The Lab Grown Diamonds Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Lab Grown Diamonds Market?
The market size of lab grown diamonds has seen swift expansion in the past few years. The market, which was valued at $25.68 billion in 2024, is projected to increase to $28.27 billion in 2025, marking a compound annual growth rate (CAGR) of 10.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Lab Grown Diamonds Industry?
The Lab Grown Diamonds Global Market is forecasted to reach a size of $38.86 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.3%.
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What are the Key Growth Drivers Fueling the Lab Grown Diamonds Market?
The key drivers in the lab grown diamonds market are:
• Adoption and advancement of laser technology
• Increased use of lab grown diamonds in fashion and jewelry
• Rising consumer acceptance and demand for synthetic diamonds
• Overall economic growth stimulating market activity.
Global Market Segmentation: Identifying Major Lab Grown Diamonds Industry Segments
The lab grown diamonds market covered in this report is segmented –
1) By Type: Polished, Rough
2) By Nature: Colorless, Colored
3) By Manufacturing Process: High Pressure High Temperature (HPHT), Chemical Vapor Deposition (CVD)
4) By Application: Construction And Mining, Jewelry, Healthcare, Electronics, Others Applications
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What are the Emerging Trends Shaping the Future of the Lab Grown Diamonds Market?
The key trends in the lab grown diamonds market are:
• The adoption of laser technology is a significant upcoming trend.
• Product innovation is increasingly shaping the industry's future.
• CVD technology advancement is a key factor in market development.
• The trend of increased collaborations in the market is growing.
Who Are the Top Competitors & Leading Players in the Lab Grown Diamonds Market?
Major companies in the lab grown diamonds market are:
• De Beers Group
• Swarovski AG
• Henan Huanghe Whirlwind Co. Ltd.
• Diamond Foundry Inc.
• Chatham Created Gems
• New Diamond Technology (NDT)
• MiaDonna
• IIa Technologies
• Washington Diamonds Corporation
• Clean Origin LLC.
• WD Labs
• Apollo Diamond Inc.
• Ada Diamonds
• ABD Diamonds Pvt. Ltd.
• ALTR Created Diamonds
• Scio Diamond Technology Corporation
• Diam Concept
• Applied Diamond Inc.
• Mittal Diamonds
• Pure Grown Diamonds
• Renaissance Diamonds
• M7D Corporation
• Taidiam Technology
• BDI
• Brevard Diamonds Inc.
• AOTC Group
• Fenix Diamonds
• Tolkowsky Diamonds
• EcoStar Diamond
• Tairus Created Diamonds
Regional Dominance: Which Area Leads the Global Lab Grown Diamonds Market?
Asia-Pacific was the largest region in the lab grown diamonds market in 2024
