Global Lab-Grown Diamonds Market Valued at USD 25.81 Billion in 2023, Expected to Reach USD 48.42 Billion by 2030, Growing at a CAGR of 9.4%

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝟐𝟎𝟐𝟒 𝐚𝐧𝐝 𝐁𝐞𝐲𝐨𝐧𝐝

The global lab-grown diamonds market is undergoing a major transformation, with significant growth expected across various sectors including jewelry, industrial applications, and technology. With an increasing demand for ethical and sustainable luxury, lab-grown diamonds are gaining traction in the global market. Valued at US$ 26.4 billion in 2023, the market is projected to reach US$ 81.8 billion by 2030, growing at a CAGR of 17.5% during the forecast period from 2024 to 2030.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰𝐭𝐡 :

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 & 𝐄𝐭𝐡𝐢𝐜𝐚𝐥 𝐀𝐩𝐩𝐞𝐚𝐥 : Growing concerns about the environmental and ethical implications of mined diamonds are fueling demand for lab-grown diamonds.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 : Enhanced manufacturing techniques are making lab-grown diamonds more affordable and accessible.

𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 : Changing consumer preferences for eco-friendly and ethically sourced luxury goods are contributing to market growth.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐆𝐫𝐨𝐰𝐭𝐡

Vietnam, with its rapidly expanding consumer market and rising middle class, is emerging as an important player in the lab-grown diamonds market. The demand for luxury goods in the country, especially among younger generations, is driving growth.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 : As Vietnam becomes more open to luxury goods, there are significant opportunities for lab-grown diamond producers to penetrate the market. Companies like 𝐒𝐢𝐚𝐦 𝐚𝐧𝐝 𝐕𝐢𝐧 𝐆𝐫𝐨𝐮𝐩 could play a significant role in promoting sustainable luxury in the country.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐓𝐫𝐞𝐧𝐝𝐬

Thailand, known for its jewelry manufacturing expertise, is witnessing an increase in the adoption of lab-grown diamonds, particularly for fine jewelry. The country's strong export sector, especially in gemstones and jewelry, positions it as a key player in the global lab-grown diamonds market.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 : Thailand is also witnessing a rise in awareness regarding sustainable and ethical luxury products. Leading jewelers like 𝐒𝐢𝐚𝐦 𝐉𝐞𝐰𝐞𝐥𝐫𝐲 𝐚𝐧𝐝 𝐓𝐡𝐚𝐢 𝐆𝐞𝐦𝐬 & 𝐉𝐞𝐰𝐞𝐥𝐫𝐲

are incorporating lab-grown diamonds into their collections, offering a unique selling proposition to customers seeking eco-friendly options.

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐢𝐧𝐪𝐮𝐢𝐫𝐞 𝐧𝐨𝐰 : https://www.maximizemarketresearch.com/request-sample/193972/

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐉𝐚𝐩𝐚𝐧 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧

Japan's advanced technology sector and high consumer demand for luxury products make it a significant market for lab-grown diamonds. The country's focus on sustainable and high-tech innovations in various industries aligns with the growing acceptance of lab-grown diamonds.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 : Major companies such as 𝐒𝐡𝐢𝐧-𝐄𝐭𝐬𝐮 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐒𝐮𝐦𝐢𝐭𝐨𝐦𝐨 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 are advancing research in diamond production technologies. Additionally, Japan's strong commitment to sustainability and environmental conservation is accelerating the demand for lab-grown diamonds, especially in the fashion and jewelry sectors.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

South Korea, with its thriving fashion and luxury goods market, is increasingly turning to lab-grown diamonds as a sustainable alternative. The country's well-established technology infrastructure is making it easier for local companies to scale up production.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 : With a young, tech-savvy population that values sustainability, South Korea presents an excellent opportunity for lab-grown diamond companies to expand their market presence. Leading players like 𝐋𝐆 𝐂𝐡𝐞𝐦 𝐚𝐧𝐝 𝐒𝐚𝐦𝐬𝐮𝐧𝐠 are looking into advanced production methods to meet the growing demand for eco-conscious luxury goods.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧

