The CVD lab-grown diamonds market size has grown strongly in recent years. It will grow from $12.75 billion in 2024 to $13.96 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to ethical and sustainable consumer choices, cost-effective alternatives, advancements in manufacturing processes, shift in consumer perception, and jewelry industry adoption.
The CVD lab-grown diamonds market size is expected to see strong growth in the next few years. It will grow to $20.29 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainability concerns, marketing and branding strategies, innovations in design and customization, increasing acceptance by mainstream retailers, and regulatory support for sustainability. Major trends in the forecast period include educational initiatives on diamond origins, affordability and price competitiveness, growing investment interest in lab-grown diamonds, technological innovations in diamond color enhancement, collaborations, and partnerships across the industry.
The rising demand for electronics and semiconductors is anticipated to boost the growth of the CVD lab-grown diamond market in the future. The field of electronics focuses on the movement and control of electrons (electricity) and examines the behavior and effects of these particles in semiconductors, gases, and vacuums. A semiconductor is a material with specific electrical properties that make it suitable as a foundation for computers and other electronic devices. Single-crystal CVD diamonds are regarded as the ideal semiconductor for high-power electronics due to their exceptional characteristics, such as a wide bandgap and the highest electron and hole mobilities at room temperature. Consequently, the CVD lab market will cater to the demand for semiconductors and electronics. For example, in February 2022, The Semiconductor Industry Association (SIA), a US-based trade organization, reported that semiconductor sales reached $574.1 billion in 2022, reflecting a 3.3% increase from $555.9 billion in 2021. Therefore, the increasing demand for electronics and semiconductors is driving the growth of the CVD lab-grown diamond market.
The adoption of lab-grown diamonds is on the rise, contributing to the growth of the CVD lab-grown diamond market. Lab-grown diamonds, also known as synthetic or cultured diamonds, are produced through a process replicating the conditions under which natural diamonds form in the Earth's mantle. The CVD method is widely employed in the diamond industry for creating high-quality diamonds with various sizes and characteristics. In the fiscal year 2021-2022, the Gem & Jewelry Export Promotion Council reported a significant increase in the export of lab-grown diamonds, reaching $1.31 billion, compared to $421.09 million in 2019-2020. The growing adoption of lab-grown diamonds is a prominent factor fueling the expansion of the CVD lab-grown diamond market.
Major players in the CVD Lab-Grown diamond market are directing their efforts toward developing innovative products, including colored lab-grown diamonds. Colored lab-grown diamonds are created through laboratory processes and exhibit a range of colors due to trace elements, radiation, or other factors during formation. An illustration of this trend is seen in the activities of Cullen Jewellery, an Australia-based lab-grown diamond manufacturing company. In August 2023, the company introduced its 'Love in Colour' collection, featuring colored lab-grown diamonds with shades reminiscent of a vivid sunset, including pink, yellow, and blue. The company's innovative digital platform enhances the client experience with 3D visuals magnified at 100 times, showcasing the essence of each gemstone. This focus on developing innovative and colored lab-grown diamonds exemplifies the commitment of major companies to drive advancements in the CVD Lab-Grown diamond market.
In November 2022, Diamond Foundry, a US-based diamond-producing company, completed the acquisition of Augsburg Diamond Technology for an undisclosed sum. This strategic move has positioned Diamond Foundry as the leading producer of synthetic wafer-sized monocrystalline diamonds globally, surpassing Audiatec in technological capabilities. Augsburg Diamond Technology, also known as Audiatec, is a Germany-based specialist in chemical vapor deposition (CVD), specializing in the production of diamond wafers and single-crystal synthetic diamonds.
