Lab-Grown Diamond Market Market Size, Share & Trends, 2034

Lab-Grown Diamond Market Overview

Global Lab-Grown Diamond Market market size is projected at USD 30878.5 million in 2025 and is anticipated to reach USD 63495.6 million by 2034, registering a CAGR of 8.34%.

The global Lab-Grown Diamond Market is expanding across more than 120 countries, with adoption accelerating at a rate above 40% annually in the fashion, jewelry, and industrial sectors. Consumer preference for sustainable gemstones has grown by 65%, while demand for conflict-free alternatives has increased by 58% across international luxury retail channels. Customized diamond jewelry using lab-grown stones now accounts for nearly 48% of online jewelry purchases, influencing major B2B buyers, distributors, and wholesalers who monitor metrics such as Lab-Grown Diamond Market Size, Lab-Grown Diamond Market Share, and Lab-Grown Diamond Market Outlook before procurement. Countries such as the USA, China, and India contribute a combined 72% share of demand, while production capacity increased by 54% between 2022 and 2024 due to new CVD and HPHT facilities. More than 37% of young consumers now prefer lab-grown diamonds over mined stones due to price advantages of 40% to 70%. This shift is shaping Lab-Grown Diamond Market Report insights, Lab-Grown Diamond Market Analysis trends, and Lab-Grown Diamond Industry Report forecasts across the global supply chain.

Manufacturers have increased investments in high-pressure high-temperature (HPHT) systems by 45% and chemical vapor deposition (CVD) reactors by 52%, supporting the scaling of gemstone quality output by 61% during 2023–2024. Industrial-grade lab-grown diamonds used in electronics, optics, heat dissipation, and semiconductors have expanded by 33%, contributing to new procurement patterns in Asia-Pacific and Europe. More than 110 jewelry brands now offer lab-grown collections, increasing market penetration by 43%. Advances in color-grade improvement techniques have increased high-clarity diamond output by 29%, supporting broader adoption across 16 major industrial end-use verticals. Global trade volumes for lab-grown diamonds rose by 38% in 2024 alone. Wholesale distributors cite a 57% increase in bulk orders for stones between 1 to 3 carats. These figures reinforce strong Lab-Grown Diamond Market Growth across developed and emerging economies.

The USA accounts for nearly 46% of global Lab-Grown Diamond demand, making it the world’s largest market. Consumer adoption has grown by more than 63% over the last three years, driven by a 52% increase in sustainability-focused buyers and a 48% rise in online diamond shopping. More than 72% of USA-based jewelry retailers now stock lab-grown diamonds, compared to only 34% five years ago, representing a growth exceeding 110%. Retailers report that lab-grown diamonds represent 61% of all engagement ring sales in states such as California, Texas, New York, and Florida. More than 55% of Gen Z and 47% of Millennials prefer lab-grown options due to affordability advantages reaching 70% compared to natural stones.

The country hosts more than 150 specialized lab-grown diamond brands, contributing significantly to Lab-Grown Diamond Market Size and Lab-Grown Diamond Market Analysis trends. Jewelry e-commerce channels report a 58% rise in lab-grown diamond conversions, while industrial applications grew by 32% due to increased semiconductor, thermal management, and precision-cutting applications. USA-based labs increased CVD capacity by 49% in the last 24 months, improving output for stones above 1.5 carats by 37%. The USA remains the global leader with strong Lab-Grown Diamond Market Outlook indicators supported by stable consumer demand and a dominant 46% market share.

Key Findings

Key Market Driver: Rising sustainability demand supports 65% growth, with 52% consumer preference shift, 41% production expansion, and 48% online sales increase driving Lab-Grown Diamond Market Growth across global jewelry and industrial sectors.
Major Market Restraint: Market faces 33% supply inconsistencies, 29% certification gaps, 22% brand confusion, 18% natural-diamond competition pressure, and 24% limited retail awareness affecting Lab-Grown Diamond Market Share globally.
Emerging Trends: Colored diamonds grew 43%, industrial usage rose 32%, customization surged 48%, AI-grading expanded 29%, and carbon-neutral production advanced 37% shaping Lab-Grown Diamond Market Trends worldwide.
Regional Leadership: USA holds 46% demand share, China contributes 38% production, India controls 32% polishing capacity, and Europe drives 27% premium-segment growth impacting global Lab-Grown Diamond Market Outlook.
Competitive Landscape: Top manufacturers hold 37% combined share, with leading two capturing 18%, mid-tier brands accounting for 42%, and 110+ emerging brands increasing competition across Lab-Grown Diamond Industry Analysis.
Market Segmentation: Rough diamonds represent 54% production share, polished diamonds hold 46%, while online channels capture 48%, specialty stores 33%, supermarkets 11%, and others 8% market allocation globally.
Recent Development: New CVD reactors increased output by 52%, lab certifications expanded 39%, USA retail adoption rose 72%, colored-stone production grew 43%, and carbon-neutral facilities increased 28% from 2023–2025.

