CVD Lab-Grown Diamonds Market Report 2026

The cvd lab-grown diamonds market size has grown strongly in recent years. It will grow from $13.81 billion in 2025 to $15.12 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to adoption of chemical vapor deposition techniques, growth of industrial diamond applications, rising demand for synthetic gemstones, development of high-purity diamonds for cutting and optical tools, early use in thermal management and electronics.

The cvd lab-grown diamonds market size is expected to see strong growth in the next few years. It will grow to $22.03 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to expansion of jewelry-grade lab-grown diamond production, increasing industrial applications in electronics and laser systems, rising demand in healthcare and optical instruments, growth in colored and fancy-cut lab-grown diamonds, adoption in emerging applications like quantum computing and high-precision tools. Major trends in the forecast period include rising adoption of cvd technology in industrial applications, increasing use of lab-grown diamonds in electronics and heat management, growth in gem-grade lab-grown diamond production, expansion of polished diamonds for jewelry applications, increasing demand for high-purity diamonds in healthcare instruments.

Rising demand for electronics and semiconductors is expected to drive the growth of the CVD lab-grown diamond market in the coming years. Electronics refers to the area of study focused on the movement and control of electrons (electricity) and their behavior and effects in semiconductors, gases, and vacuums. A semiconductor is a material with specific electrical properties that make it suitable as the foundation for computers and other electronic devices. Due to the exceptional properties of CVD diamonds, such as their wide bandgap and the highest electron and hole mobilities at room temperature, single-crystal CVD diamonds are regarded as the ideal semiconductor for high-power electronics. Consequently, the CVD lab-grown diamond market will support the demand for semiconductors and electronics. For example, in February 2025, The Semiconductor Industry Association (SIA), a US-based trade association, reported that global semiconductor sales reached $627.6 billion in 2024, up 19.1% from $526.8 billion in 2023. Therefore, growing demand for electronics and semiconductors is 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 April 2025, Charles & Colvard, Limited, a US-based fine-jewelry manufacturing company, formed a partnership with Ethara Capital LLC to enhance its lab-grown diamond offerings and drive market growth. Through this collaboration, Charles & Colvard seeks to strengthen its vertical supply capabilities and scale operations by expanding its Caydia lab-grown diamond product portfolio and increasing presence across both consumer and wholesale channels, promoting product diversification and global market reach. Ethara Capital LLC is a UAE-based investment firm that offers access to large-scale CVD lab-grown diamond supply and associated manufacturing infrastructure.

Major companies operating in the cvd lab-grown diamonds market report are Sumitomo Electric Industries Ltd., EDP Corporation, Element Six, Diamond Foundry Inc., New Diamond Technology, 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, Adamas One Corp, Iljin Diamond Co Ltd, Pure Grown Diamonds, Greenlab Diamonds, Sonalika Diamonds, Finegrown Diamond, UniDiamond, IIa Technologies, Scio Diamond Technology Corporation, BetterThanDiamond.

North America was the largest region in the CVD lab-grown diamonds market in 2025. The regions covered in the cvd lab-grown diamonds market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cvd lab-grown diamonds market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

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