Lab-Grown Diamonds Market Size, Share, and Trends 2024 to 2034

The global lab-grown diamonds market size is calculated at USD 29.73 billion in 2025 and is forecasted to reach around USD 97.85 billion by 2034, accelerating at a CAGR of 14.15% from 2025 to 2034. The Asia Pacific market size surpassed USD 8.86 billion in 2024 and is expanding at a CAGR of 14.31% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 5596
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis 
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Lab-Grown Diamonds Market

5.1. COVID-19 Landscape: Lab-Grown Diamonds Industry Impact
5.2. COVID-19 Impact Assessment for the Industry
5.3. COVID-19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Lab-Grown Diamonds Market, By Manufacturing Method

8.1. Lab-Grown Diamonds Market Revenue and Volume Forecast, by Manufacturing Method
8.1.1. HPHT
8.1.1.1. Market Revenue and Volume Forecast 
8.1.2. CVD
8.1.2.1. Market Revenue and Volume Forecast

Chapter 9. Global Lab-Grown Diamonds Market, By Nature

9.1. Lab-Grown Diamonds Market Revenue and Volume Forecast, by Nature
9.1.1. Colorless
9.1.1.1. Market Revenue and Volume Forecast 
9.1.2. Colored
9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Lab-Grown Diamonds Market, By Size

10.1. Lab-Grown Diamonds Market Revenue and Volume Forecast, by Size
10.1.1. Below 2 Carat
10.1.1.1. Market Revenue and Volume Forecast 
10.1.2. 2-4 Carat
10.1.2.1. Market Revenue and Volume Forecast 
10.1.3. Above 4 Carat
10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Lab-Grown Diamonds Market, By Application

11.1. Lab-Grown Diamonds Market Revenue and Volume Forecast, by Application
11.1.1. Fashion
11.1.1.1. Market Revenue and Volume Forecast 
11.1.2. Industrial
11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global Lab-Grown Diamonds Market, Regional Estimates and Trend Forecast

12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.1.2. Market Revenue and Volume Forecast, by Nature 
12.1.3. Market Revenue and Volume Forecast, by Size 
12.1.4. Market Revenue and Volume Forecast, by Application 
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.1.5.2. Market Revenue and Volume Forecast, by Nature 
12.1.5.3. Market Revenue and Volume Forecast, by Size 
12.1.5.4. Market Revenue and Volume Forecast, by Application 
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.1.6.2. Market Revenue and Volume Forecast, by Nature 
12.1.6.3. Market Revenue and Volume Forecast, by Size 
12.1.6.4. Market Revenue and Volume Forecast, by Application 
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.2.2. Market Revenue and Volume Forecast, by Nature 
12.2.3. Market Revenue and Volume Forecast, by Size 
12.2.4. Market Revenue and Volume Forecast, by Application 
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.2.5.2. Market Revenue and Volume Forecast, by Nature 
12.2.5.3. Market Revenue and Volume Forecast, by Size 
12.2.5.4. Market Revenue and Volume Forecast, by Application 
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.2.6.2. Market Revenue and Volume Forecast, by Nature 
12.2.6.3. Market Revenue and Volume Forecast, by Size 
12.2.6.4. Market Revenue and Volume Forecast, by Application 
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.2.7.2. Market Revenue and Volume Forecast, by Nature 
12.2.7.3. Market Revenue and Volume Forecast, by Size 
12.2.7.4. Market Revenue and Volume Forecast, by Application 
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.2.8.2. Market Revenue and Volume Forecast, by Nature 
12.2.8.3. Market Revenue and Volume Forecast, by Size 
12.2.8.4. Market Revenue and Volume Forecast, by Application 
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.3.2. Market Revenue and Volume Forecast, by Nature 
12.3.3. Market Revenue and Volume Forecast, by Size 
12.3.4. Market Revenue and Volume Forecast, by Application 
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.3.5.2. Market Revenue and Volume Forecast, by Nature 
12.3.5.3. Market Revenue and Volume Forecast, by Size 
12.3.5.4. Market Revenue and Volume Forecast, by Application 
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.3.6.2. Market Revenue and Volume Forecast, by Nature 
12.3.6.3. Market Revenue and Volume Forecast, by Size 
12.3.6.4. Market Revenue and Volume Forecast, by Application 
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.3.7.2. Market Revenue and Volume Forecast, by Nature 
12.3.7.3. Market Revenue and Volume Forecast, by Size 
12.3.7.4. Market Revenue and Volume Forecast, by Application 
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.3.8.2. Market Revenue and Volume Forecast, by Nature 
12.3.8.3. Market Revenue and Volume Forecast, by Size 
12.3.8.4. Market Revenue and Volume Forecast, by Application 
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.4.2. Market Revenue and Volume Forecast, by Nature 
12.4.3. Market Revenue and Volume Forecast, by Size 
12.4.4. Market Revenue and Volume Forecast, by Application 
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.4.5.2. Market Revenue and Volume Forecast, by Nature 
12.4.5.3. Market Revenue and Volume Forecast, by Size 
12.4.5.4. Market Revenue and Volume Forecast, by Application 
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.4.6.2. Market Revenue and Volume Forecast, by Nature 
12.4.6.3. Market Revenue and Volume Forecast, by Size 
12.4.6.4. Market Revenue and Volume Forecast, by Application 
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.4.7.2. Market Revenue and Volume Forecast, by Nature 
12.4.7.3. Market Revenue and Volume Forecast, by Size 
12.4.7.4. Market Revenue and Volume Forecast, by Application 
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.4.8.2. Market Revenue and Volume Forecast, by Nature 
12.4.8.3. Market Revenue and Volume Forecast, by Size 
12.4.8.4. Market Revenue and Volume Forecast, by Application 
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.5.2. Market Revenue and Volume Forecast, by Nature 
12.5.3. Market Revenue and Volume Forecast, by Size 
12.5.4. Market Revenue and Volume Forecast, by Application 
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.5.5.2. Market Revenue and Volume Forecast, by Nature 
12.5.5.3. Market Revenue and Volume Forecast, by Size 
12.5.5.4. Market Revenue and Volume Forecast, by Application 
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Manufacturing Method 
12.5.6.2. Market Revenue and Volume Forecast, by Nature 
12.5.6.3. Market Revenue and Volume Forecast, by Size 
12.5.6.4. Market Revenue and Volume Forecast, by Application

Chapter 13. Company Profiles

13.1. Mittal Diamonds
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. De Beers Group
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Henan Huanghe Whirlwind CO., Ltd.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Diamond Foundry
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Swarovski AG
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. ABD Diamonds
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. WD Advanced Materials
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. LLC
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. New Diamond Technology LLC
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Diam Concept
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions

Chapter 15. Appendix

15.1. About Us
15.2. Glossary of Terms

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Frequently Asked Questions

The global lab-grown diamonds market size is expected to grow from USD 26.05 billion in 2024 to USD 97.85 billion by 2034.

The lab-grown diamonds market is anticipated to grow at a CAGR of 14.15% between 2025 and 2034.

The major players operating in the lab-grown diamonds market are Mittal Diamonds, De Beers Group, Henan Huanghe Whirlwind CO., Ltd., Diamond Foundry, Swarovski AG, ABD Diamonds, WD Advanced Materials, LLC, New Diamond Technology LLC, Diam Concept, Bhandari Lab Grown Diamonds, and Others.

The driving factors of the lab-grown diamonds market are the market expands because various industries utilize laboratory-diamond products for cutting tools, machinery elements, semiconductor devices, and abrasives because of their special features.

Asia Pacific region will lead the global lab-grown diamonds market during the forecast period 2025 to 2034.

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