Singapore's strategic position as a global hub for luxury goods and sustainable practices makes it an ideal market for lab-grown diamonds. The country's progressive stance on sustainability has encouraged local jewelers and technology firms to invest in this growing sector.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝𝐬 : The rise of eco-consciousness among consumers has led to increased consolidation in the market. Singapore-based companies like𝐏𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐧 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐚𝐧𝐝 𝐒𝐰𝐚𝐫𝐨𝐯𝐬𝐤𝐢 are leading the way in integrating lab-grown diamonds into their product lines, driving both production scale and awareness.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐆𝐫𝐨𝐰𝐭𝐡

The U.S. is the largest market for lab-grown diamonds, driven by increasing consumer interest in ethical luxury products. The market for lab-grown diamonds is flourishing in both the jewelry and industrial applications sectors, especially as consumers prioritize sustainability.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 : As the U.S. continues to push for greater sustainability, the demand for lab-grown diamonds in the jewelry market is expected to rise significantly. Leading brands like 𝐃𝐢𝐚𝐦𝐨𝐧𝐝 𝐅𝐨𝐮𝐧𝐝𝐫𝐲 𝐚𝐧𝐝 𝐁𝐫𝐢𝐥𝐥𝐢𝐚𝐧𝐭 𝐄𝐚𝐫𝐭𝐡 are expanding their lab-grown diamond offerings to meet this demand. Moreover, De Beers has launched its own line of lab-grown diamonds, marking a significant shift in the market dynamics.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐮𝐫𝐨𝐩𝐞 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐓𝐫𝐞𝐧𝐝𝐬

Europe, with its strong focus on sustainability and environmental conservation, is witnessing rapid adoption of lab-grown diamonds, particularly in the luxury jewelry segment. Major countries like the UK, France, and Germany are spearheading the trend towards ethical luxury.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 : The European market is seeing an increasing trend of lab-grown diamonds being used in high-end jewelry collections. Companies like 𝐂𝐚𝐫𝐭𝐢𝐞𝐫 𝐚𝐧𝐝 𝐂𝐡𝐨𝐩𝐚𝐫𝐝

are leading the charge in integrating sustainable diamonds into their designs, responding to a growing consumer preference for eco-friendly products.

𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐚𝐛-𝐆𝐫𝐨𝐰𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

𝐏𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐧 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 a major player in the lab-grown diamond market, was recently acquired by 𝐃𝐞 𝐁𝐞𝐞𝐫𝐬 as part of their strategy to expand their lab-grown diamond portfolio, marking a significant shift in the industry.

𝐀𝐋𝐓𝐑 𝐂𝐫𝐞𝐚𝐭𝐞𝐝 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 a prominent name in the industry, has entered into a strategic partnership with 𝐓𝐢𝐟𝐟𝐚𝐧𝐲 & 𝐂𝐨 to bring lab-grown diamonds to the forefront of luxury jewelry.

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐢𝐧𝐪𝐮𝐢𝐫𝐞 𝐭𝐨𝐝𝐚𝐲 : https://www.maximizemarketresearch.com/request-sample/193972/

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐤𝐞𝐲 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐚𝐛 𝐆𝐫𝐨𝐰𝐧 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :

𝐛𝐲 𝐍𝐚𝐭𝐮𝐫𝐞

Colorless
Colored

𝐛𝐲 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐞𝐭𝐡𝐨𝐝

High Pressure High Temperature (HPHT)
Chemical Vapor Deposition (CVD)

The market is split into two segments based on manufacturing methods: Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT). The Chemical Vapor Deposition (CVD) segment is anticipated to expand at a high compound annual growth rate (CAGR) over the forecast period. This novel technique for creating lab-grown diamonds contributes to the production of high-quality diamonds with minimal imperfections. There is better control over the growth process with this manufacturing technology. The need for CVD techniques is anticipated to rise as a result of these causes.

