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.
Lab Grown Diamonds Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Lab Grown Diamonds Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Lab Grown Diamonds market by thorough analysis, and projections are made up to 2030.
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Lab Grown Diamonds Market Scope and Methodology:
The Lab Grown Diamonds market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Lab Grown Diamonds market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Lab Grown Diamonds market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Lab Grown Diamonds market were developed. The study provides a thorough value chain analysis that clarifies the Lab Grown Diamonds production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Lab Grown Diamonds market on a global and micro level.
Lab Grown Diamonds Market Segmentation:
by Nature
Colorless
Colored
by Manufacturing Method
High Pressure High Temperature (HPHT)
Chemical Vapor Deposition (CVD)
Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) comprise the market. The Chemical Vapor Deposition (CVD) segment is anticipated to expand at a high compound annual growth rate (CAGR) over the forecast period. This novel technique for creating lab-grown diamonds contributes to the production of high-quality diamonds with minimal imperfections. There is better control over the growth process with this manufacturing technology. The need for CVD techniques is anticipated to rise as a result of these causes.
by Size
2-4 carat
Below 2 carat
Above 4 carat
There are three segments of the lab-grown diamond market: 2-4 carat, below 2 carat, and above 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
There are two segments of the market: fashion and industrial. 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
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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
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
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Lab Grown Diamonds Market Regional Insights :
The size and trends in the Lab Grown Diamonds market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Lab Grown Diamonds Market are:
What is Lab Grown Diamonds?
What was the Lab Grown Diamonds market size in 2023?
Which are the factors expected to drive the Lab Grown Diamonds market growth?
Who are the leading companies and what are their portfolios in Lab Grown Diamonds Market?
What growth strategies are the players considering to increase their presence in Lab Grown Diamonds?
What are the upcoming industry applications and trends for the Lab Grown Diamonds Market?
What will be the CAGR at which the Lab Grown Diamonds market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Lab Grown Diamonds Market?
What are the different segments of the Lab Grown Diamonds Market?
What is the growth rate of the Lab Grown Diamonds Market?
What segments are covered in the Lab Grown Diamonds Market?
Who are the key players in the Lab Grown Diamonds market?
What are the key challenges and opportunities in the Lab Grown Diamonds market?
Which application holds the highest potential in the Lab Grown Diamonds market?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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