0.30%.
• This fluctuating pattern highlights the market’s sensitivity to global economic conditions and consumer demand dynamics.

(Source: Statista)

Market Value of Diamond Jewelry Worldwide – By Country Statistics

• In 2022, the market value of diamond jewelry worldwide was prominently led by the United States, which accounted for USD 47.7 billion, reflecting its significant consumer demand and purchasing power.
• China followed with a market value of USD 8.8 billion, showcasing its substantial influence in the global diamond jewelry market.
• India, with its rich cultural affinity for diamonds, contributed USD 5 billion.
• Japan’s market value stood at USD 4.7 billion, while the Gulf region accounted for USD 3.1 billion, driven by its luxury market segment.
• The rest of the world collectively represented a market value of USD 17.2 billion.
• These figures illustrate the diverse geographic distribution of diamond jewelry demand, highlighting the dominant role of the United States and the growing significance of markets in Asia and the Gulf.

(Source: Statista)

Global Diamond Reserves – By Country Statistics

• In 2023, Russia led the world in diamond reserves, boasting 860 million carats.
• Botswana followed with significant reserves of 280 million carats, underscoring its pivotal role in the global diamond industry.
• Both Angola and the Democratic Republic of Congo held substantial reserves of 150 million carats each.
• South Africa, another key player in the diamond market, had reserves amounting to 95 million carats.
• Other countries collectively accounted for 120 million carats of diamond reserves.
• These figures highlight the concentration of diamond resources in a few leading countries, with Russia holding the majority share. Followed by notable contributions from Botswana, Angola, the Democratic Republic of Congo, and South Africa.

(Source: Statista)

Diamond Production Statistics

Global Diamond Production Volume Statistics

• The global diamond production volume has shown significant fluctuations between 2015 and 2025.
• In 2015, the production volume was 130.4 million carats, which increased to 135.7 million carats in 2016.
• The peak production was observed in 2017, with a notable rise to 152.1 million carats.
• However, this was followed by a decline to 148.9 million carats in 2018 and further down to 141.5 million carats in 2019.
• The downward trend continued into 2020, with production decreasing to 138.6 million carats and reaching 131.4 million carats in 2021.
• A slight recovery was seen in 2022, with a production volume of 133.4 million carats.
• However, forecasts indicate a decline in the subsequent years, with production expected to fall to 129.8 million carats in 2023, 128.9 million carats in 2024, and further to 124.6 million carats by 2025.
• This trend reflects various factors affecting the diamond mining industry, including resource depletion, regulatory changes, and shifting market dynamics.

(Source: Statista)

Diamond Production – By Country Statistics

• In 2021, diamond production across key countries saw notable increases compared to 2020.
• Russia led the global production with 39.1 million carats, up from 31.2 million carats in 2020.
• Botswana followed, producing 22.9 million carats in 2021, a significant rise from 16.9 million carats the previous year.
• Canada also experienced a substantial increase, producing 17.6 million carats in 2021 compared to 13.1 million carats in 2020.
• The Democratic Republic of Congo (DR Congo) saw its production grow from 12.7 million carats in 2020 to 14.1 million carats in 2021.
• South Africa produced 9.7 million carats in 2021, up from 8.5 million carats in 2020.
• Angola’s production increased from 7.7 million carats in 2020 to 8.7 million carats in 2021.
• Zimbabwe’s production more than doubled, rising from 2.7 million carats in 2020 to 4.2 million carats in 2021.
• Namibia saw a modest increase from 1.5 million carats in 2020 to 1.8 million carats in 2021.
• Sierra Leone’s production also rose from 0.6 million carats in 2020 to 0.8 million carats in 2021.
• Conversely, Lesotho experienced a slight decline, with production dropping from 0.5 million carats in 2020 to 0.3 million carats in 2021.
• This data illustrates the overall growth in diamond production among the leading countries. Reflecting recovery and expansion in the diamond mining industry.

(Source: The Global Economy)

Distribution of Diamond Production – By Country Statistics

• In 2022, the distribution of diamond production worldwide based on value was predominantly led by Botswana, which accounted for 29% of the global market.
• Russia followed with a 22% share, underscoring its significant contribution to the diamond industry.
• Both Angola and Canada each contributed 12% to the global diamond production value.
• South Africa’s share stood at 10%, reflecting its ongoing role in the diamond market.
• The remaining 15% of the diamond production value was distributed among other countries.
• This distribution highlights the dominance of a few key players, particularly Botswana and Russia, in the global diamond industry.

