Lab-Grown Diamonds Market Sector Booms in Jewelry & Fashion 2025-2032 | M&A , Key Moves by KAY, Grown Brilliance

Market Size and Growth

As per DataM Intelligence Experts Research Report 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 has released its latest in-depth analysis on the global Lab Grown Diamonds Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Lab-grown diamonds, also known as synthetic or cultured diamonds, are real diamonds created in a controlled laboratory environment using advanced technological processes that replicate the natural conditions under which diamonds form in the earth. They have the same physical, chemical, and optical properties as mined diamonds.

Key Players:

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

Key Development:

In September 2024, KAY Jewelers unveiled its debut colored lab-grown diamond collection in collaboration with designer Monique Lhuillier. The elegant line includes 12 engagement rings showcasing pink, blue, and yellow lab-created diamonds set in 18K gold, with carat weights ranging from 1.5 to 2.625 carats.

In July 2024, Grown Brilliance introduced the "Melrose" collection, its first line featuring pink and blue lab-grown diamonds. The 20-piece collection draws design inspiration from the brand's flagship store in Los Angeles.

Earlier in March 2024, Kendra Scott expanded her fine jewelry portfolio by launching an 11-piece lab-grown diamond collection. The offering includes custom rings with diamonds between 0.5 and 2 carats, available in select stores across the United States.

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 2024, 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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Key Segments:

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:

⇥ 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:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Lab Grown Diamonds producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Lab Grown Diamonds revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Lab Grown Diamonds Market?

A: In 2024, the Lab Grown Diamonds Market was valued at USD$ 25.68 billion, reflecting its strong industry presence.

Q2: How large is the Lab Grown Diamonds Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Lab Grown Diamonds Market will grow to around USD $ 55.45 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Lab Grown Diamonds Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 10.10% during the forecast period from 2025 to 2032.

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