Press release
Lab-Grown Diamonds: Global Market Trends, Growth, and Projections for 2024
Lab Grown Diamonds Market Segmentation
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $25.68 billion
• Revenue Forecast In 2033: $35.97 billion
• CAGR: 8.8%
Global Lab Grown Diamonds Market: Segmentation
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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Lab Grown Diamonds Market Report: Growth Drivers
A surge in demand for diamonds is anticipated to propel the lab-grown diamond market moving forward. Diamonds, which are precious gemstones with carbon atoms arranged in a crystal lattice structure, have various practical uses and benefits across multiple sectors, including jewelry manufacturing, electronics, and healthcare. For example, in January 2021, Alrosa, a diamond mining company based in Russia, reported that sales of raw and polished diamonds generated a total revenue of $4,169 million; rough diamond sales contributed $3,977 million, while polished diamond sales added $192 million. Therefore, the growing demand for diamonds is driving the lab-grown diamond market.
Key Developments:
WD Labs Strengthens Capabilities And Diversifies Portfolio With Acquisition Of J2 Materials
In January 2021, WD Labs, a US-based producer of laboratory-grown diamonds, acquired J2 Materials for an undisclosed amount. Through this acquisition, WD Labs can expand its capabilities in growing high-quality diamonds and producing high-performance diamond substrates for various applications, such as optics for advanced synchrotron sources, quantum computer logic, and semiconductors, while strengthening its intellectual property portfolio. J2 Materials LLC is a US-based company that manufactures chemical vapor deposition (CVD) diamonds in laboratories for the semiconductor and jewelry sectors.
Top Market Leader Included:
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
Lab Grown Diamonds Industry: Regional Landscape
Asia-Pacific was the largest region in the lab grown diamonds market in 2023. The regions covered in the lab grown diamonds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lab grown diamonds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Lab Grown Diamonds Market Report Include?
1.Introduction
• Overview of the Lab Grown Diamonds Market
• Comprehensive Analysis of Lab Grown Diamonds Market
2. Lab Grown Diamonds Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Lab Grown Diamonds Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Lab Grown Diamonds Market
• Overview
• Products and Services
• Strategy
5. Lab Grown Diamonds Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Lab Grown Diamonds Market
• Technological Advancements
• Emerging Trends
7. Lab Grown Diamonds Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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