(Source: Statista)

Global Diamond Import Statistics

• In the global diamond import market, India emerged as the leading importer in 2022, with a value of USD 27.3 billion, accounting for 21.60% of total diamond imports.
• The United States followed closely with imports valued at USD 23.7 billion, representing 18.80%.
• Hong Kong imported diamonds worth USD 15.7 billion, contributing 12.50% to the global import market.
• The United Arab Emirates had an import value of USD 13.3 billion, making up 10.50%, while Belgium’s diamond imports amounted to USD 12.8 billion, or 10.20%.
• China imported diamonds valued at USD 8.5 billion, equating to 6.70% of the total imports.
• Israel’s imports stood at USD 5.9 billion, representing 4.70%. Followed by Switzerland with USD 2.4 billion (1.90%) and Thailand with USD 2.3 billion (1.90%).
• Botswana’s imports were valued at USD 2.2 billion, making up 1.70% of the market.
• The United Kingdom imported USD 1.6 billion worth of diamonds, contributing 1.30%, while Singapore’s imports totaled USD 1.5 billion, or 1.20%.
• France and Italy had diamond import values of USD 1.1 billion (0.90%) and USD 0.97 billion (0.80%), respectively.
• South Africa rounded out the list with diamond imports worth USD 0.84 billion, accounting for 0.70% of the global market.
• This distribution highlights the significant role these countries play in the international diamond trade.

(Source: Statista)

Global Diamond Export Statistics

• In 2022, India led the global diamond export market with an export value of USD 26.1 billion, representing 21.20% of total diamond exports.
• The United States followed with exports worth USD 20.3 billion, accounting for 16.50%.
• The United Arab Emirates exported diamonds valued at USD 17.5 billion, contributing 14.20% to the global market.
• Hong Kong’s diamond exports stood at USD 14.3 billion, making up 11.60%, while Belgium exported diamonds worth USD 13.4 billion, or 10.90%.
• Israel had diamond exports valued at USD 7.9 billion, representing 5.93%, followed by China, with exports totaling USD 3.61 billion, equating to 3.61% of the market.
• Switzerland’s diamond exports were valued at USD 2.7 billion, contributing 2.20%, and Thailand exported diamonds worth USD 2.4 billion, accounting for 1.95%.
• Botswana’s exports were valued at USD 2.1 billion, making up 1.73% of the market.
• Singapore exported diamonds worth USD 1.92 billion, representing 1.56%, while the United Kingdom had exports totaling USD 1.79 billion, or 1.46%.
• Italy and South Africa rounded out the list with diamond export values of USD 0.95 billion (0.77%) and USD 0.6 billion (0.49%), respectively.
• These figures illustrate the diverse and significant contributions of these countries to the global diamond export market.

(Source: OEC World)

Diamond Sales Statistics

• In 2024, the global sales of diamond jewelry are forecasted to exhibit substantial growth, segmented by diamond type.
• The nominal sales of jewelry featuring natural diamonds are projected to reach USD 72 billion, reflecting their continued dominance and enduring appeal in the market.
• Lab-grown diamonds are also expected to see significant sales, with nominal sales anticipated at USD 11 billion.
• Additionally, the market for lab-grown diamonds is expected to experience incremental sales growth of USD 7 billion.
• This highlights the increasing acceptance and demand for lab-grown diamonds as a viable and sustainable alternative to natural diamonds. Driven by technological advancements and shifting consumer preferences towards more ethical and cost-effective options.

(Source: Statista)

Sales in Major Diamond Centers Worldwide

• As of 2012, diamond sales in major diamond centers worldwide varied significantly.
• Antwerp led the global market with sales estimated between USD 50 billion and USD 55 billion.
• Dubai followed, with diamond sales ranging from USD 40 billion to USD 45 billion.
• In New York, sales were estimated between USD 35 billion and USD 40 billion.
• Hong Kong’s diamond sales were between USD 30 billion and USD 35 billion. While Mumbai’s sales ranged from USD 25 billion to USD 30 billion.
• Tel Aviv had the lowest sales among these major centers, estimated between USD 22 billion and USD 27 billion.
• This data highlights the prominent role of these cities in the global diamond trade. With Antwerp and Dubai leading the market in sales value.

(Source: Statista)

Diamond Price Statistics

Average Price Per Carat of All Diamonds

• The average price per carat of all diamonds has demonstrated notable fluctuations over the past few years.
• In January 2022, the average price was USD 221.6 per carat, which increased to USD 231.1 per carat by April 2022.
• By September 2022, the price had slightly decreased to USD 227 per carat, but then a significant rise occurred to USD 255 per carat in December 2022.
• However, in January 2023, the average price dropped to USD 217.3 per carat and continued to decline to USD 207.9 per carat by April 2023.
• In September 2023, the price slightly recovered to USD 213.8 per carat and maintained a similar level at USD 214.1 per carat in December 2023.
• As of January 2024, the average price per carat was USD 213.6, with a slight decrease to USD 209.2 by April 2024.
• This data illustrates the volatility in diamond pricing, influenced by market dynamics and global economic conditions.

