Industry Overview:

The Global Lab-Grown Diamonds market is estimated to reach USD 26.90 billion in 2025, reflecting a Y-O-Y growth of 8.8%. The lab-grown diamond market is escalating due to novelty in production technologies like Chemical Vapour Deposition and High-Pressure High-Temperature, which give superior-quality, customizable, and cost-effective diamonds. The increasing requirement from millennials for lab-grown diamonds, as Forbes, a media company, reported that in 2025, above 70% of millennial buyers favour lab-grown diamonds, is fostering demand for ethically sourced, cost-effective alternatives to mined diamonds. Innovations such as enhanced colour and transparency, shapes, and faster production methods are leading to lab-grown diamonds market growth. They are widely used in jewellery and industrial tools, including cutting, grinding, and high-tech applications as lasers. 

Industry Insights: Scale, Segments, and Shifts

Market Size & Growth: The Global Lab-Grown Diamonds Market is projected to reach USD 61.7 billion by 2035, registering a CAGR of 8.7% between 2025 and 2035.

Segment Analysis: In product type, polished diamonds make up about 74% of the market share owing to superior quality and rising demand in the jewellery industries while rough diamonds segment is rapidly growing due to the increasing demand from the industries for the cutting and in wide usage in laser system.

Regional Highlights: With increasing awareness from consumers and expansion of the e-commerce systems, the North America holds nearly 66% of the overall market share in 2024. Asia Pacific is the fastest growing region due to rapid industrialisation.

Competitive Landscape: The market is moderately consolidated with competitors like Altr India, Bhanderi, Craft Diamonds, De Beers Group, Diam Concept, Goldiam International, and Greenla. The industry players are concerned on the partnerships and advancement in chemical vapour deposition and high-pressure high-temperature.

Factors Shaping the Next Decade

Market Gaps / Restraints: The market growth is suppressed by the high production cost, limited availability in the rural areas and geopolitical tensions. A 50% tariff on lab-grown and Indian diamond exports sharply raises costs for US buyers, which lowers export demand and restricts the market.

Key Trends and Innovations: The lab-grown diamond market is shifting as consumer preferences shift towards sustainable, non-violent, customised designs and affordable options favoured by Millennials and Gen Z. Advancement such as CVD and HPHT methods enable precise control over diamonds' colour, clarity, and size. The lab-grown diamonds are utilised in high-tech sectors like quantum computing and precision cutting tools, indicating their versatility beyond the jewellery market.

Potential Opportunities: As consumer looking for specific luxury goods, premium and colored diamonds are predicted to flourish. The lab-grown diamonds will be used in high-power laser systems, medical equipment, and sophisticated electronics, creating new revenue streams. 

Recent Industry Updates: 

• November 2025: H Samuel, a retailer in the Signet Jewellers group, has launched a new collection of laboratory-grown diamond jewellery named Harriet.

• October 2025: Charles & Colvard, Ltd. is expanding its lab-grown diamond offerings for consumers and wholesalers, supported by Ethara Capital (strategic investor), which has expertise in Chemical Vapor Deposition LGD manufacturing.

• September 2025: VRAI, a brand from Diamond Foundry, has introduced the first Bitcoin-backed laboratory-grown diamonds, merging the fields of jewellery and digital assets.

Industry Outlook Scope: 

By Product Type

• Polished Diamonds

• Rough Diamonds

By Manufacturing Method

• Chemical Vapor Deposition (CVD)

• High Pressure High Temperature

By Size

• Below 2 Carats

• 2 to 4 Carats

• Above 4 Carats

By Nature

• Colorless

• Colored

By Application

• Jewellery & Fashion Wearable

• Medical Equipment

• Research & Development

• Industrial Applications

        o Electronics and Semiconductors

        o Construction and Minin

        o Others

Geographical Insights: Emerging Corridors of Growth

Regional Overview: In Asia-Pacific, market thrives on consumer demand for transparency and ethical sourcing. Europe prioritizes environmental sustainability which promotes these diamonds mainly in luxury jewellery, while exploring industrial uses. The Middle East & Africa highlights aesthetics and ethics in luxury through awareness campaigns. Latin America shows growing interest fueled by sustainable product trends.

Countries to Watch: The United States is leading due to rising need for lab-grown diamonds as sustainable luxury items, supported by online retail. Canada is improving synthesis technologies, while Germany specializes in precision-cutting. The UK is growing significantly which is fueled by ethically sourced jewellery, with China as a key production hub and India providing affordable options. Brazil targets millennials through luxury retailers, and Mexico develops niche markets. The UAE focuses on affluent customers with exclusive collections, and South Africa investigates lab-grown production to bolster its natural diamond industry.

Regulatory Environment and Policy Support 

Key Government Initiatives: The upsurge in the government funding for the laboratory grown diamonds as Government of India granted ₹242 crore fund to IIT Madras aimed to improve lab-grown diamond research, focusing on HPHT and CVD technologies. This initiative aims to develop local reactors and materials, reduce import dependence, lower production costs, and increase the output of both gem-grade and industrial-grade diamonds, escalating the manufacturing of the lab-grown diamond and industrial growth. 

Competitive Landscape and Strategic Outlook

The lab-grown diamond industry is moderately consolidated, concerning improvements in CVD and HPHT technologies, quality, and production capacity. The increasing investment from manufacturers in advanced reactors and AI-based grading, forming partnerships, and expanding exports to enhance integrated value chains resulting the market growth. These initiatives aim to boost efficiency, lower costs, and encourage growth in jewellery and high-tech applications.

Industry Competition: 

• Altr India

• Bhanderi

• Craft Diamonds

• De Beers Group

• Goldiam International

• Greenlab

• Henan Huanghe Whirlwind CO., Ltd.

• Mittal Diamonds

• New Diamond Technology LLC

• Senco Gold & Diamonds

• Sonani Jewels

• Swarovski AG

• Trent (Tata Group)

• WD Advanced Materials, LLC

Analyst Perspective

Lab-grown diamonds Industry is transitioning from limited production to an advanced HPHT owing to innovations like high-efficiency CVD reactors and AI grading. The manufacturers are focusing on the advancements that produce larger, purer diamonds for various applications, including electronics, while reducing costs. With increasing reliability and growing demand in both jewellery and industrial sectors, the lab-grown diamond market is anticipated to accelerate its growth in the future. 

What to Expect from Outlook:

1. Save time carrying out entry-level research by identifying the size, growth trends, major segments, and leading companies in the Global Lab-Grown Diamonds Market.

2. Use PORTER’s Five Forces analysis to assess the competitive intensity and overall attractiveness of the Global Lab-Grown Diamonds Market.

3. Profiles of leading companies provide insights into key players’ regional operations, strategies, financial results, and recent initiatives.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Lab-Grown Diamonds Market with a forecast for the decade by both market share (%) & revenue (USD Million).