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Diamond Jewelry Market is likely to increase by US$ 552.74
NEWARK, Del, April 03, 2023 (GLOBE NEWSWIRE) — The global diamond jewelry market is expected to be worth US$ 355.93 billion in 2023. The market is predicted to expand at a 4.5% CAGR to reach US$ 552.74 billion by 2033.
The diamond jewelry industry has experienced remarkable growth in recent years, primarily driven by the increasing demand for diamond jewelry across various regions globally. As a result of growing consumer spending, luxury diamond jewelry products have become more accessible to the public, thereby driving market growth.
In addition, technological advancements in diamond cutting and polishing techniques have led to the…