Global Lab Grown Diamond Market Value is Forecasted to Grow to US$37.32 billion by 2028

The lab-grown diamond market has been growing rapidly in recent years, driven by increased consumer demand for ethically-sourced and sustainable diamonds, as well as technological advances that have made lab-grown diamonds more affordable and accessible.

Get a Free Sample Copy of the Global Global Lab Grown Diamond Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=6859496

The global lab grown diamond market was valued at US$22.45 billion in 2022. The market value is forecasted to grow to US$37.32 billion by 2028. Lab grown diamonds are the real thing. They are created in much the same way as mined diamonds, just far faster and in a laboratory (or factory). In strong validation of the category, the Federal Trade Commission (FTC) in the US expanded its definition of diamonds to include lab-grown in 2018 (previously referred to as synthetic), but still requires a lab-grown designation to be transparent about origin. Global lab grown diamond market is associated with manufacturing and sale of lab grown diamonds (LGD) by entities (organizations, sole traders and partnerships) to fashion, jewelry, and industrial sectors for a variety of end use applications in biotechnology, quantum computing, high-sensitivity sensors, thermal conductors, optical materials, adorned accessories, etc. The global lab grown diamond market volume was at 9.13 million carats in 2022.

North America is the largest market for lab-grown diamonds, followed by Europe and Asia-Pacific. The United States is the largest consumer of lab-grown diamonds, with demand driven by both ethical and cost considerations.

Major players in the lab-grown diamond market include
- Henan Huanghe Whirlwind Co.,Ltd.
- New Diamond Technology Company
- Swarovski International Holding AG (Swarovski AG)
- WD Lab Grown Diamonds
- Applied Diamond, Inc. v De Beers Group (Element Six)
- HEYARU Group
- ABD Diamonds
- Clean Origin LLC
- Eco Lab Diamonds
- Vibranium Lab Grown Diamonds

These companies are investing heavily in research and development to improve the quality and production of lab-grown diamonds and to stay ahead in the highly competitive market.

Direct Purchase of the Global Global Lab Grown Diamond Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=6859496

Overall, the lab-grown diamond market is expected to continue its rapid growth in the coming years as more consumers become aware of the benefits of lab-grown diamonds and the technology behind their production continues to improve.

+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

This release was published on openPR.