The lab grown diamonds global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lab Grown Diamonds Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lab grown diamonds market size has grown rapidly in recent years. It will grow from $23.3 billion in 2023 to $25.68 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to rise in demand for jewellery, adoption of lavish lifestyle, demand for cvd methods, demand for diamonds, disposable income.
The lab grown diamonds market size is expected to see strong growth in the next few years. It will grow to $35.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing laser technology, increase in adoption of fashion and jewelry, rising consumer adoption, demand for synthetic stones, economic growth. Major trends in the forecast period include advanced developments, product innovation, cvd technology, laser technology, increase in collabrations.
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Scope Of Lab Grown Diamonds Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lab Grown Diamonds Market Overview
Market Drivers –
A rise in demand for diamonds is expected to propel the lab-grown diamond market going forward. Diamonds are precious gemstones with carbon atoms arranged in a crystal lattice structure. Lab-grown diamonds offer several practical uses and advantages across various industries, such as jewelry manufacturing, electronics, and healthcare. For instance, in January 2021, according to Alrosa, a Russia-based diamond mining company, sales of raw and polished diamonds brought in a total of $4,169 million; rough diamond sales brought in $3,977 million; and polished diamond sales brought in $192 million. Therefore, the demand for diamonds is driving the lab-grown diamond market.
Market Trends –
Major companies operating in the lab-grown diamonds market are focused on developing innovative products, such as colored lab-grown diamonds, to strengthen their position in the market. Colored lab-grown diamonds are created through artificial processes in a laboratory setting and possess various colors due to certain trace elements, radiation, or other treatments during their formation. For instance, in August 2023, Cullen Jewellery, an Australian-based company specializing in fine jewelry, introduced its first-ever colored lab-grown diamonds collection, ‘Love in Colour,’ featuring pink, yellow, and blue shades. The latest collection beautifully enhances the brand’s current inventory of colored moissanite gemstones that have earned the Radiant Beauty certification, a symbol of excellence.
The lab grown diamonds market covered in this report is segmented –
1) By Type: Polished, Rough
2) By Nature: Colorless, Colored
3) By Manufacturing Process: High Pressure High Temperature (HPHT), Chemical Vapor Deposition (CVD)
4) By Application: Construction and Mining, Jewelry, Healthcare, Electronics, Others Applications
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Regional Insights –
Asia-Pacific was the largest region in the lab grown diamonds market in 2023. The regions covered in the lab grown diamonds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the lab grown diamonds market report are De Beers Group, Swarovski AG , Henan Huanghe Whirlwind Co. Ltd., Diamond Foundry Inc., Chatham Created Gems, New Diamond Technology (NDT), MiaDonna, IIa Technologies, Washington Diamonds Corporation, Clean Origin LLC., WD Labs, Apollo Diamond Inc., Ada Diamonds, ABD Diamonds Pvt. Ltd., ALTR Created Diamonds, Scio Diamond Technology Corporation, Diam Concept, Applied Diamond Inc., Mittal Diamonds, Pure Grown Diamonds, Renaissance Diamonds, M7D Corporation, Taidiam Technology, BDI – Brevard Diamonds Inc., AOTC Group, Fenix Diamonds, Tolkowsky Diamonds, EcoStar Diamond, Tairus Created Diamonds
Table of Contents
1. Executive Summary
2. Lab Grown Diamonds Market Report Structure
3. Lab Grown Diamonds Market Trends And Strategies
4. Lab Grown Diamonds Market – Macro Economic Scenario
5. Lab Grown Diamonds Market Size And Growth
…..
27. Lab Grown Diamonds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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