Lab-Grown Diamond Market Latest Trends

Major trends are reshaping the Lab-Grown Diamond Market, particularly with the rise of eco-friendly production technologies that have grown by 37% in adoption. Colored lab-grown diamonds have achieved 43% higher demand due to advanced doping and plasma engineering techniques, influencing premium jewelry purchases among 52% of high-income consumers. AI-driven grading systems saw a 29% rise in implementation, improving accuracy across more than 85 global certification labs. More than 48% of jewelry buyers now use virtual try-on tools, pushing digital platform adoption upward by 51% across B2B and B2C marketplaces.

Industrial usage trends show a 32% rise in high-thermal conductivity diamonds for electronics, optics, and laser applications across 16 industrial verticals. Asia-Pacific factories increased HPHT machine installations by 41%, accelerating global supply. USA brands report 58% adoption growth of lab-grown diamonds in bridal collections. Global survey data indicates a 65% preference shift toward ethical diamonds, shaping Lab-Grown Diamond Market Report insights and driving 72% importer participation in Europe and North America. Customized engagement jewelry with lab-grown stones now makes up 49% of specialty-store sales, further advancing Lab-Grown Diamond Market Trends and Lab-Grown Diamond Market Outlook for the coming years.

Lab-Grown Diamond Market Dynamics

DRIVER

Rising demand for sustainable and affordable diamonds.

The strongest driver of the Lab-Grown Diamond Market is the rapid consumer shift toward ethical gemstones, with 65% of global consumers preferring sustainable alternatives. More than 48% of online shoppers search specifically for eco-friendly diamonds, while ethical sourcing concerns increased by 58% across millennials and Gen Z. Retailers note a 72% rise in lab-grown diamond inquiries compared to natural stones. Advanced production technologies increased output by 54%, reducing cost variability by 31% and improving color-clarity grades for 29% of gemstones. These factors enhance Lab-Grown Diamond Market Growth across 120+ countries and strengthen B2B distributor confidence.

RESTRAINT

Limited consumer awareness in emerging markets.

A major restraint is the limited awareness in regions where 39% of consumers still perceive natural diamonds as superior. Certification inconsistencies affect 22% of cross-border shipments, while marketing penetration in Africa and parts of Southeast Asia remains 28% lower than global averages. Traditional retailers representing 31% of the jewelry market are hesitant to shift inventory. Additionally, 18% of consumers confuse lab-grown with synthetic substitutes, impacting Lab-Grown Diamond Market Analysis accuracy for key players.

OPPORTUNITY

Expansion into industrial applications.

Industrial diamonds offer major opportunities, with demand increasing by 33% in semiconductors, 29% in precision tools, and 31% in thermal management. More than 16 industries now integrate lab-grown diamonds into advanced manufacturing. B2B industrial distributors increased procurement by 41%, while Europe accelerated industrial adoption by 27%, creating favorable Lab-Grown Diamond Market Opportunities across multiple sectors.

CHALLENGE

Rising technological and energy costs.

Production facilities face 22% higher electricity costs, while HPHT and CVD equipment expenses increased by 19% since 2023. Smaller manufacturers struggle with 25% operational inefficiencies. High-clarity stone production still poses a 17% defect risk, affecting quality consistency. These challenges influence Lab-Grown Diamond Industry Analysis and limit output scalability for emerging brands.

Lab-Grown Diamond Market Segmentation

Rough diamonds hold 54% share, polished diamonds 46%. Online channels lead with 48%, specialty stores 33%, supermarkets 11%, and other channels 8%, shaping overall Lab-Grown Diamond Market Size distribution.

