Lab-Grown Diamonds Market to Reach US$55.45B by 2032, Driven by Sustainable Luxury and CVD Technology | Top Manufacturers are ABD Diamonds, WD Advanced Materials, LLC & Adamas One Corp.

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.

According to DataM Intelligence has published a new research report on "Lab Grown Diamonds Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Lab-grown diamonds are real diamonds created in controlled laboratory environments using HPHT or CVD technologies. They have the same chemical, physical, and optical properties as mined diamonds. These diamonds are increasingly adopted in jewelry, industrial cutting tools, and electronics due to lower costs, ethical sourcing, and supply-chain transparency. Rising sustainability awareness and technological advancements continue to accelerate market adoption.

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➣ Recent Developments:

United States: Recent Industry Developments
✅ In December 2025, Diamond Foundry announced the expansion of its U.S. CVD diamond manufacturing facility.
The investment focuses on higher-carat gem production for luxury jewelry brands.
The expansion strengthens domestic supply amid rising U.S. retail demand.

✅ In November 2025, WD Lab Grown Diamonds launched a new premium bridal collection across major U.S. e-commerce platforms.
The collection emphasizes traceability and carbon-neutral production.
Early retailer adoption signals strong holiday-season traction.

✅ In October 2025, Scio Diamond Technology secured fresh growth capital from U.S. private investors.
Funds are earmarked for reactor upgrades and yield optimization.
The move supports scaling for both jewelry and semiconductor applications.

Japan: Recent Industry Developments
✅ In December 2025, ORIGIN Co., Ltd. unveiled next-generation CVD diamond wafers for electronics and optical uses.
The development targets high-purity diamonds for advanced industrial applications.
Pilot supply agreements with domestic tech firms are underway.

✅ In November 2025, Sumitomo Electric Industries announced progress in synthetic diamond substrates for power devices.
Lab-grown diamonds are being positioned as alternatives to silicon carbide.
This supports Japan's push toward next-gen semiconductor materials.

✅ In October 2025, Mitsui & Co. revealed a strategic investment in lab-grown diamond value chains.
The focus is on sourcing, advanced materials, and sustainable luxury markets.
The initiative aligns with Japan's ESG-driven investment priorities.

Latest M&A Activity - Lab-Grown Diamonds
🔹 In December 2025, Diamond Foundry completed the acquisition of a U.S.-based diamond reactor technology startup.
The deal enhances in-house equipment capabilities and cost efficiency.
It strengthens vertical integration across the manufacturing stack.

🔹 In November 2025, WD Lab Grown Diamonds acquired a niche digital jewelry platform specializing in lab-grown diamonds.
The acquisition expands direct-to-consumer reach and data-driven sales.
It reflects consolidation trends within the premium LGD retail segment.

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➣ Top Industry 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

➣ Market 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

Benefits of the Report:

Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Lab Grown Diamonds Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.

Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.

Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.

Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.

Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.

Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.

Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.

Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.

Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.

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Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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