The global diamond market size was USD 90.92 billion in 2022 and is projected to grow from USD 94.19 billion in 2023 to USD 127.84 billion in 2030 at a CAGR of 4.5% during the forecast period. The diamond market is a dynamic sector influenced by various factors, including global economic conditions, consumer preferences, and mining operations. The diamond market, driven by consumer demand for jewelry, industrial applications, and the rise of lab-grown diamonds, faces challenges related to ethical and environmental concerns, with a growing emphasis on sustainable practices and transparent supply chains.

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