(Source: DiamondSE.info)

Average Price of Diamonds – By Carat Weight Range

• As of April 1, 2024, the average price per carat of diamonds varies significantly based on the carat weight range.
• Diamonds weighing less than 0.50 carats have an average price of USD 2,190 per carat.
• For diamonds in the 0.51 to 0.99 carat range, the average price increases to USD 2,896 per carat.
• Diamonds that fall within the 1.00 to 1.49 carat range are priced at an average of USD 4,448 per carat.
• The 1.50 to 1.99 carat range sees a further increase in average price to USD 6,649 per carat.
• For diamonds weighing between 2.00 and 2.99 carats, the average price per carat is USD 8,918.
• Larger diamonds in the 3.00 to 3.99 carat range command an average price of USD 12,792 per carat, while those in the 4.00 to 4.99 carat range have an average price of USD 16,587 per carat.
• Diamonds weighing 5.00 carats or more reach the highest average price per carat, at USD 21,536.
• This breakdown highlights the premium placed on larger diamonds, reflecting their rarity and desirability in the market.

(Source: DiamondSE.info)

Price Difference of Lab-Created Diamonds from Natural Diamonds – By Cost Category

• As of September 2023, lab-created diamonds in the United States exhibit significant cost differences compared to natural diamonds across various cost categories.
• The rough cost of lab-created diamonds is 99% lower than that of natural diamonds.
• The cutting cost shows a 28% reduction, while the certification cost (cert cost) is 65% less.
• Other associated costs are 24% lower for lab-created diamonds.
• Overall, the total cost difference stands at 98% less for lab-created diamonds.
• In terms of business-to-business (B2B) and business-to-consumer (B2C) prices, lab-created diamonds are 98% and 89% cheaper, respectively.
• Interestingly, the markup for lab-created diamonds is only 1.56% higher.
• However, jewelers’ profit from selling lab-created diamonds is 61% less than that from natural diamonds, despite the jeweler’s profit margin being 345% higher.
• This data highlights the substantial cost advantages of lab-created diamonds, making them a more affordable alternative to natural diamonds while still yielding significant profit margins for jewelers.

(Source: Statista)

Spending on Diamond Ornaments

• In 2021, the average expenditure on diamond engagement rings rose to $7,011, marking a 6.1% increase from the previous year.
• The proportion of lab-grown diamond rings increased from 19% in 2020 to over 24% in 2021.
• The average price of a lab-grown diamond engagement ring rose from $4,037 to $4,383, an 8.6% increase. Reinforcing their typical cost advantage of 40% to 50% compared to natural diamonds.
• Expenditure on natural diamond engagement rings also rose. From an average of $7,197 in 2020 to $8,053 in 2021, a nearly 12% increase.
• Most rings feature diamond center stones weighing between 1.0 and 1.5 carats, with the average stone size increasing from 1.20 carats in 2020 to 1.32 carats in 2021.
• The highest average spending on engagement rings was in the Mid-Atlantic region at $9,343, while the lowest was observed in the West North Central region, averaging $3,831.

(Source: BriteCo Survey)

Consumer Preference and Awareness of Diamond Types

Consumer Preference of Diamond Types

• As of the latest data, consumer preference for diamond types shows a strong inclination towards natural diamonds, which are favored by 84% of consumers.
• In contrast, lab-grown diamonds are preferred by 16% of consumers.
• This preference indicates the enduring appeal and perceived value of natural diamonds, although there is a growing acceptance of lab-grown diamonds as a viable and sustainable alternative.
• The data reflects the traditional dominance of natural diamonds in the market while acknowledging the increasing interest in lab-grown options.

(Source: Instore Magazine)

Awareness and Knowledge of Lab-Grown Diamonds

• The awareness and knowledge of lab-grown diamonds among consumers reveal interesting insights. A significant
• 79% of consumers are aware of lab-grown diamonds, while 21% remain unaware of their existence.
• Among those who are aware, 41% do not understand the differences between lab-grown and natural diamonds.
• This data highlights a substantial level of awareness but also underscores the need for better consumer education on the distinct characteristics and benefits of lab-grown diamonds to enhance informed purchasing decisions.