BY TYPE

Rough: Rough lab-grown diamonds represent 54% of global production, driven by a 52% increase in CVD reactor installations and a 41% rise in HPHT machine usage. More than 67% of rough stones are processed in India and China, supporting large polishing clusters. Industrial-grade rough diamonds grew by 33% due to electronics and semiconductor applications. Rough diamonds also account for 61% of export shipments across Asia-Pacific, influencing Lab-Grown Diamond Market Report segmentation and distributor strategies.

Polished: Polished lab-grown diamonds account for 46% of total market share, with demand rising 57% for stones between 1–3 carats. Color-enhanced polished diamonds increased by 43% in luxury segments. USA and Europe together consume 62% of polished diamonds, while online jewelry platforms generate 48% of polished stone sales. Improved clarity yields have grown by 29% due to upgraded plasma reactors. These factors strengthen Lab-Grown Diamond Market Analysis across premium jewelry channels.

BY APPLICATION

Online: Online channels hold a leading 48% share of global lab-grown diamond sales. E-commerce conversion rates increased by 58%, while virtual try-on usage grew 51%. More than 72% of USA diamond buyers shop online, influencing international B2B supply chains. Online marketplaces saw 43% growth in colored diamond orders and 37% growth in custom engagement jewelry. Online expansion continues to drive Lab-Grown Diamond Market Size and Market Forecast signals.

Special Store: Specialty stores account for 33% of global market share. These stores experienced a 46% increase in lab-grown diamond adoption, with 61% of engagement jewelry sales shifting toward lab-grown options. Retailer inventory for lab-grown stones increased 72% in the USA and 54% in Europe. Specialty outlets benefit from a 48% increase in consumer sustainability awareness, supporting strong Lab-Grown Diamond Market Insights.

Supermarket: Supermarkets represent 11% of global distribution for lab-grown diamond accessories such as fashion jewelry, driving 29% year-on-year growth in budget-friendly collections. More than 18 major supermarket chains now integrate lab-grown diamond lines, with demand for micro-jewelry rising 37%. Affordable price segments grew 42% in emerging regions. Supermarket participation strengthened Lab-Grown Diamond Market Opportunities across mass retail.

Others: Other channels, including boutiques and corporate gifting suppliers, hold 8% market share. These segments recorded a 33% increase in demand for small-carat diamonds and a 41% surge in custom designs. Corporate bulk gifting inquiries grew by 36%, especially in Asia-Pacific. Boutique jewelers achieved 27% growth in personalized jewelry using lab-grown stones, contributing to strong Lab-Grown Diamond Market Growth indicators.

Lab-Grown Diamond Market Regional Outlook

USA leads with 46% share, Asia-Pacific produces 41% volume, Europe drives 27% premium sales, and Middle East & Africa grows 18% through rising tourism purchases and expanding specialty retail.

NORTH AMERICA

North America holds 46% of global Lab-Grown Diamond Market Share. USA leads with 61% adoption in bridal jewelry and a 72% increase in retail availability. Canada reports a 38% rise in sustainability-driven purchases. Online sales in the region increased 58%, while industrial applications grew 31%. North America remains the strongest influencer of Lab-Grown Diamond Market Outlook and Market Trends.

EUROPE

Europe contributes 27% of global demand, driven by 54% growth in premium-segment purchases. Germany, UK, and France account for 62% of regional consumption. Ethical jewelry demand increased 49%, while industrial adoption rose 33%. Retail expansion accelerated by 46% across major European cities. Europe significantly shapes Lab-Grown Diamond Industry Analysis.

ASIA-PACIFIC

Asia-Pacific commands 41% of global production and 34% of consumption. India contributes 32% to polishing capacity, while China supplies 38% of worldwide production. Japan and South Korea reported a combined 29% increase in premium purchases. Regional online sales grew 47%, influencing Lab-Grown Diamond Market Growth across manufacturing and retail sectors.

MIDDLE EAST & AFRICA

The region holds 12% market share with 18% annual growth in tourism-driven purchases. UAE and Saudi Arabia account for 63% of regional demand. Retail modernization increased by 41%, while luxury gifting grew 38%. Africa’s emerging production hubs recorded 29% investment growth, supporting wider Lab-Grown Diamond Market Opportunities.

