France Diamond Market Size, Share, and COVID-19 Impact Analysis, By Type (Natural, Synthetic), By Application (Jewelry & Ornaments, Industrial), and France Diamond Market Insights, Industry Trend, Forecasts to 2035.

France Diamond Market Insights Forecasts to 2035 

• The France Diamond Market Size was estimated at USD 331.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 1.68% from 2025 to 2035
• The France Diamond Market Size is Expected to Reach USD 398.5 Million by 2035

According to a research report published by Spherical Insights & Consulting, the France Diamond Market Size is anticipated to reach USD 398.5 Million by 2035, growing at a CAGR of 1.68% from 2025 to 2035. This is because the market is primarily driven by consumers' increasing desire for sustainable and ethical products. Customers are favoring lab-grown diamonds and responsibly sourced natural diamonds more and more as it is become more conscious of the effects on the environment and labor practices in mining.

Market Overview 

The diamond market in France includes the trade and use of both lab-grown and natural diamonds in the jewelry sector. The diamond market is affected by cultural traditions or traditions around cultural sizing, such as engagements or luxury gift-giving itself, but the trends of sustainable and personalized alternatives are also dominating the market. The diamond and diamond jewelry market has several different markets these including: laboratory-grown diamond market, natural diamond market, and industrial applications of diamonds. Within the industry, there is a value chain that consists of downstream processes, upstream processes, and midstream processes. The upstream process represents the exploration, producing, and sorting of the rough diamond; the midstream process involves cutting and polishing the rough diamond to produce the finished product; and the downstream process involves the jewelry design and setting of the polished diamond and its retail sale.

Report Coverage

This research report categorizes the market for the France diamond market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France diamond market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France diamond market. 

Driving Factors

The principal driver in the France market is the shift in consumer preference toward ethical and sustainable products. As awareness of environmental impact and labor practices in mining increases, consumers increasingly prefer lab-grown diamonds and responsibly sourced natural diamonds. The shift in buying habits accelerated with millennials and Gen Z consumers as their emphasis on sustainability and responsible sourcing leads them to prefer lab-grown diamonds and responsibly sourced diamonds.

Restraining Factors

The France market faces critical limitations due to the Volatility of rough diamond prices and shifts in the overall Economic environment. Economic uncertainties, especially those related to inflation and geopolitical factors, keep in mind these conditions, diamond demand, including high-end luxury, is directly affected in bursts.

Market Segmentation

The France diamond market share is classified into type and application.

• The synthetic segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The France diamond market is segmented by type into natural, synthetic. Among these, the synthetic segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is propelled by developments in manufacturing processes such as Chemical Vapor Deposition (CVD) and High-Pressure, High-Temperature (HPHT).  This is due to notable decreases in production costs; these diamonds, which are mostly utilized in industrial settings for cutting, drilling, and abrasives, are becoming more and more popular in the jewelry industry.

• The jewelry & ornaments segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The France diamond market is segmented by application into jewelry & ornaments, industrial. Among these, the jewelry & ornaments segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The rising spending power of Gen Z and millennials, as well as the expanding middle class, are major drivers of this segment's expansion.  Millennials are more likely to spend more on luxury goods than on travel experiences.  As a result, producers and merchants are now actively exploring the concept of incorporating a narrative about a diamond's journey from the mine to the customer into their marketing campaigns.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France diamond market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

List of Key Companies

• Rio Tinto
• Trans Hex Group
• Arctic Canadian Diamond Company
• Mountain Province Diamonds
• ALROSA
• Gem Diamonds
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the France Diamond Market based on the below-mentioned segments:

France Diamond Market, By Type                                                        

• Natural
• Synthetic

France Diamond Market, By Application                                                           

• Jewelry & Ornaments
• Industrial