Diamond jewelry market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Feb. 8, 2023 /PRNewswire/ -- According to Technavio, the global diamond jewelry market size is estimated to grow by USD 16.6 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 3% during the forecast period. North America will account for 44% of the market's growth during the forecast period. 

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Global Diamond Jewelry Market - Five Forces
The global diamond jewelry market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global diamond jewelry market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global diamond jewelry market - Segmentation assessment

Segment Overview
Technavio has segmented the market based on type (rings, necklaces, earrings, bangles, and pendants), distribution channel (specialty stores, department stores, discounters, online retailers, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). 

• The rings segment will grow at the highest rate during the forecast period. The rising demand for premium products from middle-class customers during weddings and festivities encourages vendors to venture into the premium products category. Diamond rings are particularly popular in North America and Europe, where customers are highly brand conscious. The availability of various designs in rings is expected to attract customers and drive the market during the forecast period.

Geography overview
By geography, the global diamond jewelry market is segmented into North America, APAC, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global diamond jewelry market.

• North America will account for 44% of the market's growth during the forecast period. The North American diamond jewelry market is experiencing high demand for personalized and unique design jewelry with cut and polished diamonds, particularly in wedding rings. The demand for designer jewelry in the North American market peaks during the festive and wedding seasons. Moreover, the growth of the diamond jewelry market in the US is also driven by the rising technological innovation in online retail. Hence, all these factors will drive the diamond jewelry market in North America.

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Global diamond jewelry market – Market dynamics
Key factor driving market growth

• Innovation in terms of design and manufacturing technology is notably driving market growth.
• Unique and innovative jewelry designs, combined with high-quality precious metals and authentic gemstones, are key factors that set companies apart in a competitive jewelry market.
• The demand for innovative jewelry designs is driving the market, as consumers are willing to pay a premium price due to their increasing fashion consciousness.
• Furthermore, factors like the growing demand for wedding jewelry and the growth of e-retailers providing convenient services will also drive the diamond jewelry market during the forecast period.

Leading trends influencing the market 

• The growing number of market vendors making diamond jewelry of different designs is the key trend in the market. 
• The growth of the diamond jewelry market during the forecast period will be driven by the expansion of vendors worldwide due to increasing demand for diverse jewelry designs.
• Furthermore, factors like increasing adoption of omnichannel strategies and increasing M&A and partnership activities will also act as a major trend and will drive the market during the forecast period.

Major challenges hindering the market growth

• The presence of counterfeit products in the e-retailing space is the major challenge impeding market growth.
• The growth of the diamond jewelry e-retail market is hindered by the proliferation of counterfeit products due to growing brand consciousness and preference for luxury goods. Counterfeiters use digital marketing strategies, such as pay-per-click campaigns, to mimic top brands and attract customers with fake products at lower prices.
• These counterfeit products are more prevalent in the Middle East and Southeast Asia, including UAE, Saudi Arabia, Indonesia, China, India, Malaysia, and Singapore, which will slow down market growth during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this diamond jewelry market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the diamond jewelry market between 2023 and 2027
• Precise estimation of the size of the diamond jewelry market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the diamond jewelry markets across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the diamond jewelry market vendors

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Related Reports:Gems and Jewelry Market by Distribution Channel, Type and Geography - Forecast and Analysis 2023-2027: The gems and jewelry market is estimated to grow at a CAGR of 7.55% between 2022 and 2027. The size of the market is forecast to increase by USD 137.48 billion. Innovation in terms of design and manufacturing technology is notably driving the market growth, although factors such as the rising labor cost and fluctuating raw material prices may impede the market growth.

Costume Jewelry Market in India Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The costume jewelry market share in India is expected to increase to USD 552.73 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.08%. The affordable pricing of costume jewelry is notably driving the costume jewelry market growth in India, although factors such as lack of durability may impede the market growth.

Browse for Technavio "Consumer Discretionary" Research Reports

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global diamond jewelry market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global diamond jewelry market 2017 - 2021 ($ billion)

• 4.2 Product Type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Type Segment 2017 - 2021 ($ billion)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments 
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Rings - Market size and forecast 2022-2027
• Exhibit 34: Chart on Rings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Rings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Rings - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Rings - Year-over-year growth 2022-2027 (%)

• 6.4 Necklaces - Market size and forecast 2022-2027
• Exhibit 38: Chart on Necklaces - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Necklaces - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Necklaces - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Necklaces - Year-over-year growth 2022-2027 (%)

• 6.5 Earrings - Market size and forecast 2022-2027
• Exhibit 42: Chart on Earrings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Earrings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Earrings - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Earrings - Year-over-year growth 2022-2027 (%)

• 6.6 Bangles - Market size and forecast 2022-2027
• Exhibit 46: Chart on Bangles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Bangles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Bangles - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Bangles - Year-over-year growth 2022-2027 (%)

• 6.7 Pendants - Market size and forecast 2022-2027
• Exhibit 50: Chart on Pendants - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Pendants - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Pendants - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Pendants - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product Type 
• Exhibit 54: Market opportunity by Product Type ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 55: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 57: Chart on Comparison by Distribution Channel
• Exhibit 58: Data Table on Comparison by Distribution Channel

• 7.3 Specialty stores - Market size and forecast 2022-2027
• Exhibit 59: Chart on Specialty stores - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Specialty stores - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Specialty stores - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Specialty stores - Year-over-year growth 2022-2027 (%)

