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Diamond Market to Grow by USD 42.72 Billion from 2024-2028, as Demand for Wedding Jewelry Rises with AI-Powered Market Evolution – Technavio

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NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global diamond market size is estimated to grow by USD 42.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.09% during the forecast period. Growing demand for wedding jewelry is driving market growth, with a trend towards rising demand for synthetic diamonds from emerging applications. However, presence of counterfeit products in e-retailing space poses a challenge.Key market players include Anglo American plc, BlueStone Jewellery and Lifestyle Pvt. Ltd., Brilliant Earth LLC, Cartier SA, Chanel Ltd., Compagnie Financiere Richemont SA, DAMIANI S.p.A., F.lli Pisa SRL, Graff Diamonds Ltd., Kalyan Jewellers India Ltd., Kering SA, Malabar Gold and Diamonds, Pandora AS, Sheetal Group, Signet Jewelers Ltd., Swarovski AG, Tacori Inc., and The Swatch Group Ltd..

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Diamond Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.09%

Market growth 2024-2028

USD 42719.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.32

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key countries

China, US, India, Germany, and United Arab Emirates

Key companies profiled

Anglo American plc, BlueStone Jewellery and Lifestyle Pvt. Ltd., Brilliant Earth LLC, Cartier SA, Chanel Ltd., Compagnie Financiere Richemont SA, DAMIANI S.p.A., F.lli Pisa SRL, Graff Diamonds Ltd., Kalyan Jewellers India Ltd., Kering SA, Malabar Gold and Diamonds, Pandora AS, Sheetal Group, Signet Jewelers Ltd., Swarovski AG, Tacori Inc., and The Swatch Group Ltd.

Market Driver

The diamond market is buzzing with trends, from the formation of these rare minerals to their various applications. Diamonds are the hardest natural gemstone, formed under extreme pressure and high temperature. They’re prized for their beauty in jewelry and ornaments, but also for their industrial uses. Industrial diamonds are used in cutting tools, grinding tools, and metal machining. Synthetic diamonds, created through processes like Chemical Vapor Deposition, are gaining popularity due to their environmental sustainability. Millennials and Generation Z prefer lab-grown diamonds for their ethical and affordable appeal. Natural diamonds, with their rarity and purity, remain a top choice for jewelry application. Investment levels are high, with online sales growing due to consumer buying habits. E-commerce platforms offer a wide range of diamonds, from rough to polished, including Type Ia and Type IIa, which are the purest forms. Diamonds’ thermal conductivity makes them ideal for home care products. They’re also used in abrasive industry, construction, exploration drilling, and social media influencer gifts. Carbon, the base element of diamonds, is a valuable resource. The diamond market continues to evolve, with new trends shaping its future. 

The market for synthetic diamonds is experiencing growth due to their increasing usage in various sectors, particularly electronics and semiconductor applications. These diamonds offer unique advantages, such as superior thermal management properties. In semiconductor applications, synthetic diamonds are preferred for their high thermal conductivity, which enhances power densities and extends operational life by reducing junction temperatures. With a thermal conductivity higher than metals like copper and aluminum, synthetic diamonds effectively distribute heat across all three dimensions, making them an ideal choice as thermal spreaders. 

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 Market Challenges

The diamond market faces several challenges in the 21st century. Diamond formation as a natural process is rare and requires extreme pressure and high temperature. Natural diamonds, being a hard and valuable mineral, are highly sought after for jewelry and industrial applications. However, the discovery and production of synthetic diamonds through methods like Chemical Vapor Deposition have disrupted the market. Consumer buying habits have shifted, with millennials and Gen Z preferring lab-grown diamonds for their environmental sustainability. The abrasive industry uses industrial diamonds for metal machining and construction, while the jewelry industry values their brilliance and hardness for jewelry and ornaments. Sorting, cutting, and polishing rough diamonds remain labor-intensive and time-consuming processes. The increasing popularity of e-commerce and online sales has changed the diamond market landscape. Purity and rarity are key factors influencing investment levels in natural diamonds. The market also faces challenges in balancing the demand for jewelry applications with industrial applications, such as exploration drilling and carbon-based industries. The diamond market must adapt to these challenges by focusing on innovation, sustainability, and consumer preferences. Synthetic diamonds, while not identical to natural diamonds, offer cost-effective alternatives for various industries. As the market evolves, it’s crucial to consider the impact on the environment, ethical sourcing, and consumer education.The rise of counterfeit jewelry sales in the online diamond market is a growing concern. Sellers of imitation jewelry exploit this platform, as customers cannot physically inspect products before purchasing. They profit from full payments for fake jewelry. Increased brand awareness and the desire for luxury items have fueled the spread of counterfeit products. These counterfeit brands offer lower-priced imitations to attract customers. They also mimic top brands’ digital marketing strategies, including pay-per-click (PPC) campaigns using company names and popular search terms. This deceptive practice misleads consumers and undermines the authenticity of the online diamond market.

