Press release
Lab Grown Diamonds Market size was valued at USD 23.6 Billion in 2022 and is expected to grow at a CAGR of 9.4 percent from 2023 to 2029 to reach USD 44.26 Billion.
Lab Grown Diamonds Market
Lab Grown Diamonds, also referred to as synthetic or man-made diamonds, are produced using cutting-edge technology that emulates the natural diamond growth process. These diamonds exhibit identical chemical and structural characteristics to their naturally occurring counterparts. With a cost advantage of approximately 40% over natural diamonds, Lab Grown Diamonds now comprise around 10% of the diamond market share. The market has rapidly expanded over the last decade, driven by technological innovations and the influx of new entrants.
The Lab Grown Diamonds market report provides a comprehensive analysis of market dynamics, size, share, regional insights, market segments, and key players. As a valuable guide for investors, the report delves into market trends, growth drivers, restraints, and regional implications.
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What are Lab Grown Diamonds Market Dynamics?
Lab Grown Diamonds are gaining popularity due to their exceptional brilliance, conflict-free certification, and eco-friendly attributes, which are spurring market growth. Customers seeking budget-friendly options or ethical alternatives to mined diamonds are increasingly gravitating towards lab grown options. The market's share of global diamond consumption is on the rise, leading to significant growth. However, factors such as consumer awareness, competition from alternative gemstones, and maintaining quality standards pose challenges to market expansion.
The market is segmented by manufacturing method, size, and application. Chemical Vapor Deposition (CVD) is projected to experience high growth due to its efficiency in producing high-quality diamonds. The sub-2 carat segment commands a substantial share, driven by affordability, while larger diamond segments are gaining traction. Fashion jewelry dominates the application segment, while industrial use is also on the rise.
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What is Lab Grown Diamonds Market Regional Insight?
North America's Lab Grown Diamonds market is anticipated to experience robust growth, driven by substantial research and development activities and the presence of key industry players. The United States dominates the regional market, accounting for over 50% of global consumer demand for diamonds, including lab grown diamonds. In the Asia Pacific, India's focus on lab grown diamonds, including reduced custom duties and grants for growth, is poised to drive the market. China also contributes significantly to the lab grown diamonds market share.
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What is Lab Grown Diamonds Market Segmentation?
by Nature
Colorless
Colored
by Manufacturing Method
High Pressure High Temperature (HPHT)
Chemical Vapor Deposition (CVD)
by Size
2-4 carat
Below 2 carat
Above 4 carat
by Type
Polished
Rough
by Application
Fashion
Industrial
by Distribution Channel
Online
Offline
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Who are Lab Grown Diamonds Market Key Players?
1. Swarovski
2. Clean Origin
3. Vibranium Lab
4. Diamond Foundry
5. 12FIFTEE
6. RITANI
7. CVD Diamond Inc
8. LUSIX
9. Craft Lab Grown Diamonds
10. De Beers Group
11. New Diamond Technology
12. Henan Huanghe Whirlwind CO., Ltd.
13. Mittal Diamonds
14. ABD Diamonds Pvt. Ltd
15. WD Lab Grown Diamonds
16. Diam Concept
17. HEYARU Group
18. Eco Lab Diamonds
19. Panora
20. Kimaï
21. VRAI
22. Queensmith
23. Brilliant Earth
24. RITANI
25. James Allen
26. Blue Nile
27. Mia Donna
28. Ada Diamonds
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Table of content for the Lab Grown Diamonds Market includes:
1. Global Lab Grown Diamonds Market: Research Methodology
1. Global Lab Grown Diamonds Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Lab Grown Diamonds Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Lab Grown Diamonds Market Segmentation
• Global Market, by Nature (2022-2029)
• Global Market, by Manufacturing Method (2022-2029)
• Global Market, by Size (2022-2029)
• Global Market, by Type (2022-2029)
• Global Market, by Application (2022-2029)
• Global Market, by Distribution Channel (2022-2029)
5. Regional Lab Grown Diamonds Market(2021-2029)
• Regional Market, by Nature (2022-2029)
• Regional Market, by Manufacturing Method (2022-2029)
• Regional Market, by Size (2022-2029)
• Regional Market, by Type (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Distribution Channel(2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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