Future of Executive Summary Lab-Grown Diamond Market: Size and Share Dynamics

CAGR Value

The global Lab-Grown Diamond Market size was valued at USD 12.84 billion in 2025 and is expected to reach USD 22.23 billion by 2033, at a CAGR of 7.10% during the forecast period.

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Lab-Grown Diamond Market Environment

Segments

• By Product: The lab-grown diamond market can be segmented into rough and polished diamonds. Rough diamonds are the initial form in which lab-grown diamonds are produced, while polished diamonds refer to the final, refined version that is ready to be used in jewelry or other applications.
• By Application: Lab-grown diamonds find applications in various industries such as jewelry, healthcare, electronics, and others. Jewelries account for the significant share of the market due to the increasing acceptance of lab-grown diamonds as an alternative to natural diamonds.

Market Players

• De Beers Group
• ALTR Created Diamonds
• Element Six
• IIa Technologies
• ALTR Inc.
• New Diamond Technology LLC
• Scio Diamond Technology Corporation
• More companies are investing in research and development to enhance the quality and production efficiency of lab-grown diamonds to meet the growing demand in the market.

Lab-grown diamonds have been gaining significant traction in the market due to their ethical and sustainable nature, as well as their physical and optical properties that are comparable to natural diamonds. One of the key drivers of the lab-grown diamond market is the increasing consumer awareness regarding the environmental and social impact of traditional diamond mining. Consumers are becoming more conscientious about the origin of products they purchase, leading to a shift towards lab-grown diamonds that are produced in a controlled environment without the environmental degradation associated with traditional diamond mining. This growing consumer preference for sustainable and ethically sourced products is expected to drive the demand for lab-grown diamonds in the coming years.