Lab Grown Diamonds Market in the Jewelry Industry, Fashion Brands Embracing The Engagement Rings 2025-2032

Global Lab-Grown Diamonds Market reached US$ 25.68 billion in 2024 and is expected to reach US$ 55.45 billion by 2032, growing with a CAGR of 10.10% during the forecast period 2025-2032.

Lab Grown Diamonds Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Lab grown diamonds are real diamonds created in a laboratory using high-pressure high-temperature (HPHT) or chemical vapor deposition (CVD) methods, replicating natural diamond formation. They have the same physical, chemical, and optical properties as mined diamonds but are more sustainable and affordable.

List of the Key Players in the Lab Grown Diamonds Market:

ABD Diamonds, WD Advanced Materials, LLC, Adamas One Corp, Henan Huanghe Whirlwind CO., Ltd., BHANDERI LAB GROWN DIAMONDS, New Diamond Technology, Mini Diamonds (I) Ltd., SP3 Diamond Technologies LLP, Mittal Diamonds, De Beers Group

Industry Development:

In September 2024, KAY Jewelers unveiled its first colored lab-created diamond collection in collaboration with designer Monique Lhuillier. The collection features 12 engagement rings adorned with pink, blue, and yellow lab-grown diamonds, set in 18K gold, with carat weights ranging from 1.5 to 2.625 ct. t.w.

In July 2024, Grown Brilliance, a leading lab-grown diamond brand, introduced the "Melrose" collection, its debut line showcasing pink and blue lab-grown diamonds. Comprising 20 pieces, the collection is inspired by the brand's Los Angeles flagship location.

In March 2024, jewelry brand Kendra Scott expanded into the lab-grown diamond segment by launching an 11-piece fine jewelry collection. The range includes custom-designed rings with diamond sizes between 0.5 to 2 carats, available at select stores across the U.S.

Growth Forecast Projected:

The Global Lab Grown Diamonds Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Lab Grown Diamonds Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Lab Grown Diamonds Market:

By Manufacturing Method: High Pressure High Temperature (HPHT), Chemical Vapor Deposition (CVD)

By Type: Polished, Rough

By Nature: Colorless, Colored

By Size: Below 2 Carats, 2-4 Carats, Above 4 Carats

By Application: Fashion, Industrial

Regional Analysis for Lab Grown Diamonds Market:

The regional analysis of the Lab Grown Diamonds Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Lab Grown Diamonds market?

➠ Who are the leading manufacturers in the global Lab Grown Diamonds industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Lab Grown Diamonds industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Lab Grown Diamonds market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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