Lab Grown Diamonds Market is expected to reach US$ 55.45 billion by 2032 | Major Companies - ABD Diamonds, WD Advanced Materials, LLC, Adamas One Corp, New Diamond Technology

Market Size and Growth:

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 refers to the global industry focused on producing, distributing, and selling diamonds created using advanced technologies such as Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT). These diamonds possess the same physical, chemical, and optical properties as natural diamonds. The market serves jewelry, industrial, and technological applications, driven by ethical sourcing, cost advantages, sustainability concerns, and growing consumer acceptance across both luxury and industrial end-use sectors worldwide.

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Recent Key Developments of United States:

✅ February 2026: Federal incentives for sustainable gem production were introduced, offering tax credits to lab-grown diamond manufacturers, spurring over $200 million in new domestic investments.

✅ January 2026: The U.S. and Japan revealed a joint $550 million investment plan for a new synthetic diamond plant in America, focusing on high-purity gems for electronics and quantum computing.

✅ December 2025: Leading U.S. retailer Lightbox Jewelry slashed lab-grown diamond prices by 20%, making 1-carat stones available under $800, accelerating mainstream adoption amid ethical sourcing preferences.

✅ November 2025: A major U.S. synthetic diamond facility expansion was announced, boosting production capacity by 40% to meet surging demand for industrial and jewelry applications, driven by advancements in CVD technology.

Recent Key Developments of Japan:

✅ February 2026: Southern Japan emerged as a production hub with new CVD collaborations, driving ethical jewelry campaigns and a forecasted 16.77% CAGR through 2032.

✅ January 2026: Japan committed to the U.S. joint venture for synthetic diamond output, aiming to secure supply chains for semiconductors while projecting market growth to USD 1.39 billion by year-end.

✅ December 2025: EDP Corporation enhanced its production post-Lusix acquisition, launching IGI-certified colored lab-grown diamonds targeting luxury exports and automotive coatings.

✅ November 2025: Tokyo-based MadisonDia reported a 35% rise in lab-grown diamond sales, with prices for 1-carat rings dropping to ¥150,000 due to improved CVD efficiency and younger buyer demand.

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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