Major companies operating in the CVD lab-grown diamonds market include Sumitomo Electric Industries Ltd., EDP Corporation, De Beers Group, Signet Jewelers, Swarovski Crystal, Blue Nile, Brilliant Earth, Element Six, Ritani, Diamond Foundry Inc., Charles & Colvard, Clean Origin, New Diamond Technology, Tacori Inc., VRAI, Taylor and Hart, James Allen, GemsNY, Delaware Diamond Knives Inc., Ada Diamonds, Adamas One Corp, Beijing Worldia Diamond Tools Co Ltd., Tomei Diamond Corporation, WD Lab Grown Diamonds, ABD Diamonds Pvt Ltd., Bhanderi Lab-grown Diamonds LLP, Hebei Plasma Diamond Technology Co Ltd., SP3 Technologies LLP, Heyaru Engineering Private Limited, SLTL Group.
North America was the largest region in the CVD lab-grown diamonds market in 2024. The regions covered in the cvd lab-grown diamonds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cvd lab-grown diamonds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The CVD lab-grown diamond market consists of sales of wedding rings diamond, engagement rings diamond, scaling devices, and sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
CVD lab-grown diamonds, created through the chemical vapor deposition (CVD) method, are synthetic diamonds produced by infusing a diamond seed crystal with natural gas, such as methane, within a vacuum chamber. This process breaks down the gas into carbon atoms, allowing them to accumulate on the crystal and eventually form a diamond. CVD lab-grown diamonds find essential use in applications requiring extreme hardness and high thermal conductivity, especially in cutting-edge technology.
CVD lab-grown diamonds come in two primary typess such as polished and rough. Polished diamonds undergo refinement to achieve a shiny appearance. They are available in various colors, including colorless and other hues, with sizes ranging from 2-4 carats, above 4 carats, and below 2 carats. These diamonds are utilized across diverse industries such as machinery and cutting tools, heat management systems, optical and laser technologies, electronics, medical instruments, gemstone manufacturing, and more.
The CVD lab-grown diamonds market research report is one of a series of new reports that provides CVD lab-grown diamonds market statistics, including CVD lab-grown diamonds industry global market size, regional shares, competitors with a CVD lab-grown diamonds market share, detailed CVD lab-grown diamonds market segments, market trends and opportunities, and any further data you may need to thrive in the CVD lab-grown diamonds industry. This CVD lab-grown diamonds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The CVD lab-grown diamonds market size is expected to see strong growth in the next few years. It will grow to $20.29 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainability concerns, marketing and branding strategies, innovations in design and customization, increasing acceptance by mainstream retailers, and regulatory support for sustainability. Major trends in the forecast period include educational initiatives on diamond origins, affordability and price competitiveness, growing investment interest in lab-grown diamonds, technological innovations in diamond color enhancement, collaborations, and partnerships across the industry.
The rising demand for electronics and semiconductors is anticipated to boost the growth of the CVD lab-grown diamond market in the future. The field of electronics focuses on the movement and control of electrons (electricity) and examines the behavior and effects of these particles in semiconductors, gases, and vacuums. A semiconductor is a material with specific electrical properties that make it suitable as a foundation for computers and other electronic devices. Single-crystal CVD diamonds are regarded as the ideal semiconductor for high-power electronics due to their exceptional characteristics, such as a wide bandgap and the highest electron and hole mobilities at room temperature. Consequently, the CVD lab market will cater to the demand for semiconductors and electronics. For example, in February 2022, The Semiconductor Industry Association (SIA), a US-based trade organization, reported that semiconductor sales reached $574.1 billion in 2022, reflecting a 3.3% increase from $555.9 billion in 2021. Therefore, the increasing demand for electronics and semiconductors is driving the growth of the CVD lab-grown diamond market.
The adoption of lab-grown diamonds is on the rise, contributing to the growth of the CVD lab-grown diamond market. Lab-grown diamonds, also known as synthetic or cultured diamonds, are produced through a process replicating the conditions under which natural diamonds form in the Earth's mantle. The CVD method is widely employed in the diamond industry for creating high-quality diamonds with various sizes and characteristics. In the fiscal year 2021-2022, the Gem & Jewelry Export Promotion Council reported a significant increase in the export of lab-grown diamonds, reaching $1.31 billion, compared to $421.09 million in 2019-2020. The growing adoption of lab-grown diamonds is a prominent factor fueling the expansion of the CVD lab-grown diamond market.
