Global Diamond Industry Report

2024 marked the fifth consecutive year of significant turbulence in the diamond market after disruption in 2020, with accelerated post-COVID recovery in 2021 and several cyclical ups and downs in the following years.

Today, the industry is experiencing a major transformation, caught between limited supply, a shift in trade to alternative markets, price fluctuations, high inventory levels, demand stabilisation, demographic changes, evolving consumer preferences, adoption of new technologies, and separation of lab-grown diamonds into a separate category. In our study, we have examined the factors shaping the diamond market and highlighted the key developments in the value chain. Our study also includes a short-term outlook for the global diamond industry in 2025-2027.

For more information on key developments and market trends for the past five years, see the full report.