This market research report presents a detailed segmentation of the global diamond mining market by application types such as industry applications and jewelry making. It provides a market share analysis of its key regions, including Africa, Australia, Europe, North America, and ROW. Key findings also include an analysis of the leading vendors such as ALROSA, De Beers, Dominion Diamond, Gem Diamonds, Lucara Diamond, Petra Diamonds, Rio Tinto, and Stornoway Diamond.
Technavio has released its new market research report, global diamond mining industry outlook, which is expected to grow at a CAGR of 5% between 2015 and 2019. The increased demand from emerging markets such as China and India for diamond jewellery is driving the growth of this industry. Africa dominates the global market for diamond mining, accounting for 53% of the total market share. The growth of the diamond industry in this region is due to a large number of mines present in this region. South Africa is the market leader in this region contributing nearly 53% of the revenue.
“Of late, the global diamond market is witnessing a rise in demand for diamond from emerging markets like China and India. Around 72% of the major consumers for diamond jewellery are married women. Rise in disposable income is a major factor to propel consumers to buy expensive products like diamonds. Also, festivals and wedding seasons are the best money-making time for diamond jewellers, who market their products using emotional brand slogans,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research
Industrial applications dominate the diamond mining market with a market share of 70%. This research report predicts this segment to reach a market volume of 105 karats by the end of 2019. Small pieces of diamonds are fixed in a saw blade or a grinding wheel for cutting, drilling, or grinding. Powdered diamond is made into a paste and used for polishing.
The key players in the global diamond mining industry outlook include ALROSA, De Beers, Dominion Diamond, Gem Diamonds, Lucara Diamond, Petra Diamonds, Rio Tinto and Stornoway Diamond. The market is highly competitive due to the presence of numerous players. The industry has been witnessing consolidation with the smaller entities being acquired by major vendors. Most of the vendors invest heavily in R&D to succeed in this intensely competitive market.
A more detailed analysis is available in the Technavio report, Global Diamond Mining Industry Outlook 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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- Global Feldspar Market 2015-2019
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