Lab Grown Diamonds Market By Manufacturing Method (HPHT, CVD), By Size (Below 2 carat, 2-4 carat, Above 4 carat), By Nature (Colorless, Colored), By Application (Fashion, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The global lab grown diamonds market was valued at $24.0 billion in 2022, and is projected to reach $59.2 billion by 2032, growing at a CAGR of 9.6% from 2023 to 2032.Lab grown diamonds are made in laboratories and factories. They are identical to natural diamonds in their composition and appearance. Lab grown diamonds are manufactured using techniques such as HPHT, which stands for high pressure and high temperature and CVD, which stands for chemical vapor deposition. Diamonds made in labs are generally of better quality than natural diamonds as they are made in controlled environments with constant monitoring and quality control.

The use of lab grown diamonds in creation of jewelry has increased significantly. Many companies are including lab grown diamonds jewelry as a cost-effective alternative to naturally mined diamond jewelry. Lab grown diamonds are available in various shapes and sizes, which provide multiple avenues to use them effectively. Many companies such as Pandora, which is a well renowned jewelry company across the globe, have completely transitioned over to lab grown diamonds from natural diamonds. Several jewelry companies and designers are collaborating with lab grown diamonds manufacturers, especially in Europe, to create pieces of jewelry that are unique, stylish, and exclusive. These pieces of jewelry are being displayed at fashion weeks and are being endorsed by celebrities, which leads to an increased demand for fashionable diamond jewelry, especially among the millennial population. Greater adoption of lab grown diamonds by the jewelry and fashion jewelry industry propels the growth of the lab grown diamonds market.

Diamonds are heavily used in the industrial sector and mechanical engineering operations in tools such as saws, drills, polishers, and cutters. Diamond tipped drill bits and diamond coated saw blades make cutting and drilling operations faster and easier. Different grits of powdered diamonds are also used as industrial abrasives. Lab grown diamonds with added boron have semiconductor like properties that can exceed traditionally used silicone and replace silicone as a major component in electronic operations. Some polished diamonds are used for different optic applications such as particle accelerators, laser systems, and other similar high-powered equipment. Research is being conducted to check usability of diamonds in the medical field in the form of components in prosthetics and high precision surgical equipment. It has now been used by dermatologists for skin exfoliation in some types of chemotherapy to aid with the absorption of medicines into patient's body.

Lab grown diamonds are much more cost-effective than naturally mined diamonds. This has led to a significant increase in sales of lab-grown diamonds. Naturally mined diamonds are extremely rare and are very hard to find. The cost associated with mining these diamonds is also extremely high. Lab-grown diamonds, on the other hand, are much more common as they can be made in six to eight weeks. Cost associated with manufacturing of these diamonds is also much lower as compared to mining. The supply chain for lab grown diamonds is also much shorter, eliminating a lot of costs associated with shipping and handling. All these advantages associated with lab grown diamonds can make them 30-50% cheaper than natural diamonds. This significant reduction of cost of lab grown diamonds propels the demand for these diamonds.

Numerous lab grown diamond jewelry companies offer a variety of customization options to their customers to provide them with the best diamond jewelry that they desire. These customization options can help the market grow in the future. Many manufacturers of lab grown diamond jewelry give the option to their customers to choose all elements for their engagement rings. Customers can choose the size, shape, cut, weight, and color of the stone and the metal from which the rings will be made. This gives customers multiple permutation and combination options to design their own rings. These customization options are now being slowly extended to include other types of jewelry as well, which help attract more customers to buy synthetic diamond jewelry.

The lab grown diamonds market is segmented on the basis of manufacturing method, size, nature, application, and region. By manufacturing method, the global market is bifurcated into HPHT and CVD. By size, it is segmented into below 2 carats, 2-4 carats, and above 4 carats. By nature, it is bifurcated into colorless and colored. On the basis of application, it is studied across fashion and industrial. Region wise, the lab grown diamonds market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players profiled in the lab grown diamonds market analysis include WD Lab Grown Diamonds, Mittal Diamonds, ABD Diamonds, De Beers Group, Diam Concept, Diamond Foundry Inc., Henan Huanghe Whirlwind Co., Ltd, New Diamond Technology LLC, Element Six UK Ltd, Bhanderi Prime Lab Grown CVD Diamonds.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lab grown diamonds market analysis from 2022 to 2032 to identify the prevailing lab grown diamonds market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the lab grown diamonds market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global lab grown diamonds market trends, key players, market segments, application areas, and market growth strategies.

