Market overview:
The Global Lab-Grown Diamonds Market is projected to reach USD 61.7 billion by 2035, registering a CAGR of 8.7% between 2025 and 2035. The lab-grown diamond market is escalating due to novelty in production technologies like Chemical Vapour Deposition and High-Pressure High-Temperature, which give superior-quality, customizable, and cost-effective diamonds. The lab-grown diamond market is shifting as consumer preferences shift towards sustainable, non-violent, customised designs and affordable options favoured by Millennials and Gen Z. Advancement such as CVD and HPHT methods enable precise control over diamonds’ colour, clarity, and size.
As consumer looking for specific luxury goods, premium and colored diamonds are predicted to flourish. The lab-grown diamonds will be used in high-power laser systems, medical equipment, and sophisticated electronics, creating new revenue streams.
Region and major countries to watch:
The United States is leading due to rising need for lab-grown diamonds as sustainable luxury items, supported by online retail. Canada is improving synthesis technologies, while Germany specializes in precision-cutting. The UK is growing significantly which is fueled by ethically sourced jewellery, with China as a key production hub and India providing affordable options. Brazil targets millennials through luxury retailers, and Mexico develops niche markets. The UAE focuses on affluent customers with exclusive collections, and South Africa investigates lab-grown production to bolster its natural diamond industry.
Segment :
By Product Type:
In product type, polished diamonds make up about 74% of the market share owing to superior quality and rising demand in the jewellery industries while rough diamonds segment is rapidly growing due to the increasing demand from the industries for the cutting and in wide usage in laser system.
By Manufacturing Method
There are two manufacturing method includes Chemical Vapor Deposition (CVD), High Pressure High Temperature.
Competition & Industry Landscape
The market is moderately consolidated with competitors like Altr India, Bhanderi, Craft Diamonds, De Beers Group, Diam Concept, Goldiam International, and Greenla. The industry players are concerned on the partnerships and advancement in chemical vapour deposition and high-pressure high-temperature.
Industry Competition:
• Altr India
• Bhanderi
• Craft Diamonds
• De Beers Group
• Goldiam International
• Greenlab
Link: https://www.stalwartresearchinsights.com/product/lab-grown-diamonds-industry-outlook-2020-2035
