Lab Grown Diamonds Market Report 2026

Lab Grown Diamonds Market Overview

• Lab Grown Diamonds market size has reached to $27.95 billion in 2025 • Expected to grow to $40.8 billion in 2030 at a compound annual growth rate (CAGR) of 7.8% • Growth Driver: Diamond Sales Surge Propels Growth In The Lab-Grown Diamonds Market • Market Trend: Lab-Grown Diamond Companies Introduce Colored Collections To Elevate Market Presence • Asia-Pacific was the largest region in 2025.

What Is Covered Under Lab Grown Diamonds Market?

Lab-grown diamonds, also known as synthetic or cultured diamonds, are created in a laboratory rather than being formed naturally within the Earth's mantle. These diamonds exhibit the same physical, chemical, and optical characteristics as natural diamonds and possess the same fire, scintillation, and brilliance. The main types of lab grown diamonds market are polished and rough. Polished refers to the process of refining the surface of the diamond to achieve a smooth and glass-like finish. The various natures of diamonds are colorless and colored. The various manufacturing processes are high pressure high temperature (HPHT), and chemical vapor deposition (CVD) and are used in various applications such as construction and mining, jewelry, healthcare, electronics, and others applications.

What Is The Lab Grown Diamonds Market Growth Forecast?

The lab grown diamonds market size is expected to see strong growth in the next few years. It will grow to $40.8 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to expansion of jewelry and fashion markets, adoption of lab-grown diamonds in electronics, rising industrial applications, innovation in diamond cutting and finishing techniques, increasing consumer preference for sustainable alternatives. Major trends in the forecast period include high pressure high temperature (hpht) production, chemical vapor deposition (cvd) production, gem-quality polished diamonds, industrial-grade polished diamonds, gem-quality rough diamonds.

Global Lab Grown Diamonds Market Segmentation

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 Subsegments: 1) By Polished: Gem-Quality Diamonds, Industrial-Grade Polished Diamonds 2) By Rough: Gem-Quality Rough Diamonds, Industrial-Grade Rough Diamonds

What Is The Driver Of The Lab Grown Diamonds Market?

A rise in demand for diamonds is expected to propel the lab-grown diamond market going forward. Diamonds are precious gemstones with carbon atoms arranged in a crystal lattice structure. Lab-grown diamonds offer several practical uses and advantages across various industries, such as jewelry manufacturing, electronics, and healthcare. For instance, in January 2024, according to the United States Geological Survey, a US-based government agency, In 2023, the total domestic production of manufactured industrial diamond bort, grit, and dust and powder was estimated at 150 million carats, valued at $48 million, remaining essentially unchanged in both quantity and value compared to 2022. Therefore, the demand for diamonds is driving the lab-grown diamond market.

Key Players In The Global Lab Grown Diamonds Market

Major companies operating 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; 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

Global Lab Grown Diamonds Market Trends and Insights

Major companies operating in the lab-grown diamonds market are focused on developing innovative products, such as colored lab-grown diamonds, to strengthen their position in the market. Colored lab-grown diamonds are created through artificial processes in a laboratory setting and possess various colors due to certain trace elements, radiation, or other treatments during their formation. For instance, in August 2023, Cullen Jewelry, an Australian-based company specializing in fine jewelry, introduced its first-ever colored lab-grown diamonds collection, 'Love in Color,' featuring pink, yellow, and blue shades. The latest collection beautifully enhances the brand's current inventory of colored moissanite gemstones that have earned the Radiant Beauty certification, a symbol of excellence.

What Are Latest Mergers And Acquisitions In The Lab Grown Diamonds Market?

In May 2023, Blackstone, a US-based company, provides investment management services, acquired International Gemological Institute for an undisclosed amount. This acquisition aims to strengthen Blackstone's position in the gemology industry and expand IGI's global footprint. By leveraging Blackstone's operational expertise, technological capabilities, and successful track record in building businesses, the acquisition seeks to enhance IGI's certification services for natural and lab-grown diamonds and gemstones. International Gemological Institute is a Belgium-based diamond, gem and jewelry certification and gemological education company.

Regional Insights

Asia-Pacific was the largest region in the lab grown diamonds market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Lab Grown Diamonds Market?

The lab grown diamonds market consists of sales of grinding wheels, surgical tools, wedding bands, and optics for lasers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Lab Grown Diamonds Market Report 2026?

The lab grown diamonds market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the lab grown diamonds industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.