GITNUX MARKETDATA REPORT 2024

Must-Know Diamond Statistics [Recent Analysis]

Highlights: The Most Important Diamond Statistics

  • The global diamond jewelry market was valued at approximately 79 billion U.S. dollars in 2019.
  • Russia produced 38.5 million carats of diamonds in 2020, making it the top producer country.
  • Around 47% of gem-quality diamonds are round brilliant cut, the most popular cut.
  • About 80% of the world’s diamonds are not suitable for jewelry and are used for industrial purposes.
  • The Argyle mine in Australia has produced over 865 million carats of diamonds since its opening in 1983.
  • The worldwide sales of polished diamonds amounted to 20.8 billion U.S. dollars in 2018.
  • In 2018, the US imported $23.3 billion worth of diamonds.
  • Diamond engagement rings account for an estimated 34% of total diamond sales.
  • The Cullinan Diamond is the largest gem-quality rough diamond ever found, weighing 3,106.75 carats (621.35 g).
  • The average bridal customer spends around $1,229 for an engagement ring diamond.
  • There are currently around 1,254 diamond mines worldwide.
  • Approximately 30% of the world’s diamonds are sourced from Central and Southern Africa.
  • In 2019, the average price-per-carat of gem-quality diamonds was $359.
  • The highest-quality diamonds are known as Type II diamonds and account for less than 2% of all gem-quality diamonds.
  • Nearly 50% of diamonds in the United States are bought as anniversary gifts.
  • Synthetic diamonds represented around 3.3% of the total polished gem-quality diamond market in 2020.
  • The Diamond Producers Association’s “Real is Rare” marketing campaign increased diamond jewelry sales by 4% in the U.S. in 2019.

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Diamonds have been a symbol of love, beauty and wealth for centuries. From engagement rings to industrial uses, diamonds are an integral part of our lives. In this blog post we will explore some interesting diamond statistics from around the world that provide insight into the global diamond industry. We’ll look at production figures, market values, popular cuts and shapes as well as other facts about diamonds such as their origin and usage in jewelry or industrial applications. So let’s dive right in.

The Most Important Statistics
The global diamond jewelry market was valued at approximately 79 billion U.S. dollars in 2019.

This statistic is a shining example of the immense value of the diamond jewelry market. It demonstrates the immense potential of the industry and the potential for growth in the years to come. It also serves as a reminder of the importance of diamonds in the global economy and the impact they have on the lives of people around the world.

Russia produced 38.5 million carats of diamonds in 2020, making it the top producer country.

This statistic is a testament to Russia’s diamond-producing prowess, highlighting its position as the world’s leading producer of diamonds. It is a significant indicator of the country’s economic strength and its ability to produce a valuable commodity. This statistic is an important piece of information for anyone interested in diamond statistics, as it provides a clear picture of the global diamond market.

Diamond Statistics Overview

Around 47% of gem-quality diamonds are round brilliant cut, the most popular cut.

This statistic is significant in the context of diamond statistics because it demonstrates the overwhelming popularity of the round brilliant cut. This cut is the most sought-after shape for diamonds, and its prevalence in the gem-quality diamond market speaks to its enduring appeal.

About 80% of the world’s diamonds are not suitable for jewelry and are used for industrial purposes.

This statistic is a testament to the versatility of diamonds, showing that they are not just a luxury item but can also be used for practical purposes. It highlights the fact that diamonds are a valuable resource that can be used in a variety of ways, and not just for jewelry. This is an important point to consider when discussing diamond statistics, as it shows the true scope of the diamond industry.

The Argyle mine in Australia has produced over 865 million carats of diamonds since its opening in 1983.

This statistic is a testament to the Argyle mine’s impressive diamond-producing capabilities. It highlights the mine’s success in providing a steady supply of diamonds since its opening in 1983, making it a reliable source of diamonds for the industry. This statistic is a powerful reminder of the Argyle mine’s importance in the diamond industry and its ability to meet the demands of the market.

The worldwide sales of polished diamonds amounted to 20.8 billion U.S. dollars in 2018.

This statistic is a shining example of the immense value of diamonds in the global market. It demonstrates the immense demand for diamonds, and the immense profits that can be made from them. It is a testament to the enduring appeal of diamonds, and the fact that they remain a highly sought-after commodity. This statistic is a valuable insight into the diamond industry, and a reminder of the importance of diamonds in the global economy.

In 2018, the US imported $23.3 billion worth of diamonds.

This statistic is a shining example of the immense value of diamonds in the US economy. It demonstrates the sheer magnitude of the diamond industry and its importance to the US. It also serves as a reminder of the need to ensure that diamonds are sourced responsibly and ethically.

Diamond engagement rings account for an estimated 34% of total diamond sales.

This statistic is a testament to the enduring popularity of diamond engagement rings, highlighting the fact that they remain a highly sought-after item. It also serves as a reminder of the importance of diamonds in the jewelry industry, as they account for a significant portion of total diamond sales.

The Cullinan Diamond is the largest gem-quality rough diamond ever found, weighing 3,106.75 carats (621.35 g).

This statistic is a shining example of the sheer size and magnitude of the diamond industry. It serves as a reminder of the grandeur and beauty of diamonds, and the potential for discovery that exists within the industry. It is a testament to the power of diamonds and the potential for them to be found in the most unexpected places.

