Press release
Lab Grown Diamonds Market is expected to reach US$ 55.45 billion by 2032 | Major players - ABD Diamonds, WD Advanced Materials, LLC, Adamas One Corp, New Diamond Technology.
Lab Grown Diamonds Market
The Global Lab Grown Diamonds Market size 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 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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The Lab Grown Diamonds Market encompasses the production, distribution, and sale of synthetic diamonds created in controlled laboratory environments using technologies like High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD). These diamonds offer the same physical, chemical, and optical properties as natural diamonds, catering to jewelry, industrial applications, and sustainable luxury markets while promoting ethical and eco-friendly alternatives.
Recent Key Developments of United States:
✅ November 2025: US consumers showed sensitivity to tariff-driven price hikes, yet jewelry consumption outperformed expectations, boosted by asset wealth effects.
Retailers like Kay, Zales, and Jared reported lab-grown diamonds rising to 17% of sales in 2025, lifting overall performance by 6%.
✅ October 2025: Diamond market uncertainty persisted due to US tariffs, leading to price declines across categories and impacting lab-grown diamond wholesale values.
Experts noted lab-grown diamond prices dropping significantly, with one- and two-carat stones falling up to 96% since 2018 from oversupply.
✅ September 2025: The White House announced on September 5 that diamonds could qualify for tariff exemptions, potentially easing import costs and stabilizing prices amid ongoing trade uncertainties.
This policy shift aimed to support the mature US market, which holds about 50% of global lab-grown diamond demand with stabilized 5-7% annual growth.
Recent Key Developments of Europe:
✅ November 2025: The region projected 14-19% growth in lab-grown diamond jewelry, led by eco-friendly demand in the UK and Germany, with France integrating them into high-end designs.
Sustainability trends reinforced Europe's 30% global market share, prioritizing certified, transparent gems.
✅ October 2025: CIBJO released its Diamond Special Report, advocating a rethink on distinguishing natural from synthetic diamonds to enhance market transparency.
This addressed plummeting lab-grown prices affecting consumer confidence across European markets.
✅ September 2025: Europe's market grew steadily at 8-10% annually, driven by sustainability focus in countries like the UK, Germany, and France, amid rigorous environmental regulations.
Demand emphasized ethical jewelry, with lab-grown options favored for conflict-free attributes in luxury and bridal segments.
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
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This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Segments 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:
⇥ 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)
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Chapter Outline
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Lab Grown Diamonds market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Lab Grown Diamonds Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The Global Lab Grown Diamonds market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Lab Grown Diamonds Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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People Also Ask:
◆ How big is the Lab Grown Diamonds Market in 2025?
◆ What is the projected growth rate of the Lab Grown Diamonds Market through 2033?
◆ Who are the key players in the Lab Grown Diamonds Market?
◆ Which region is expected to dominate the industry during the forecast period?
Contact Us -
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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