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Manufacturing Capacity
Consumer Buying Behavior Analysis
Investment Opportunities
Technology Trend Analysis
Average Consumer Expenditure
Go To Market Strategy
Pain Point Analysis
Regulatory Guidelines
Strategic Recommendations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Historic market data
Import Export Analysis/Data
SWOT Analysis

Key Market Segments

By Manufacturing Method

HPHT
CVD

By Nature

Colorless
Colored

By Size

Below 2 carat
2-4 carat
Above 4 carat

By Application

Fashion
Industrial

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Argentina
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA

Key Market Players:

Henan Huanghe Whirlwind CO., Ltd.
New Diamond Technology LLC
Diam Concept
De Beers Group
ABD Diamonds
Mittal Diamonds
Diamond Foundry
Swarovski AG
Bhanderi Lab Grown Diamonds
WD Advanced Materials, LLC

Product Code: A13694

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. High intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increase in use of lab grown diamonds in fashion jewelry
  - 3.4.1.2. Growth in number of industrial applications of diamonds
  - 3.4.1.3. Availability of lab grown diamonds as a cost-effective alternative
  - 3.4.1.4. Sustainable methods for lab grown diamonds production make them more attractive for customers
- 3.4.2. Restraints
  - 3.4.2.1. Misinformation regarding lab grown diamonds
- 3.4.3. Opportunities
  - 3.4.3.1. Increase in customization of stones and jewelry
  - 3.4.3.2. Improvements in diamond production technologies

CHAPTER 4: LAB GROWN DIAMONDS MARKET, BY MANUFACTURING METHOD

4.1. Overview
- 4.1.1. Market size and forecast
4.2. HPHT
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. CVD
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: LAB GROWN DIAMONDS MARKET, BY SIZE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Below 2 carat
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. 2-4 carat
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Above 4 carat
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: LAB GROWN DIAMONDS MARKET, BY NATURE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Colorless
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Colored
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: LAB GROWN DIAMONDS MARKET, BY APPLICATION

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Fashion
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Industrial
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country