(Source: Instore Magazine)

Design Preferences for Lab-Grown vs. Natural Diamonds

• For those opting for lab-grown diamonds, 47% prefer modern and fashionable designs, while 37% favor traditional and classic styles, and 16% are inclined towards vintage styling.
• In contrast, among consumers choosing natural diamonds, 38% prefer modern and fashionable designs, 49% lean towards traditional and classic styles, and 14% favor vintage styling.
• This data indicates that lab-grown diamonds are more popular among consumers seeking contemporary and trendy designs.
•  In contrast, natural diamonds are predominantly preferred by those with a taste for traditional and classic aesthetics.

(Source: Instore Magazine)

Regulations for Diamonds

• The regulations for diamonds vary by country, focusing on traceability and origin to ensure ethical sourcing and prevent the financing of conflicts.
• The U.S., under the Office of Foreign Assets Control (OFAC), prohibits the import of non-industrial diamonds mined in Russia unless they have been substantially transformed outside of Russia. Effective from March 1, 2024, diamonds over 1 carat, and from September 1, 2024, those over 0.5 carats are included​​​​.
• The UK mirrors these regulations, banning the import of Russian-origin diamonds processed in third countries, effective March 2024 for diamonds over 1 carat and September 2024 for those over 0.5 carat​​​​.
• Canada, aligned with the G7, has implemented similar bans, extending to all diamonds and diamond-related products from Russia​​.
• These measures aim to reduce revenues supporting Russia’s activities in Ukraine and ensure consumers are purchasing ethically sourced diamonds.

(Source: Government of U.K., Mondaq, Office of Foreign Assets Control, Lewis Brisbois, Government of Canada)

Recent Developments

Acquisitions:

• De Beers’ Acquisition of Petra Diamonds’ Stake in Williamson Mine: In 2023, De Beers acquired Petra Diamonds’ 75% stake in the Williamson mine in Tanzania for $15 million. This acquisition is expected to enhance De Beers’ portfolio and secure access to high-quality diamond resources.
• ALROSA’s Acquisition of the Anabar Diamonds Project: In 2022, ALROSA acquired full control of the Anabar Diamonds project in Russia, aiming to boost its production capacity and maintain its position as one of the world’s leading diamond producers.

New Product Launches:

• Lightbox Jewelry by De Beers: De Beers launched Lightbox Jewelry, offering lab-grown diamonds at a competitive price of $800 per carat. This product line aims to appeal to a younger, more price-sensitive demographic while maintaining high quality and transparency in diamond sourcing.
• Swarovski’s Lab-Grown Diamond Collection: In 2023, Swarovski introduced a new collection of lab-grown diamonds, combining its legacy of craftsmanship with modern sustainable practices. This launch targets environmentally conscious consumers looking for ethical alternatives.

Funding:

• Signet Jewelers’ Investment in E-Commerce: Signet Jewelers announced an investment of $250 million to expand its e-commerce capabilities and digital transformation. This funding aims to enhance customer experience and streamline operations in the online diamond retail market.
• Chow Tai Fook’s Expansion Fund: Chow Tai Fook allocated $150 million to expand its retail presence and upgrade its technological infrastructure. This investment focuses on enhancing the customer experience through innovative retail solutions and expanding market reach.

Market Growth:

• Global Market Expansion: The growth is driven by increased consumer demand for diamond jewelry and advancements in diamond cutting and polishing technologies.
• Regional Insights: North America remains a dominant market, accounting for a significant share due to high consumer spending on luxury goods and strong retail networks. The Asia-Pacific region is expected to witness robust growth, driven by rising disposable incomes and growing demand for premium products.

Innovation and Trends:

• Sustainability and Ethical Sourcing: There is an increasing focus on sustainability and ethical sourcing in the diamond industry. Companies are investing in traceability technologies and promoting lab-grown diamonds to meet consumer demands for ethically sourced products.
• Technological Advancements: Innovations in diamond cutting, grading, and authentication technologies are enhancing product quality and consumer trust. Technologies such as AI and blockchain are being integrated to improve transparency and efficiency in the diamond supply chain.

Conclusion

Diamond Statistics – The global diamond market is experiencing rapid growth, driven by increasing demand, particularly from millennials, who dominate consumer demographics.

This surge is bolstered by the expanding online sales of diamond jewelry, presenting significant market opportunities.

Diamonds’ inherent hardness continues to drive their use across various industries, prominently in abrasives for applications like drill bits, grinding wheels, and saw blades.

These tools are essential for cutting, drilling, and grinding rigid materials such as glass, bricks, and concrete, supporting the construction industry’s robust growth.

Market players are intensifying their investments to capitalize on this expanding market, aiming to diversify their customer base and enhance market penetration.

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