Lab Grown Diamonds Market Demand Set to Surge, Valued at USD 25.81 Billion in 2023

China is the largest producer of lab grown diamonds.

Unlocking the Future of the Lab Grown Diamonds Market:

Maximize Market Research has published a comprehensive analysis of the Lab Grown Diamonds Market, revealing critical business insights and projections through 2030. This detailed report explores the current market dynamics, competitive landscape, and emerging opportunities across regions, giving you a front-row seat to the evolving Lab Grown Diamonds industry.

Forecasted Expansion of Lab Grown Diamonds Market:

The Lab Grown Diamonds Market size was valued at USD 25.81 Billion in 2023 and is expected to grow at a CAGR of 9.4 percent from 2024 to 2030 to reach USD 48.42 Billion.

Looking for insights? Request your free sample report now: https://www.maximizemarketresearch.com/request-sample/193972/ 

What's Inside the Report:

In-Depth Analysis & Segmentation

This report delves into every aspect of the Lab Grown Diamonds market, segmenting it by service category, company size, end-user sector, and geography. Using advanced methodologies like PORTER and PESTLE analyses, we examine drivers, challenges, and growth opportunities to provide you with an actionable view of the market landscape.

by Nature

Colorless
Colored

by Manufacturing Method

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

by Size

2-4 carat
Below 2 carat
Above 4 carat

The market for lab-grown diamonds is separated into three segments based on size: 2-4 carat, below 2 carat, and over 4 carat. The segment with the most global market share was below two carats. This is explained by the fact that lab-grown diamonds are in high demand because they are less expensive than bigger diamonds. Small diamonds are frequently used to create jewelry, including rings, earrings, and pendants. Because huge lab-grown diamonds are becoming more and more popular, the 2-4 carat and above 4 carat category is also anticipated to rise during the forecast period. These diamonds are becoming more and more popular because to breakthroughs in technology and lower production costs.

by Type

Polished
Rough

by Application

Fashion
Industrial

Fashion and industrial are the two segments of the market based on application. The fashion segment is anticipated to rise at a high compound annual growth rate (CAGR) over the forecast period, having had the greatest market share for lab-grown diamonds in 2023. Man-made diamonds now account for about 9% of the specialized diamond jewelry market, a significant increase since 2020. The push to make lab-grown diamonds more widely available is being spearheaded by a few of the biggest jewelry shops. For instance, in an attempt to market sustainable jewelry, Pandora, the biggest jewelry firm in the world, is anticipated to switch from using mined diamonds to lab-created diamonds in their pieces.

by Distribution Channel

Online
Offline

Global & Regional Insights

Gain insights into the Lab Grown Diamonds market across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report examines each region’s growth patterns, demand fluctuations, and the macroeconomic factors shaping market trajectories.

Set to uncover key insights? Download your report sample now: https://www.maximizemarketresearch.com/request-sample/193972/ 

Competitive Edge:

Discover strategies of the key players in the Lab Grown Diamonds market and explore how they are navigating trends, expanding their portfolios, and capitalizing on emerging applications. From global leaders to regional influencers, this report provides a complete competitive analysis.

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
11. New Diamond Technology
12. Henan Huanghe Whirlwind CO., Ltd.
13. Mittal Diamonds
14. ABD Diamonds Pvt. Ltd
15. WD Lab Grown Diamonds
16. Diam Concept
17. HEYARU Group
18. Eco Lab Diamonds
19. Panora
20. Kimaï
21. VRAI
22. Queensmith
23. Brilliant Earth
24. RITANI
25. James Allen
26. Blue Nile
27. Mia Donna
28. Ada Diamonds

Table of Content: Lab Grown Diamonds Market

Part 01: Executive Summary

Part 02: Scope of the Lab Grown Diamonds Market Report

Part 03: Global Lab Grown Diamonds Market Landscape

Part 04: Global Lab Grown Diamonds Market Sizing

Part 05: Global Lab Grown Diamonds Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Interested in market perspectives? Review the research report summary: https://www.maximizemarketresearch.com/market-report/lab-grown-diamonds-market/193972/

Key Highlights:

Historical Market Data (2018-2022) 

Forecasts by Segment, Region, and Industry Application (2024-2030) 

SWOT Analysis, Value Chain Insights, and Growth Drivers 

Legal Aspects by Region and Emerging Opportunities 

Top Questions Answered:

What are the key growth drivers and trends in the Lab Grown Diamonds market?

Who are the major players, and how do they maintain a competitive edge?

What new applications are poised to revolutionize the Lab Grown Diamonds industry?

How will the Lab Grown Diamonds market grow in the coming years, and at what rate?

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Manasi Bandichode

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