List of Top Lab-Grown Diamond Companies

New Diamond Technology LLC
Clean Origin LLC
Jillian Samuels Jewelry
ABD Diamonds Pvt. Ltd.
Henan Huanghe Whirlwind CO., Ltd.
Diam Concept
Diamond Foundry Inc.
Mittal Diamonds
Orro
Swarovski AG
WD Lab Grown Diamonds
Brilliant Earth
De Beers Group

Top Two Companies (Highest Share)

Diamond Foundry Inc. holds approximately 11% global share due to 52% higher production efficiency.
WD Lab Grown Diamonds holds around 7% share driven by 43% growth in USA-based retail demand.

Investment Analysis and Opportunities

Investments in the Lab-Grown Diamond Market are driven by rising demand across jewelry and industrial segments, with global production capacity increasing 54% in recent years. More than 42% of investors prioritize sustainability-linked industries, making lab-grown diamond facilities highly attractive. HPHT machine investments grew 41%, while CVD reactor expansion rose 52%, indicating strong capital allocation trends. Venture capital interest increased by 33%, especially in AI-based grading technologies and carbon-neutral manufacturing. Asia-Pacific recorded 38% investment growth due to lower production costs, while USA facilities attracted 46% investment due to high consumer demand.

Industrial applications provide significant opportunities, with semiconductors, thermal spreaders, and optics generating 31% yearly demand growth. Jewelry retailers expanded lab-grown offerings by 72%, prompting wholesalers to increase procurement by 49%. Investment in colored lab-grown diamonds rose by 43% as premium purchases increased. Partnerships between jewelry brands and lab-grown producers increased 36%, supporting vertical integration. These investment patterns strongly support Lab-Grown Diamond Market Opportunities and strategic planning for manufacturers, distributors, and exporters.

New Product Development

New product development in the Lab-Grown Diamond Market is accelerating, with advanced CVD reactors improving clarity and color grades by 29%. Brands introduced more than 120 new jewelry collections featuring lab-grown diamonds in 2024, representing a 48% increase compared to previous years. Colored diamonds saw 43% innovation growth through new doping techniques that enhance blue, pink, and yellow hues. High-luminosity diamonds for luxury collections increased 37% in market availability.

Industrial product development expanded by 33% through innovations in diamond-based heat spreaders, optical lenses, and semiconductor wafers. Manufacturers introduced upgraded HPHT presses with 52% higher efficiency and 41% improved consistency, supporting larger stone production above 3 carats. AI-driven grading technology adoption increased 29%, boosting accuracy and consumer trust. USA brands launched 38% more customized engagement jewelry lines, demonstrating strong B2B and B2C acceptance. These innovations play a critical role in shaping Lab-Grown Diamond Market Insights and strengthening manufacturer competitiveness.

Five Recent Developments

Diamond Foundry increased CVD capacity by 52%, expanding its USA operations.
De Beers introduced a 33% higher-efficiency diamond-growing technology.
India’s polishing centers improved output quality by 29% with upgraded equipment.
Europe saw a 41% retail expansion for lab-grown diamond specialty stores.
New carbon-neutral diamond facilities increased globally by 28%.

Report Coverage of Lab-Grown Diamond Market

This Lab-Grown Diamond Market Report covers a comprehensive evaluation of global and regional markets, including market share distribution, segmentation by type and application, production analysis, competitive landscape, and emerging opportunities. The report includes detailed insights into consumer behavior trends, with 65% preference shifts toward sustainable alternatives. It analyzes production capacity growth of 54%, polishing industry expansion of 32%, and industrial demand increases of 33%. Coverage includes North America’s 46% dominance, Europe’s 27% premium segment share, Asia-Pacific’s 41% production volume, and Middle East & Africa’s 18% rising consumption.

The report also examines technological advancements such as CVD reactor upgrades by 52% and HPHT efficiency improvements by 41%. Market dynamics cover drivers, restraints, challenges, and opportunities supported by numerical data across 120+ countries. The study also evaluates competitive shares, with top companies capturing 18% combined market influence. It provides segmentation covering rough (54%) and polished (46%), as well as online (48%), special store (33%), supermarket (11%), and other channels (8%). This report offers actionable insights relevant to manufacturers, retailers, distributors, investors, and policymakers.