Diamonds are a high-end, luxury resource with a global market size of $98.3 billion as of 2023. This market is expected to grow at a CAGR of 3.7% and is projected to generate a revenue of about $140.1 billion by 2032 (Source: GlobeNewswire).

Several factors affect the growth of the diamond industry, significantly impacting market dynamics and creating growth opportunities. According to GlobeNewswire, some of these factors include:

• Increasing disposable income and economic growth: With economic growth, people experience an increase in their disposable income. This means more people can afford diamond jewelry, contributing to a strong market expansion.
  
  
• Increasing demand for lab-grown jewelry: There is an increasing demand for laboratory-grown diamond jewelry.
  
  
• Increasing industrial application of diamonds: Diamonds are increasingly being adopted as abrasives in different industries for drilling, cutting, and other purposes.
  
  

Interestingly, 80% of the world’s diamonds are used for industrial purposes rather than jewelry making. Moreover, the strength of a diamond plays a major role in other industries such as medicine, automation, beauty, and audio equipment. 

In this directory, you will find a range of diamond manufacturers offering different types of diamonds including treated, lab-grown, synthetic, and natural. etc.

Once you have found a potential diamond manufacturer, here are a few questions you can ask them:

• Do you sell synthetic or natural diamonds?
• Can you provide diamond grading reports?
• Are your diamonds certified?
• Do you offer different diamond cuts and colors?
• What is the carat weight range of your diamonds?
• Have your diamonds undergone any enhancements or treatments?
• Is this diamond conflict-free?
• What is your return policy?
• Is the contract negotiable?
  
  

After finding the diamond manufacturer that you feel is best suited for you, ask them about their sampling options. You can always order a sample first so that you can check the quality of the diamonds before placing a bulk order.