"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Diamond is an extremely rigid allotrope of carbon in which the carbon atoms are arranged in a diamond cubic structure. Diamond is the hardest material with the highest thermal conductivity of any natural material. Due to these properties, it has applications in industries like cutting and polishing. Natural diamonds ate obtained from earth’s mantle while synthetic diamonds are made from high purity carbon under high temperature and pressure and by the Chemical Vapour Deposition (CVD) technique.
Increase in construction activities shall drive the industry growth as it is used in hand sawing, core drilling, and wire sawing. Attributed to its exceptional properties like low thermal expansion coefficient, highest sound velocity and optical dispersion, low adhesion, optical transparency, and low friction it is adapted in several industrial applications which ultimately driving the market. Additionally, the use of this rare material as a gemstone for ornamentation is expected to drive the market.
Key Market Driver -
Increasing demand for diamond in construction industry.
Key Market Restraint -
Fluctuating prices of diamonds
However, the uncertainty in the prices of natural diamonds due to the availability and its demand is likely to hamper the market growth. But there are no production-related restraints for synthetic diamonds.
Based on the type, the market is segmented into natural & synthetic. Based on application, the market is segmented into jewellery & ornaments and industrial.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The key players operating in the diamond market are De Beers, ALROSA, Applied Diamonds, Sumitomo Electric, Sino-Crystal, Henan Haunghe Whirlwind and Others.
To gain extensive insights into the market, Request for Customization
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America diamond market is the largest market attributed to the high demand for wedding rings from women. Europe is estimated to be the second-largest market due to the increasing demand for fine jewellery and rings, bracelets and other jewellery pieces for various occasions like birthday, engagements and weddings. Moreover, Russia is the country having the largest diamond reserves. Millennials of Asia Pacific regions adorning diamond as a mark of standard. Additionally, the increasing industrialization is contributing to the demand for diamond. The Latin America and Middle East & Africa is expected to show moderate growth due to the Panama Diamond Exchange (PDE) jewellery trading centre.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry