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Diamond Industry Predicted for Significant Growth, To Reach $130.97 Billion by 2032 July 24, 2023 (0 comments)


Vancouver, Canada--Emergen Research has reported that the global diamond market, valued at $97.10 Billion in 2022, is projected to grow at a CAGR of 3.0% and achieve a valuation of $130.97 Billion by 2032.

According to a news release by the company, key driving factors include escalating demand for diamond jewelry, particularly in emerging economies, along with technological advancements adopted by leading companies. The construction industry's rising use of diamonds also contributes to market growth.

The diamond market comprises stakeholders, miners, manufacturers, wholesalers, retailers, and consumers. The growth in diamond popularity is due to increasing supply, superior cutting and polishing techniques, global economic prosperity, and innovative advertising strategies.

The release noted that key market segments include diamond mining, cutting and polishing, grading and certification, wholesale and retail marketing, and investment. Renowned grading authority, the Gemological Institute of America (GIA), is known for its assessment based on the "Four Cs": cut, color, clarity, and carat weight.

The report also covers a comprehensive analysis of key industry players, their global positioning, financial status, and recent developments, complemented by a SWOT analysis and Porter's Five Forces Analysis.

Request a free sample copy here for a more detailed structure of this report.

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