Major players in the CVD Lab-Grown diamond market are directing their efforts toward developing innovative products, including colored lab-grown diamonds. Colored lab-grown diamonds are created through laboratory processes and exhibit a range of colors due to trace elements, radiation, or other factors during formation. An illustration of this trend is seen in the activities of Cullen Jewellery, an Australia-based lab-grown diamond manufacturing company. In August 2023, the company introduced its 'Love in Colour' collection, featuring colored lab-grown diamonds with shades reminiscent of a vivid sunset, including pink, yellow, and blue. The company's innovative digital platform enhances the client experience with 3D visuals magnified at 100 times, showcasing the essence of each gemstone. This focus on developing innovative and colored lab-grown diamonds exemplifies the commitment of major companies to drive advancements in the CVD Lab-Grown diamond market.
In November 2022, Diamond Foundry, a US-based diamond-producing company, completed the acquisition of Augsburg Diamond Technology for an undisclosed sum. This strategic move has positioned Diamond Foundry as the leading producer of synthetic wafer-sized monocrystalline diamonds globally, surpassing Audiatec in technological capabilities. Augsburg Diamond Technology, also known as Audiatec, is a Germany-based specialist in chemical vapor deposition (CVD), specializing in the production of diamond wafers and single-crystal synthetic diamonds.
Major companies operating in the CVD lab-grown diamonds market include Sumitomo Electric Industries Ltd., EDP Corporation, De Beers Group, Signet Jewelers, Swarovski Crystal, Blue Nile, Brilliant Earth, Element Six, Ritani, Diamond Foundry Inc., Charles & Colvard, Clean Origin, New Diamond Technology, Tacori Inc., VRAI, Taylor and Hart, James Allen, GemsNY, Delaware Diamond Knives Inc., Ada Diamonds, Adamas One Corp, Beijing Worldia Diamond Tools Co Ltd., Tomei Diamond Corporation, WD Lab Grown Diamonds, ABD Diamonds Pvt Ltd., Bhanderi Lab-grown Diamonds LLP, Hebei Plasma Diamond Technology Co Ltd., SP3 Technologies LLP, Heyaru Engineering Private Limited, SLTL Group.
North America was the largest region in the CVD lab-grown diamonds market in 2024. The regions covered in the cvd lab-grown diamonds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cvd lab-grown diamonds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The CVD lab-grown diamond market consists of sales of wedding rings diamond, engagement rings diamond, scaling devices, and sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
CVD lab-grown diamonds, created through the chemical vapor deposition (CVD) method, are synthetic diamonds produced by infusing a diamond seed crystal with natural gas, such as methane, within a vacuum chamber. This process breaks down the gas into carbon atoms, allowing them to accumulate on the crystal and eventually form a diamond. CVD lab-grown diamonds find essential use in applications requiring extreme hardness and high thermal conductivity, especially in cutting-edge technology.
CVD lab-grown diamonds come in two primary typess such as polished and rough. Polished diamonds undergo refinement to achieve a shiny appearance. They are available in various colors, including colorless and other hues, with sizes ranging from 2-4 carats, above 4 carats, and below 2 carats. These diamonds are utilized across diverse industries such as machinery and cutting tools, heat management systems, optical and laser technologies, electronics, medical instruments, gemstone manufacturing, and more.