The average bridal customer spends around $1,229 for an engagement ring diamond.

This statistic is a valuable insight into the diamond industry, as it provides a glimpse into the average amount of money customers are willing to spend on an engagement ring diamond. It can be used to inform decisions about pricing, marketing, and other aspects of the diamond industry. Additionally, it can be used to compare the average cost of engagement ring diamonds to other types of diamonds, such as loose diamonds or diamonds used in other types of jewelry. This statistic is an important piece of information for anyone interested in the diamond industry.

There are currently around 1,254 diamond mines worldwide.

This statistic is a testament to the sheer abundance of diamond mines around the world, highlighting the fact that diamonds are a widely available resource. It also serves as a reminder of the importance of diamonds in the global economy, as well as the need to ensure that diamond mining is conducted in a responsible and sustainable manner.

Approximately 30% of the world’s diamonds are sourced from Central and Southern Africa.

This statistic is a powerful reminder of the immense influence Central and Southern Africa have on the diamond industry. It highlights the importance of the region in the global diamond market, and the impact it has on the world’s diamond supply. It also serves as a reminder of the potential economic opportunities that the diamond industry can bring to the region.

In 2019, the average price-per-carat of gem-quality diamonds was $359.

The average price-per-carat of gem-quality diamonds in 2019 is a key statistic to consider when discussing diamond statistics. This figure provides insight into the cost of diamonds, which can be used to inform potential buyers of the expected price range for a diamond of a certain quality. Additionally, this statistic can be used to compare the cost of diamonds from year to year, allowing for an understanding of the market trends and fluctuations in diamond prices.

The highest-quality diamonds are known as Type II diamonds and account for less than 2% of all gem-quality diamonds.

This statistic is a testament to the rarity of Type II diamonds, making them a highly sought-after commodity. It also serves as a reminder that the vast majority of gem-quality diamonds are not of the highest quality, and that those who are looking for the best should be prepared to pay a premium.

Nearly 50% of diamonds in the United States are bought as anniversary gifts.

This statistic is a telling indication of the importance of diamonds in celebrating anniversaries. It speaks to the enduring value of diamonds as a symbol of love and commitment, and the fact that they are so often chosen to commemorate such a special occasion. This statistic is a powerful reminder of the significance of diamonds in our culture and the special place they hold in our hearts.

Synthetic diamonds represented around 3.3% of the total polished gem-quality diamond market in 2020.

This statistic is a telling indication of the growing popularity of synthetic diamonds in the gem-quality diamond market. It shows that more and more people are turning to synthetic diamonds as an alternative to natural diamonds, which could be due to their affordability, ethical sourcing, or other factors. This statistic is an important piece of information for anyone interested in the diamond industry, as it provides insight into the current trends in the market.

The Diamond Producers Association’s “Real is Rare” marketing campaign increased diamond jewelry sales by 4% in the U.S. in 2019.

This statistic is a testament to the success of the Diamond Producers Association’s “Real is Rare” marketing campaign, demonstrating that their efforts to promote diamond jewelry have had a tangible impact on sales in the U.S. in 2019. This is an important statistic to consider when discussing diamond statistics, as it shows that the diamond industry is still thriving and that marketing campaigns can be effective in driving sales.

Conclusion

The diamond industry is a complex and ever-evolving market. From the global value of 79 billion U.S. dollars in 2019 to the estimated 135,000 people employed in India’s diamond industry, it is clear that diamonds are an important part of our economy and culture worldwide. Russia was found to be the top producer country with 38.5 million carats produced in 2020 while 47% of gem-quality diamonds were round brilliant cut – making them the most popular choice for jewelry pieces such as engagement rings which account for 34% of total sales globally according to 2018 figures from Statista.

It is also interesting to note that 80% of all mined diamonds are not suitable for jewelry use but instead used industrially or synthetically created through detonation nanodiamond synthesis processes where 97% particles produced can be considered true diamond material; this accounts for 3.3 %of polished gem quality markets today according to Business Wire statistics from October 2020 . The Argyle mine has been producing over 865 million carats since 1983 while 95 percent comes from only 25 mines around world wide per Business Of Apps data collected on Diamond Statistics (2020). Finally, we must remember that real is rare – something made evident by both natural resources like The Cullinan Diamond weighing 621 g/3106carat and marketing campaigns like “Real Is Rare” increasing US sales 4%.

References

0. – https://www.medium.com

1. – https://www.dirgemag.com

2. – https://www.creditdonkey.com

3. – https://www.en.wikipedia.org

4. – https://www.statista.com

5. – https://www.investingnews.com

6. – https://www.worldatlas.com

7. – https://www.instoremag.com

8. – https://www.australiangeographic.com.au

9. – https://www.businesswire.com

10. – https://www.geology.com

11. – https://www.britannica.com

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FAQs

What is the hardest known natural substance on Earth?

Diamond.

On which scale are diamonds evaluated in terms of hardness?

The Mohs Scale of Mineral Hardness.

What causes the varying colors of diamonds?

The presence of trace elements and other impurities in the crystal lattice structure.

What are the four qualities that determine a diamond's value, known as the 4Cs?

Carat, Cut, Clarity, and Color.

What percentage of diamonds are used for industrial purposes?

Approximately 80% of mined diamonds are used for industrial purposes.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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