Top Companies in Middle East Diamond Market with Market Size | Suppliers & Manufacturers 2025

Top Companies in Middle East Diamond Market with Market Size

The Middle East diamond market is expected to witness significant growth between 2025-2031 due to the contributions of various companies and market leaders. These players are continuously investing in research and development, innovative marketing strategies, and expanding their product portfolios to cater to the growing demand for diamonds in the region. One key contribution by these companies is their focus on sustainability and ethical sourcing of diamonds. As consumers become more conscious about the origin of their products, companies have started implementing responsible mining practices and supporting local communities in diamond-producing regions. This not only ensures a steady supply of ethically-sourced diamonds but also creates a positive image for these companies in the market.

Moreover, with the rise of technology, companies are leveraging digital platforms to reach a wider audience and offer personalized shopping experiences. This has greatly benefited the Middle East diamond market, as consumers can now easily access a variety of diamonds online, compare prices and make informed purchasing decisions. In addition, market leaders in the region have also been actively involved in promoting diamond jewelry as an investment option. With fluctuations in traditional investment markets, diamonds have emerged as a stable and valuable asset, attracting investors in the region.

However, the contributions of companies and market leaders have played a crucial role in driving the growth of the Middle East diamond market and are expected to continue shaping its future trajectory. So we can say that these players are not only contributing to their own success but also to the overall growth of the market, making it a win-win situation for all stakeholders involved. Therefore, it is important for companies and market leaders to continue their efforts towards innovation, sustainability, and responsible practices in order to maintain the positive momentum in the Middle East diamond market. According to 6Wresearch, Middle East Diamond market size is projected to grow at a CAGR of 12.8% during 2025-2031.

List of Leading Companies in the Middle East Diamond Market

1. Alro Sa

Alro Sa is a diamond mining company based in Russia, known for producing high-quality rough diamonds that are widely used in the global jewelry market. The company has been operating in the Middle East since 2004, expanding its presence and strengthening its supply chain in the region. It focuses on sustainable mining practices and innovation in diamond extraction and processing.

2. De Beers Group

De Beers Group is one of the most well-known and influential diamond companies in the world. Established in 1888, it has played a pivotal role in shaping the modern diamond industry. The company operates mines in Botswana, Namibia, South Africa, and Canada, and is known for its pioneering marketing campaigns, including the famous "A Diamond is Forever" slogan. De Beers has also developed extensive ethical sourcing and sustainability initiatives.

3. Sociedade Mineira de Catoca

Sociedade Mineira de Catoca is one of the largest diamond mining companies in the world, responsible for producing a significant percentage of Angola’s total diamond output. Since its establishment in 1992, it has contributed greatly to the Angolan economy. The company is known for its large-scale open-pit mining operations and its commitment to environmental and social responsibility in the communities where it operates.

4. Petra Diamonds

Petra Diamonds is a leading independent diamond mining company, focusing on the acquisition, development, and operation of diamond mines in Africa. It owns several important mines in South Africa and Tanzania, including the famous Cullinan Mine, which has produced some of the world's largest and most valuable diamonds. The company is recognized for its expertise in recovering exceptional quality stones and its commitment to sustainable mining.

5. Dominion Diamond Mines

Dominion Diamond Mines is a key player in Canada’s diamond industry, operating in the Northwest Territories. The company is best known for managing the Ekati and Diavik diamond mines, which produce some of the highest-quality diamonds in the world. Since its establishment in 2012, Dominion Diamond Mines has focused on ethical mining practices, environmental conservation, and supporting local Indigenous communities.

6. Swarovski

Swarovski is a world-renowned luxury brand specializing in precision-cut crystals, gemstones, and high-quality diamonds. Founded in 1895, the company has revolutionized the art of crystal cutting and continues to set trends in jewelry, fashion, and home décor. Although primarily known for its crystals, Swarovski has expanded its offerings to include lab-grown diamonds and fine jewelry collections in collaboration with top designers and brands.

7. ALROSA

ALROSA is a Russian diamond mining giant and one of the world’s leading producers of rough diamonds by volume. It operates several mines across Russia, primarily in the Siberian region, and supplies diamonds to international markets. The company is known for its commitment to innovation in mining technologies, strict adherence to environmental standards, and responsible diamond sourcing initiatives.

8. Gem Diamonds

Gem Diamonds is a diamond mining company focused on the discovery and recovery of large, high-value diamonds. The company operates in Africa and Australia and is best known for its Letšeng mine in Lesotho, which produces some of the highest-quality Type II diamonds in the world. Gem Diamonds has gained a reputation for its responsible mining approach and investment in local communities.

9. Lucara Diamond Corp.

Lucara Diamond Corp. is a Canadian diamond mining company renowned for its use of cutting-edge technology to improve diamond recovery. The company’s flagship operation, the Karowe Mine in Botswana, is known for producing some of the world's largest and most valuable diamonds, including the famous 1,109-carat "Lesedi La Rona" diamond. Lucara continues to focus on sustainable mining and advanced exploration techniques.

10. Namdeb Holdings (Pty) Limited

Namdeb Holdings (Pty) Limited is a joint venture between the government of Namibia and De Beers Group, dedicated to diamond mining in Namibia. The company operates both land-based and offshore mining projects and is a crucial contributor to Namibia's economy. Namdeb is committed to responsible mining, environmental protection, and community development programs that support local livelihoods.

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