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Segment Overview 

This diamond market report extensively covers market segmentation by

Application 1.1 Jewelry making1.2 Industrial applicationsType 2.1 Natural2.2 SyntheticGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Jewelry making- The diamond market experiences significant growth due to expanding middle-class populations and their increased spending power. Customers can now afford to invest more in personal accessories like diamond jewelry. Innovative designs and evolving customer tastes, driven by changing lifestyles and urbanization, further fuel demand. Major contributors to the market include the US, UK, France, and Germany. Culture, ethnicity, and fashion influence buying decisions. Daily wear jewelry’s growing popularity presents new opportunities. Online shopping trends are on the rise, leading vendors to introduce virtual Try-On technology. Offline distribution channels are expanding, with Brilliant Earth opening showrooms in Palo Alto, California, and Baltimore, Maryland. These factors collectively drive the jewelry-making segment and the global diamond market’s growth.

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Research Analysis

Diamonds are rare minerals formed under extreme pressure and high temperature from carbon atoms. Known as the hardest material on Earth, diamonds have diverse applications in various industries. In jewelry, they are cherished for their brilliance and beauty. In the abrasive industry, diamonds are used for their exceptional hardness and thermal conductivity to cut and polish other materials. The discovery of lab-grown and synthetic diamonds has disrupted traditional diamond markets, offering affordable alternatives to natural diamonds. Millennials, with their changing consumer buying habits, are driving the demand for lab-grown diamonds and synthetic products. Rough diamonds undergo a rigorous process of sorting, cutting, and polishing to transform into polished diamonds, ready for jewelry designing or industrial applications. Type Ia diamonds, the purest form of diamond, are highly sought after for their superior clarity and brilliance. E-commerce platforms have made it easier for consumers to buy diamonds online, from rough diamonds to polished diamonds, and even synthetic diamonds. Home care products also use diamond particles for their abrasive properties. The diamond market continues to evolve, adapting to new technologies and consumer preferences.

Market Research Overview

Diamonds are formed deep within the Earth under extreme pressure and high temperature, making them a rare mineral and the hardest known substance on Earth. With a thermal conductivity that outperforms copper, diamonds have diverse applications in various industries. In jewelry, they are prized for their beauty and rarity, while in the abrasive industry, they serve as essential cutting and grinding tools. The discovery of lab-grown diamonds through methods like Chemical Vapor Deposition has disrupted the market, offering more affordable and environmentally sustainable alternatives to natural diamonds. The millennial and Gen Z demographics are driving the shift towards lab-grown diamonds, with online sales and e-commerce platforms playing a significant role in consumer buying habits. Diamonds are not only used for jewelry and ornaments but also for industrial applications such as metal machining, construction, and exploration drilling. The purity and rarity of natural diamonds make them valuable for investment purposes. The diamond market is continually evolving, with advancements in technology leading to the production of synthetic diamonds. The sorting, cutting, polishing, and jewelry designing processes are essential in transforming rough diamonds into polished gems suitable for various applications. Carbon, the primary element in diamond formation, is subjected to high pressure and temperature to create these precious gems. Type Ia and Type IIa diamonds, with their exceptional purity, are highly sought after for their superior optical and electrical properties. The diamond market caters to various industries, including jewelry, home care products, and the abrasive industry. Consumer buying habits and social media influence continue to shape the market’s trends. With the increasing popularity of lab-grown diamonds, the industry is expected to experience significant growth and innovation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationJewelry MakingIndustrial ApplicationsTypeNaturalSyntheticGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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