Lab Grown Diamonds Market size was valued at USD 23.6 Billion in 2022 and is expected to grow at a CAGR of 9.4 percent from 2023 to 2029 to reach USD 44.26 Billion.

Lab Grown Diamonds Market Overview

The report provides a comprehensive overview of the Lab Grown Diamonds Industry including its most recent revenue and trends, as well as its definition, overview, and structure. The primary and secondary data has been compiled to ensure that the Lab Grown Diamonds market report is authentic and error-free.

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Lab Grown Diamonds Market Report Scope and Research Methodology

The report provides an in-depth analysis of the Lab Grown Diamonds market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. A bottom-up approach was used to estimate the Lab Grown Diamonds market size. Key players in the Lab Grown Diamonds industry were identified through secondary research, and their market revenues were determined through primary and secondary research. Secondary research included a review of annual and financial reports of Lab Grown Diamonds leading players, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The Lab Grown Diamonds market structure by country, with market share by market leaders, market followers, and local players, makes this report a comprehensive and insightful industry outlook. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Lab Grown Diamonds market by region, by investment, and their strategic intent.

Lab Grown Diamonds Market Regional Insights

The report is segmented into several key countries, with market size, growth rate, import and export of Lab Grown Diamonds market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

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Lab Grown Diamonds Market Segmentation

by Nature

Colorless
Colored

by Manufacturing Method

High Pressure High Temperature (HPHT)
Chemical Vapor Deposition (CVD)

Based on Manufacturing Method: Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) are the two segments of the market. The Chemical Vapor Deposition (CVD) market is anticipated to expand at a rapid rate of growth throughout the course of the projected period. This novel process for creating lab-grown diamonds contributes to the production of high-quality diamonds with minimal imperfections. Increased control over the growing process is possible with this manufacturing approach. It is anticipated that these elements will raise demand for CVD techniques.

by Size

2-4 carat
Below 2 carat
Above 4 carat

The market for lab-grown diamonds is split into three segments based on size: 2-4 carat, below 2 carat, and over 4 carat. The global market share that was represented by the Below 2 carat sector was the highest. This is explained by the fact that lab-grown diamonds are in high demand as they are less expensive than bigger diamonds. Small diamonds are frequently used to create jewelry, including rings, earrings, and pendants. The rising demand for large-sized lab-grown diamonds is predicted to fuel growth in the 2-4 carat and above 4 carat segments over the course of the projection period. The decline in production costs and developments in technology are the main reasons behind the rising popularity of these diamonds.

by Type

Polished
Rough

by Application

Fashion
Industrial

Application-wise, the market is split into the fashion and industrial segments. With the biggest market share of lab-grown diamonds in 2022, the fashion segment is anticipated to expand at a rapid rate of growth throughout the course of the forecast period. Man-made diamonds currently account for about 9% of the specialized diamond jewelry market; this percentage has increased significantly before 2020. Driven by a few of the biggest jewelry merchants, the goal is to make lab-grown diamonds widely available. For instance, in an attempt to market sustainable jewelry, Pandora, the biggest jewelry manufacturer in the world, is predicted to replace lab-created diamonds in its jewelry with diamonds that are mined no longer.

by Distribution Channel

Online
Offline

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Lab Grown Diamonds Market Key Players

1. Swarovski
2. Clean Origin
3. Vibranium Lab
4. Diamond Foundry
5. 12FIFTEE
6. RITANI
7. CVD Diamond Inc
8. LUSIX
9. Craft Lab Grown Diamonds
10. De Beers Group

Key Questions answered in the Lab Grown Diamonds Market Report are:

• What is Lab Grown Diamonds?
• What is the expected CAGR of the Lab Grown Diamonds market during the forecast period?
• What is the expected Lab Grown Diamonds market size by the end of the forecast period?
• What are Lab Grown Diamonds market segments?
• Which segment of the Lab Grown Diamonds market is expected to grow rapidly during the forecast period?
• Who are the key players in the Lab Grown Diamonds market?
• What key trends are expected to emerge in the Lab Grown Diamonds market in the coming years?
• What are the factors restraining the Lab Grown Diamonds market growth?
• Which regional Lab Grown Diamonds market is expected to grow at a high rate during the forecast period?
• Which region held the largest Lab Grown Diamonds market share in 2022?

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Key Offerings:

• A detailed Market Overview
• Market Share, Size & Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments and sub-segments
• Regional Insights
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors
• Industry Recommendations

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