Diamond Jewelry Market: Valuable Insights of the Industry Including Major Players Ruling the Market

A diamond is one of the most precious gemstones. Mankind has known diamonds since ancient times and used the gemstone as a decorative item for different jewelry and ornaments.

The high dispersion of light and its hardness gives diamond its characteristic of fire gemstone which makes it useful for applications in the industrial sector and in jewelry. Diamonds are certified on the basis of “four Cs” which are cut, color, clarity, and carat.

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The key driver of the global diamond jewelry market is that diamonds are highly valuable.  Prices of diamonds are not decided by governments and do not have any regulatory framework; hence, even during recession, diamonds are able to retain their market value. Lasting through multiple generations, diamonds carry a significant emotional value. Just as any other natural resource, with time, diamonds are becoming rare. This fact conveys the key important boosting result on value of diamonds for long period of time.

Diamonds have quality as well as artworks and also one of the very few goods that are good for investment. While consumers can wear their diamonds set into/as jewelry, simultaneously diamonds symbolize their most safe investments. Strong demand – predicted strong chance of increasing the price of diamond in the market in the forecasted period. While most other deluxe goods such as furniture, cars, furs, etc. lose their value over a period of time, in case of diamonds, this does not happen due to its unbreakable/durable nature. The major restraint for the diamond jewelery market is that diamonds are rare and expensive.

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However, the market is experiencing new trends such as increasing demand for branded jewelry, in both developed and developing economies. In emerging markets especially, consumers prefer branded products and services, which reduces the risk of wrong purchase. Being lab certified, consumers trust branded jewelry more than those sourced from privately owned jewelers. Another popular trend is the emerging market for men’s diamond jewelry with more men wearing bracelets, rings, studs, chains, and other forms of jewelry. Innovative designs in diamond jewelry for both men and women are available. Diamond jewelry designs are undergoing innovation, and are available in lightweight and delicate designs for daily wear. Connoisseurs are attracted by vintage jewelry and are willing to pay higher prices for such collections.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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