𝐛𝐲 𝐒𝐢𝐳𝐞

2-4 carat
Below 2 carat
Above 4 carat

The market for lab-grown diamonds is separated into three segments based on size: 2-4 carat, below 2 carat, and over 4 carat. The segment with the most global market share was below two carats. This is explained by the fact that lab-grown diamonds are in high demand because they are less expensive than bigger diamonds. Small diamonds are frequently used to create jewelry, including rings, earrings, and pendants. Because huge lab-grown diamonds are becoming more and more popular, the 2-4 carat and above 4 carat category is also anticipated to rise during the forecast period. These diamonds are becoming more and more popular because to breakthroughs in technology and lower production costs.

𝐛𝐲 𝐓𝐲𝐩𝐞

Polished

Rough

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Fashion
Industrial

Fashion and industrial are the two segments of the market based on application. The fashion segment is anticipated to rise at a high compound annual growth rate (CAGR) over the forecast period, having had the greatest market share for lab-grown diamonds in 2023. Man-made diamonds now account for about 9% of the specialized diamond jewelry market, a significant increase since 2020. The push to make lab-grown diamonds more widely available is being spearheaded by a few of the biggest jewelry shops. For instance, in an attempt to market sustainable jewelry, Pandora, the biggest jewelry firm in the world, is anticipated to switch from using mined diamonds to lab-created diamonds in their pieces. During the forecast period, the industrial segment is also anticipated to develop at a high CAGR because

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Online

Offline

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 : @https://www.maximizemarketresearch.com/request-sample/193972/

𝐋𝐞𝐚𝐫𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐭𝐨𝐩 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐚𝐛 𝐆𝐫𝐨𝐰𝐧 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :

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

𝐆𝐞𝐭 𝐚𝐧𝐬𝐰𝐞𝐫𝐬 𝐭𝐨 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐋𝐚𝐛 𝐆𝐫𝐨𝐰𝐧 𝐃𝐢𝐚𝐦𝐨𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :

What is Lab Grown Diamonds ?
What is the growth rate of the Lab Grown Diamonds Market?
Which are the factors expected to drive the Lab Grown Diamonds market growth?
What is the CAGR at which the Lab Grown Diamonds market will grow during the forecast period?
What are the different segments of the Lab Grown Diamonds Market?
Which is the fastest growing region in the Lab Grown Diamonds market?
What growth strategies are the players considering to increase their presence in Lab Grown Diamonds ?
What are the upcoming opportunities and trends for the Lab Grown Diamonds Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Lab Grown Diamonds Market?
Who are the leading companies and what are their portfolios in Lab Grown Diamonds Market?
What segments are covered in the Lab Grown Diamonds Market?
Who are the key players in the Lab Grown Diamonds market?

𝐆𝐚𝐢𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/contact-us/

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬.

Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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♦ India Sports Apparel Market https://www.maximizemarketresearch.com/market-report/india-sports-apparel-market/77721/

♦ Global Cast Iron Cookware Market https://www.maximizemarketresearch.com/market-report/global-cast-iron-cookware-market/22438/

♦ India Dishwashers Market https://www.maximizemarketresearch.com/market-report/india-dishwashers-market/22507/

♦ Government and Education Logistics Market https://www.maximizemarketresearch.com/market-report/government-and-education-logistics-market/198727/

♦ Cake Flour Market https://www.maximizemarketresearch.com/market-report/global-cake-flour-market/101879/

♦ India Automotive Stamping Market https://www.maximizemarketresearch.com/market-report/india-automotive-stamping-market/31488/

♦ Global Separable Connector Market https://www.maximizemarketresearch.com/market-report/global-separable-connector-market/34281/

♦ Global Pseudocapacitor Market https://www.maximizemarketresearch.com/market-report/global-pseudocapacitor-market/69846/

♦ Global GaN-based Power Supply Adapter Market https://www.maximizemarketresearch.com/market-report/global-gan-based-power-supply-adapter-market/116106/

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