The Business Research Company’s Diamond Mining Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global diamond mining market expected to reach a value of nearly $577.39 billion by 2022, significantly growing at a CAGR of 5.3% during the forecast period. The growth in the diamond mining market is due to increasing population in developing countries such as China and India owing to rise in disposable income, increased demand and availability of credit.
The diamond mining market consists of sales of diamonds by entities (organizations, sole traders and partnerships) that mine diamonds of different carats. Industrial diamonds are mostly used in cutting, grinding, drilling, and polishing procedures.
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Companies engaged in diamond mining industry are using X-Ray Transmission (XRT) technology, to increase efficiency in their operations in the global diamond mining market. Under this technology a mineral concentrate is passed through sensors that bombard each stone with X-rays, and measure the absorption of each stone.
The diamond mining market is segmented into
- Jewelry Making And
- Industrial Applications.
The present study exhibits the trends and market dynamics of the diamond mining market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the diamond mining market are Rockwell Diamonds, Anglo American Plc, Gem Diamonds, Petra Diamonds and Lucara.
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This post was originally published on The Market Plan