Lab Grown Diamonds Market Size, Share Analysis, Growth Insights and Forecast 2025-2032
Global lab-grown diamonds market reached US$ 25.68 billion in 2024 and is expected to reach US$ 55.45 billion by 2032, growing with a CAGR of 10.10% during the forecast period 2025-2032.
The lab-grown diamond market has been experiencing significant growth, driven by advancements in technology, increasing consumer demand for ethical and sustainable alternatives and the rising awareness of the environmental impact of traditional diamond mining. These diamonds are created using methods like High Pressure, High Temperature (HPHT) and Chemical Vapor Deposition (CVD), offering a cost-effective, conflict-free option.