Forecast: Natural Diamond Secondary Production in the US

The forecasted trend for natural diamond secondary production in the US from 2024 to 2028 demonstrates a consistent decline in volume from 12.53 million carats to 10.72 million carats. This represents year-on-year decreases of approximately 3.67% in 2025, 3.81% in 2026, 3.88% in 2027, and 3.94% in 2028. With respect to CAGR over the next five years, the production is expected to decrease annually by about 4.02% from its actual value in 2023.

Future trends to watch for include:

  • The potential impact of increased popularity of lab-grown diamonds and their influence on natural diamond demand.
  • Environmental and ethical considerations gaining prominence, potentially affecting consumer preferences towards sustainably sourced diamonds.
  • Technological advancements in diamond mining and sorting processes that could impact production efficiency and costs.

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