Lab-Grown Diamonds Market Size, Share, Growth Analysis, and Forecast (2025-2032): Sustainable Alternatives Transforming Jewelry and Industrial Applications | Top Manufacturers are ABD Diamonds, WD Advanced Materials, LLC & Adamas One Corp.

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.

The lab-grown diamonds market involves diamonds produced using chemical vapor deposition (CVD) or high-pressure high-temperature (HPHT) methods. These diamonds are visually and chemically similar to mined diamonds but are more sustainable. Market growth is driven by rising consumer awareness, environmental concerns, and cost advantages. Adoption in jewelry, industrial applications, and electronics is increasing. Technological advancements improve production efficiency and quality. Ethical sourcing and traceability further boost market acceptance.

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☛ Lab Grown Diamonds Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In August 2025, Pure Grown Diamonds expanded its U.S. production facility in Nevada, increasing output capacity to meet rising demand for sustainable jewelry and industrial applications.

✅ In July 2025, Diamond Foundry partnered with luxury retailers to launch eco-friendly lab-grown diamond collections, highlighting carbon-neutral production processes.

✅ In June 2025, ALTR Created Diamonds introduced larger high-quality CVD diamonds for engagement rings and high-end jewelry, emphasizing ethical sourcing and traceability.

Europe: Recent Industry Developments

✅ In July 2025, Swarovski launched a line of lab-grown diamond jewelry across its European stores, targeting sustainability-conscious consumers.

✅ In June 2025, Scio Diamond Technology Corporation opened a European distribution hub, supplying high-purity lab-grown diamonds for industrial cutting and electronics applications.

✅ In May 2025, Diamco UK partnered with designers to create custom lab-grown diamond pieces, promoting ethical jewelry trends in the UK and EU markets.

Japan: Recent Industry Developments

✅ In July 2025, Tasaki Co., Ltd. introduced a lab-grown diamond jewelry line in Japan, combining traditional craftsmanship with sustainable materials.

✅ In June 2025, Fujikura Ltd. expanded production of synthetic diamonds for industrial applications, including electronics and precision cutting tools.

✅ In May 2025, Mitsubishi Corporation announced partnerships with domestic jewelers to distribute high-quality lab-grown diamonds with verified ethical sourcing in Japan.

☛ Lab Grown Diamonds Market Competitve Landscape:

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

Research Methodology

We follow a hybrid research approach, combining qualitative insights with rigorous quantitative analysis to deliver reliable and comprehensive market intelligence. Our process begins with extensive secondary research, drawing on trusted industry reports, proprietary databases, and credible market sources. This is then reinforced through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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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

☛ This Report Includes:

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✔ Deep-dive analysis into development trends, competitive landscape, supply-demand dynamics, YoY growth, benchmarking, vendor mapping, market access, and overall progress.

✔ Tailored regional and country-level reports with detailed localized analysis available on request.

✔ Identification of niche segments and high-growth regions presenting strong opportunities.

✔ Accurate regional forecasts using both top-down and bottom-up approaches.

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☛ 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)

☛ Frequently asked questions:

➠ What is the global sales, production, consumption, import, and export value of the Lab Grown Diamonds Market?
➠ Who are the key global manufacturers, and what is their operational performance?
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➠ Which product types or end-users show the most growth potential and market share?
➠ What challenges and constraints are impacting the Lab Grown Diamonds Market?
➠ What sales, marketing, and distribution channels are used globally?

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