• 7.4 Department stores - Market size and forecast 2022-2027
• Exhibit 63: Chart on Department stores - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Department stores - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Department stores - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Department stores - Year-over-year growth 2022-2027 (%)

• 7.5 Discounters - Market size and forecast 2022-2027
• Exhibit 67: Chart on Discounters - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Discounters - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Discounters - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Discounters - Year-over-year growth 2022-2027 (%)

• 7.6 Online retailers - Market size and forecast 2022-2027
• Exhibit 71: Chart on Online retailers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Online retailers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Online retailers - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Online retailers - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Distribution Channel
• Exhibit 79: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 81: Chart on Market share by geography 2022-2027 (%)
• Exhibit 82: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 83: Chart on Geographic comparison
• Exhibit 84: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 89: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 101: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 113: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 114: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 117: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 118: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 119: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 120: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 121: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 122: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 123: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 124: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 125: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 126: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 127: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 128: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 129: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 130: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 131: Matrix on vendor position and classification

• 12.3 Anglo American plc 
• Exhibit 132: Anglo American plc - Overview
• Exhibit 133: Anglo American plc - Business segments
• Exhibit 134: Anglo American plc - Key news
• Exhibit 135: Anglo American plc - Key offerings
• Exhibit 136: Anglo American plc - Segment focus

• 12.4 Brilliant Earth LLC 
• Exhibit 137: Brilliant Earth LLC - Overview
• Exhibit 138: Brilliant Earth LLC - Product / Service
• Exhibit 139: Brilliant Earth LLC - Key offerings

• 12.5 Cartier SA 
• Exhibit 140: Cartier SA - Overview
• Exhibit 141: Cartier SA - Product / Service
• Exhibit 142: Cartier SA - Key offerings

• 12.6 Compagnie Financiere Richemont SA 
• Exhibit 143: Compagnie Financiere Richemont SA - Overview
• Exhibit 144: Compagnie Financiere Richemont SA - Business segments
• Exhibit 145: Compagnie Financiere Richemont SA - Key offerings
• Exhibit 146: Compagnie Financiere Richemont SA - Segment focus

• 12.7 DAMIANI S.p.A. 
• Exhibit 147: DAMIANI S.p.A. - Overview
• Exhibit 148: DAMIANI S.p.A. - Product / Service
• Exhibit 149: DAMIANI S.p.A. - Key offerings

• 12.8 F.lli Pisa SRL 
• Exhibit 150: F.lli Pisa SRL - Overview
• Exhibit 151: F.lli Pisa SRL - Product / Service
• Exhibit 152: F.lli Pisa SRL - Key offerings

• 12.9 Harry Winston Inc. 
• Exhibit 153: Harry Winston Inc. - Overview
• Exhibit 154: Harry Winston Inc. - Product / Service
• Exhibit 155: Harry Winston Inc. - Key offerings

• 12.10 Kering SA 
• Exhibit 156: Kering SA - Overview
• Exhibit 157: Kering SA - Business segments
• Exhibit 158: Kering SA - Key offerings
• Exhibit 159: Kering SA - Segment focus

• 12.11 Le petit fils de L.U. Chopard and Cie SA
• Exhibit 160: Le petit fils de L.U. Chopard and Cie SA - Overview
• Exhibit 161: Le petit fils de L.U. Chopard and Cie SA - Product / Service
• Exhibit 162: Le petit fils de L.U. Chopard and Cie SA - Key offerings

• 12.12 LVMH Moet Hennessy Louis Vuitton SE 
• Exhibit 163: LVMH Moet Hennessy Louis Vuitton SE - Overview
• Exhibit 164: LVMH Moet Hennessy Louis Vuitton SE - Business segments
• Exhibit 165: LVMH Moet Hennessy Louis Vuitton SE - Key news
• Exhibit 166: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
• Exhibit 167: LVMH Moet Hennessy Louis Vuitton SE - Segment focus

• 12.13 Malabar Gold and Diamonds 
• Exhibit 168: Malabar Gold and Diamonds - Overview
• Exhibit 169: Malabar Gold and Diamonds - Product / Service
• Exhibit 170: Malabar Gold and Diamonds - Key offerings

• 12.14 Parker Diamonds 
• Exhibit 171: Parker Diamonds - Overview
• Exhibit 172: Parker Diamonds - Product / Service
• Exhibit 173: Parker Diamonds - Key offerings

• 12.15 Signet Jewelers Ltd. 
• Exhibit 174: Signet Jewelers Ltd. - Overview
• Exhibit 175: Signet Jewelers Ltd. - Business segments
• Exhibit 176: Signet Jewelers Ltd. - Key offerings
• Exhibit 177: Signet Jewelers Ltd. - Segment focus

• 12.16 Tacori Inc. 
• Exhibit 178: Tacori Inc. - Overview
• Exhibit 179: Tacori Inc. - Product / Service
• Exhibit 180: Tacori Inc. - Key offerings

• 12.17 Tata Sons Pvt. Ltd. 
• Exhibit 181: Tata Sons Pvt. Ltd. - Overview
• Exhibit 182: Tata Sons Pvt. Ltd. - Business segments
• Exhibit 183: Tata Sons Pvt. Ltd. - Key offerings
• Exhibit 184: Tata Sons Pvt. Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 185: Inclusions checklist
• Exhibit 186: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 187: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 188: Research methodology
• Exhibit 189: Validation techniques employed for market sizing
• Exhibit 190: Information sources

• 13.5 List of abbreviations 
• Exhibit 191: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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