Global CVD Lab-grown Diamond Market by Type (Polished, Rough), Color (Colored, Colorless), Size, Application - Forecast 2024-2030

The CVD Lab-grown Diamond Market size was estimated at USD 13.48 billion in 2023, USD 14.92 billion in 2024, and is expected to grow at a CAGR of 12.17% to reach USD 30.14 billion by 2030.

Chemical Vapour Deposition (CVD) is the commonly used name for diamonds grown in a laboratory using a process of chemical vapor deposition. This differs from another process commonly used to create lab-grown diamonds, such as High-Pressure High Temperature (HPHT). CVD diamonds are human-made and look identical to natural diamonds. Lab diamonds are becoming an increasingly popular choice amongst the young population for jewelry. In recent years, CVD has been commonly used in producing diamonds attributed to its benefits, such as ethical origins, sustainability, and cost-effective prices. However, CVD diamonds typically come in lower quality than HPHT diamonds, and environmental concerns related to the lab-grown diamond create hurdles for market growth. The advanced technologies for developing CVD lab-grown diamonds and increasing awareness, as well as the consumer's interest in these diamonds, are expected to drive the growth of the CVD lab-grown diamond in the future.

Regional Insights

Asia-Pacific is one of the largest producers of lab-grown diamonds in the world, owing to the high manufacturing activities by numerous end-user industries in the country. China is the top country in lab-grown diamond production and export, while India is set to become a major hub of lab-grown diamonds globally. The lab-grown diamond market in the Americas is growing rapidly, driven by several factors, including the increasing awareness and acceptance of lab-grown diamonds as a sustainable and ethical alternative to mined diamonds, technological advancements, and the rising demand for affordable luxury goods. In EMEA, the lab-grown diamond market is also experiencing significant growth, with countries such as the United Kingdom, Germany, France, and the UAE leading the way to develop new manufacturing plants to create CVD lab-grown diamonds.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the CVD Lab-grown Diamond Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the CVD Lab-grown Diamond Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the CVD Lab-grown Diamond Market, highlighting leading vendors and their innovative profiles. These include 12FIFTEEN Diamonds, ABD Diamonds Pvt. Ltd., Adamas One Corp., Applied Diamond Inc., Bhanderi Lab Grown Diamonds, Classic Grown Diamonds, Clean Origin Group, CVD Diamond Inc., D.NEA Diamonds, De Beers PLC, Delaware Diamond Knives, Inc., Diamond Foundry Inc., Diyam Impex, Eco Grown Diamond, EDP Corporation, EXCELLENT CORPORATION, Finegrown Diamonds, Goldiam International Limited, Grown Diamond Corporation, Hebei Plasma Diamond Technology Co., Ltd., Henan Huanghe Whirlwind Co.,Ltd., Henan Hydray International Trading Co.,Ltd., Heyaru Group, IIa Technologies Pte. Ltd., Kentucky Advanced Materials Manufacturing Company, Limelight Lab Grown Diamonds Ltd., Luoyang Qiming Superhard Material Co.Ltd., New Diamond Technology LLC, Nova Diamonds, Rahi Impex, Ritani, Rohin Grown Diamond, Roughdiamonds.dk, Shanghai Zhengshi Technology Co., Ltd., sp3 Diamond Technologies, Sumitomo Electric Industries, Ltd., Swarovski Crystal Online AG, Tomei Diamond Corporation, UniDiamond Superabrasives, Vibranium Lab Grown Diamonds, WD Lab Grown Diamonds, Wuzhou Messi Gems Co., and Yadav Diamonds and Jewelry.

Market Segmentation & Coverage

This research report categorizes the CVD Lab-grown Diamond Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
  • Polished
  • Rough
• Color
  • Colored
  • Colorless
• Size
  • 2-4 Carat
  • Above 4 Carat
  • Below 2 Carat
• Application
  • Fashion
  • Industrial
    • Electronics
    • Machine & Cutting Tools

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the CVD Lab-grown Diamond Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the CVD Lab-grown Diamond Market?
3. What are the technology trends and regulatory frameworks in the CVD Lab-grown Diamond Market?
4. What is the market share of the leading vendors in the CVD Lab-grown Diamond Market?
5. Which modes and strategic moves are suitable for entering the CVD Lab-grown Diamond Market?

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