The CVD lab-grown diamonds market research report is one of a series of new reports that provides CVD lab-grown diamonds market statistics, including CVD lab-grown diamonds industry global market size, regional shares, competitors with a CVD lab-grown diamonds market share, detailed CVD lab-grown diamonds market segments, market trends and opportunities, and any further data you may need to thrive in the CVD lab-grown diamonds industry. This CVD lab-grown diamonds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. CVD Lab-Grown Diamonds Market Characteristics3. CVD Lab-Grown Diamonds Market Trends and Strategies4. CVD Lab-Grown Diamonds Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global CVD Lab-Grown Diamonds Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the CVD Lab-Grown Diamonds Market34. Recent Developments in the CVD Lab-Grown Diamonds Market
5. Global CVD Lab-Grown Diamonds Growth Analysis and Strategic Analysis Framework
6. CVD Lab-Grown Diamonds Market Segmentation
7. CVD Lab-Grown Diamonds Market Regional and Country Analysis
8. Asia-Pacific CVD Lab-Grown Diamonds Market
9. China CVD Lab-Grown Diamonds Market
10. India CVD Lab-Grown Diamonds Market
11. Japan CVD Lab-Grown Diamonds Market
12. Australia CVD Lab-Grown Diamonds Market
13. Indonesia CVD Lab-Grown Diamonds Market
14. South Korea CVD Lab-Grown Diamonds Market
15. Western Europe CVD Lab-Grown Diamonds Market
16. UK CVD Lab-Grown Diamonds Market
17. Germany CVD Lab-Grown Diamonds Market
18. France CVD Lab-Grown Diamonds Market
19. Italy CVD Lab-Grown Diamonds Market
20. Spain CVD Lab-Grown Diamonds Market
21. Eastern Europe CVD Lab-Grown Diamonds Market
22. Russia CVD Lab-Grown Diamonds Market
23. North America CVD Lab-Grown Diamonds Market
24. USA CVD Lab-Grown Diamonds Market
25. Canada CVD Lab-Grown Diamonds Market
26. South America CVD Lab-Grown Diamonds Market
27. Brazil CVD Lab-Grown Diamonds Market
28. Middle East CVD Lab-Grown Diamonds Market
29. Africa CVD Lab-Grown Diamonds Market
30. CVD Lab-Grown Diamonds Market Competitive Landscape and Company Profiles
31. CVD Lab-Grown Diamonds Market Other Major and Innovative Companies
35. CVD Lab-Grown Diamonds Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
CVD Lab-Grown Diamonds Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cvd lab-grown diamonds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for cvd lab-grown diamonds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cvd lab-grown diamonds market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Polished; Rough2) By Color: Colorless; Colored
3) By Size: 2-4 Carat; Above 4 Carat; Below 2 Carat
4) By Application: Machine and Cutting Tools; Heat Sinks and Exchangers; Optical, Laser and X-Ray; Electronics; Healthcare Instruments; Gemstones; Other Applications
Subsegments:
1) By Polished: Round Cut Diamonds; Princess Cut Diamonds; Emerald Cut Diamonds; Cushion Cut Diamonds; Other Fancy Cuts2) By Rough: Industrial-Grade Rough Diamonds; Gem-Grade Rough Diamonds
Key Companies Mentioned: Sumitomo Electric Industries Ltd.; EDP Corporation; De Beers Group; Signet Jewelers; Swarovski Crystal
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Sumitomo Electric Industries Ltd.
- EDP Corporation
- De Beers Group
- Signet Jewelers
- Swarovski Crystal
- Blue Nile
- Brilliant Earth
- Element Six
- Ritani
- Diamond Foundry Inc.
- Charles & Colvard
- Clean Origin
- New Diamond Technology
- Tacori Inc.
- VRAI
- Taylor and Hart
- James Allen
- GemsNY
- Delaware Diamond Knives Inc.
- Ada Diamonds
- Adamas One Corp
- Beijing Worldia Diamond Tools Co Ltd.
- Tomei Diamond Corporation
- WD Lab Grown Diamonds
- ABD Diamonds Pvt Ltd.
- Bhanderi Lab-grown Diamonds LLP
- Hebei Plasma Diamond Technology Co Ltd.
- SP3 Technologies LLP
- Heyaru Engineering Private Limited
- SLTL Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 13.96 Billion |
| Forecasted Market Value ( USD | $ 20.29 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
