Diamonds are precious gemstones that are highly valued for their beauty, durability, and rarity. The diamond market encompasses various aspects, including diamond mining, trading, cutting, and jewelry manufacturing. The global diamond market size was USD 97.10 Billion in 2022 and is expected to register a revenue CAGR of 3.0% during the forecast period, according to latest analysis by Emergen Research. Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ [URL]https://www.emergenresearch.com/request-sample/2039[/URL]
Another driver of the diamond market is the perception of diamonds as a store of value and a safe investment. Diamonds have long been considered a tangible asset that retains value over time. Investors and collectors often purchase diamonds as a hedge against inflation and economic uncertainty. Additionally, the limited supply of diamonds, combined with their enduring appeal, has contributed to their status as a sought-after investment.
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However, high cost of diamonds is restraining revenue growth of the market. Diamond price fluctuations in recent years have had an impact on the diamond industry. Diamond prices fluctuate due to a variety of socioeconomic factors such as customer perception, rough diamond manufacturing, currency volatility, and shifting consumer purchasing patterns. Furthermore, ethical and environmental issues of diamonds can hamper market revenue growth.
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