CHAPTER 8: LAB GROWN DIAMONDS MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Manufacturing Method
- 8.2.3. Market size and forecast, by Size
- 8.2.4. Market size and forecast, by Nature
- 8.2.5. Market size and forecast, by Application
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Market size and forecast, by Manufacturing Method
  - 8.2.6.1.2. Market size and forecast, by Size
  - 8.2.6.1.3. Market size and forecast, by Nature
  - 8.2.6.1.4. Market size and forecast, by Application
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Market size and forecast, by Manufacturing Method
  - 8.2.6.2.2. Market size and forecast, by Size
  - 8.2.6.2.3. Market size and forecast, by Nature
  - 8.2.6.2.4. Market size and forecast, by Application
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Market size and forecast, by Manufacturing Method
  - 8.2.6.3.2. Market size and forecast, by Size
  - 8.2.6.3.3. Market size and forecast, by Nature
  - 8.2.6.3.4. Market size and forecast, by Application
8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Manufacturing Method
- 8.3.3. Market size and forecast, by Size
- 8.3.4. Market size and forecast, by Nature
- 8.3.5. Market size and forecast, by Application
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. UK
  - 8.3.6.1.1. Market size and forecast, by Manufacturing Method
  - 8.3.6.1.2. Market size and forecast, by Size
  - 8.3.6.1.3. Market size and forecast, by Nature
  - 8.3.6.1.4. Market size and forecast, by Application
  - 8.3.6.2. Germany
  - 8.3.6.2.1. Market size and forecast, by Manufacturing Method
  - 8.3.6.2.2. Market size and forecast, by Size
  - 8.3.6.2.3. Market size and forecast, by Nature
  - 8.3.6.2.4. Market size and forecast, by Application
  - 8.3.6.3. France
  - 8.3.6.3.1. Market size and forecast, by Manufacturing Method
  - 8.3.6.3.2. Market size and forecast, by Size
  - 8.3.6.3.3. Market size and forecast, by Nature
  - 8.3.6.3.4. Market size and forecast, by Application
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Market size and forecast, by Manufacturing Method
  - 8.3.6.4.2. Market size and forecast, by Size
  - 8.3.6.4.3. Market size and forecast, by Nature
  - 8.3.6.4.4. Market size and forecast, by Application
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Market size and forecast, by Manufacturing Method
  - 8.3.6.5.2. Market size and forecast, by Size
  - 8.3.6.5.3. Market size and forecast, by Nature
  - 8.3.6.5.4. Market size and forecast, by Application
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Market size and forecast, by Manufacturing Method
  - 8.3.6.6.2. Market size and forecast, by Size
  - 8.3.6.6.3. Market size and forecast, by Nature
  - 8.3.6.6.4. Market size and forecast, by Application
8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Manufacturing Method
- 8.4.3. Market size and forecast, by Size
- 8.4.4. Market size and forecast, by Nature
- 8.4.5. Market size and forecast, by Application
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Market size and forecast, by Manufacturing Method
  - 8.4.6.1.2. Market size and forecast, by Size
  - 8.4.6.1.3. Market size and forecast, by Nature
  - 8.4.6.1.4. Market size and forecast, by Application
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Market size and forecast, by Manufacturing Method
  - 8.4.6.2.2. Market size and forecast, by Size
  - 8.4.6.2.3. Market size and forecast, by Nature
  - 8.4.6.2.4. Market size and forecast, by Application
  - 8.4.6.3. India
  - 8.4.6.3.1. Market size and forecast, by Manufacturing Method
  - 8.4.6.3.2. Market size and forecast, by Size
  - 8.4.6.3.3. Market size and forecast, by Nature
  - 8.4.6.3.4. Market size and forecast, by Application
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Market size and forecast, by Manufacturing Method
  - 8.4.6.4.2. Market size and forecast, by Size
  - 8.4.6.4.3. Market size and forecast, by Nature
  - 8.4.6.4.4. Market size and forecast, by Application
  - 8.4.6.5. South Korea
  - 8.4.6.5.1. Market size and forecast, by Manufacturing Method
  - 8.4.6.5.2. Market size and forecast, by Size
  - 8.4.6.5.3. Market size and forecast, by Nature
  - 8.4.6.5.4. Market size and forecast, by Application
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Market size and forecast, by Manufacturing Method
  - 8.4.6.6.2. Market size and forecast, by Size
  - 8.4.6.6.3. Market size and forecast, by Nature
  - 8.4.6.6.4. Market size and forecast, by Application
8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Manufacturing Method
- 8.5.3. Market size and forecast, by Size
- 8.5.4. Market size and forecast, by Nature
- 8.5.5. Market size and forecast, by Application
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Brazil
  - 8.5.6.1.1. Market size and forecast, by Manufacturing Method
  - 8.5.6.1.2. Market size and forecast, by Size
  - 8.5.6.1.3. Market size and forecast, by Nature
  - 8.5.6.1.4. Market size and forecast, by Application
  - 8.5.6.2. Argentina
  - 8.5.6.2.1. Market size and forecast, by Manufacturing Method
  - 8.5.6.2.2. Market size and forecast, by Size
  - 8.5.6.2.3. Market size and forecast, by Nature
  - 8.5.6.2.4. Market size and forecast, by Application
  - 8.5.6.3. Saudi Arabia
  - 8.5.6.3.1. Market size and forecast, by Manufacturing Method
  - 8.5.6.3.2. Market size and forecast, by Size
  - 8.5.6.3.3. Market size and forecast, by Nature
  - 8.5.6.3.4. Market size and forecast, by Application
  - 8.5.6.4. United Arab Emirates
  - 8.5.6.4.1. Market size and forecast, by Manufacturing Method
  - 8.5.6.4.2. Market size and forecast, by Size
  - 8.5.6.4.3. Market size and forecast, by Nature
  - 8.5.6.4.4. Market size and forecast, by Application
  - 8.5.6.5. South Africa
  - 8.5.6.5.1. Market size and forecast, by Manufacturing Method
  - 8.5.6.5.2. Market size and forecast, by Size
  - 8.5.6.5.3. Market size and forecast, by Nature
  - 8.5.6.5.4. Market size and forecast, by Application
  - 8.5.6.6. Rest of LAMEA
  - 8.5.6.6.1. Market size and forecast, by Manufacturing Method
  - 8.5.6.6.2. Market size and forecast, by Size
  - 8.5.6.6.3. Market size and forecast, by Nature
  - 8.5.6.6.4. Market size and forecast, by Application

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. WD Advanced Materials, LLC
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Key strategic moves and developments
10.2. Mittal Diamonds
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
10.3. ABD Diamonds
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
10.4. Diamond Foundry
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
10.5. Diam Concept
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
10.6. New Diamond Technology LLC
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
10.7. De Beers Group
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
10.8. Henan Huanghe Whirlwind CO., Ltd.
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
10.9. Bhanderi Lab Grown Diamonds
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
10.10. Swarovski AG
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments