Lab Grown (Synthetic) Diamonds Market Segmentation by Product (Rough Polished); by Manufacturing Process {High Pressure High Temperature (HPHT), and Chemical Vapor Deposition (CVD)}; and by Application (Jewelry, Electronics, Optics, Construction, Satellite, Data Storage, Semi-Conductors, and Others)-Global Demand Analysis & Opportunity Outlook 2019-2028

  • Product Code:
    RP-ID-10352278
  • Published Date:
    24 Jan 2022
  • Region:
    Global
  • Pages:
    178
  • Category:
    Mining, Minerals & Metals
  • Publisher:
    Pub-ID-54

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Market Overview:

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Global Lab Grown (Synthetic) Diamonds Market Highlights Over 2019 - 2028

The global lab grown (synthetic) diamonds market is estimated to garner a revenue of USD 32743.34 Million in the year 2028 by growing at a CAGR of 8.74% over the forecast period, i.e., 2021-2028. Moreover, in the year 2019, the market registered a revenue of USD 19145.33 Million. The growth of the market can be attributed to growing use of lab diamonds in various end-use industries. Lab-grown diamonds are known to hold significance in many industries owing to their various electrical, chemical, thermal and optical properties. Moreover, owing to its rigidity, these diamonds are also used across in machineries for several cutting and polishing purposes. Additionally, these diamonds are also used in the electronics industry and are being deployed in high-power switches at power stations. Apart from this, the use of lab-grown diamonds as gemstones and the lower price of these stones as compared to natural diamonds are also anticipated to drive the market growth.

 

Lab Grown (Synthetic) Diamonds Market Reports Graph

 

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The growth of the market can also be attributed to the fact that lab-grown diamonds can be produced sustainably without hampering the environment. Unlike synthetic diamonds, which require mining, the lab-grown diamonds are manufactured inside a controlled environment in a laboratory, and hence the price of these diamonds are also very less. These diamonds also have a lower carbon footprint as compared to naturally mined diamonds. Besides this, the surge in trade on diamonds around the globe is also expected to boost the market growth in the coming years. According to the statistics by the International Trade Center (ITC), the value of imports of diamonds worldwide grew from USD 117264482 Thousand in the year 2015 to USD 130562696 Thousand in the year 2018.

 

Global Lab Grown (Synthetic) Diamonds Market Regional Synopsis

Regionally, the global lab grown (synthetic) diamonds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to drive the largest market revenue of USD 24603.35 Million by the end of 2028, up from a revenue of USD 14904.64 Million in the year 2019. The growth of the market in the region can primarily be attributed to the growing demand for gemstones and jewelry, especially in India, and for the presence of a strong electronic manufacturing hub in China. Besides this, China was also known to be the leading producer of synthetic industrial diamond around the globe. According to the statistics by the United States Geological Survey (USGS), the annual production of synthetic industrial diamond in China in the year 2019 exceeded 14.6 Billion Carats, resulting in the nation being the world’s leading producer. The market in the region is further segmented by country into China, India, Japan, Thailand, Australia, Rest of APAC. Out of these, the market in China is expected to garner the largest revenue of USD 14926.85 Million by the end of 2028, up from a revenue of USD 9132.07 Million in the year 2019.

Growth Drivers and Challenges Impacting the Growth of the Global Lab Grown (Synthetic) Diamonds Market

Growth Drivers

  • Increasing Demand for Lab-Grown Diamonds from End-Use Industries

  • Rise in Focus for Environmentally Sustainable Production of Diamonds

Challenges

  • Complex Manufacturing Process

Global Lab Grown (Synthetic) Diamonds Market Segmentation Synopsis

The global lab grown (synthetic) diamonds market is segmented by product into rough and polished, out of which, the rough segment is anticipated to garner the largest revenue by the end of 2028, while the polished segment is projected to grow with the highest CAGR of 9.43% during the forecast period. By manufacturing process, the market is segmented into high pressure high temperature (HPHT), and chemical vapor deposition (CVD), out of which, the CVD segment is anticipated to garner the largest revenue by the end of 2028 and also grow with the highest CAGR during the forecast period. The market is also segmented by application into jewelry, electronics, optics, construction, satellite, data storage, semi-conductors, and others. Out of these, the construction segment is projected to display the largest revenue of USD 9756.67 Million by the end of 2028, up from a revenue of USD 6403.25 Million in the year 2019.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global lab grown (synthetic) diamonds market that are included in our report are Element Six UK Ltd. (De Beers Group), Sumitomo Electric Industries, Ltd., Swarovski AG, NEW DIAMOND TECHNOLOGY LLC, Pure Grown Diamonds, Sarine Group of Companies, Applied Diamond Inc., Iljin Diamond Co., Ltd., D.NEA, APPSILON ENTERPRISE, Eco Lab Diamonds, Nova Diamonds Pty Ltd., Parker Diamonds, Rio Tinto, De Beers Group, Charles & Colvard, Ltd., Blue Nile Inc., and others.

Latest Developments in the Global Lab Grown (Synthetic) Diamonds Market:

  • September 10th, 2020: Charles & Colvard, Ltd., announced that it has partnered with the iconic American department store, Macy’s for the sale of moissanite diamond fine jewelry in its fifty stores in New York city, San Francisco and Chicago.

  • September 21st, 2021: Element Six UK Ltd., a subsidiary of De Beers Group, announced that it has launched a new grade of diamond, DNV-B14, for application in quantum technologies, such as RF sensors, magnetic field devices, and solid-state gyroscopes among others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS

1.      Market Definition

1.1.  Definition

1.2.Market Segmentation

2.    Assumptions and Acronyms

3.    Research Methodology

3.1.Research Process

3.2.                    Primary Research

3.3.                    Secondary Research

4.    Executive Summary – Global Lab Grown (Synthetic) Diamonds Market

5.     Market Lineage Outlook -Global Diamond Industry

6.    Value Chain Analysis

7.     End-User Outlook

8.    Trade Outlook

9.    Porters Five Forces Analysis

10.            Consumer Behavior Analysis

11.  Technology Framework

12.Regulatory Landscape

13.Analysis of Market Dynamics

13.1.                  Drivers

13.2.                Restraints

13.3.                Trends

14.Key Market Opportunities

15. Industry Risk Analysis

16.Competitive Landscape (Global)

16.1.                  Market Share Analysis, 2020

16.2.                Company Profiles

16.2.1.                      Element Six UK Ltd. (De Beers Group)

16.2.2.                    Sumitomo Electric Industries, Ltd.

16.2.3.                    Swarovski AG

16.2.4.                    NEW DIAMOND TECHNOLOGY LLC

16.2.5.                     Pure Grown Diamonds

16.2.6.                    Sarine Group of Companies

16.2.7.                     Applied Diamond Inc.

16.2.8.                    Iljin Diamond Co., Ltd.

16.2.9.                    D.NEA

16.2.10.                APPSILON ENTERPRISE

17. Competitive Landscape (Australia)

17.1.                  Market Share Analysis, 2020

17.2.                 Company Profiles

17.2.1.                      Eco Lab Diamonds

17.2.2.                     Nova Diamonds Pty Ltd.

17.2.3.                     Parker Diamonds

17.2.4.                     Rio Tinto

17.2.5.                     De Beers Group

17.2.6.                     Charles & Colvard, Ltd.

17.2.7.                     Blue Nile Inc.

18.Global Lab Grown (Synthetic) Diamonds Market 2020-2028

18.1.                  Market Overview

18.2.                By Value (USD Million)

19.Global Lab Grown (Synthetic) Diamonds Market-Segmentation Analysis 2020-2028

19.1.                  By Product

19.1.1.                       Rough, 2019-2028F (USD Million)

19.1.2.                      Polished, 2019-2028F (USD Million)

19.2.                By Manufacturing Process

19.2.1.                      High Pressure High Temperature (HPHT), 2019-2028F (USD Million)

19.2.2.                    Chemical Vapor Deposition (CVD), 2019-2028F (USD Million)

19.3.                By Application

19.3.1.                      Jewelry, 2019-2028F (USD Million)

19.3.2.                    Electronics, 2019-2028F (USD Million)

19.3.2.1.  High Power switches, 2019-2028F (USD Million)

19.3.2.2.                        High Frequency Transistors, 2019-2028F (USD Million)

19.3.2.3.                        Light Emitting Diodes (LEDs), 2019-2028F (USD Million)

19.3.2.4.                        Others, 2019-2028F (USD Million)

19.3.3.                    Optics, 2019-2028F (USD Million)

19.3.4.                    Construction, 2019-2028F (USD Million)

19.3.5.                     Satellite, 2019-2028F (USD Million)

19.3.6.                    Data Storage, 2019-2028F (USD Million)

19.3.7.                     Semi-Conductors, 2019-2028F (USD Million)

19.3.8.                    Others, 2019-2028F (USD Million)

19.4.                By Region

19.4.1.                      North America, 2019-2028F (USD Million)

19.4.2.                    Europe, 2019-2028F (USD Million)

19.4.3.                    Asia Pacific, 2019-2028F (USD Million)

19.4.4.                    Latin America, 2019-2028F (USD Million)

19.4.5.                     Middle East & Africa, 2019-2028F (USD Million)

20.          North America Lab Grown (Synthetic) Diamonds Market

20.1.                Market Overview

20.2.              Market Value (USD Million)

20.3.              Market Segmentation:

20.3.1.                    By Product

20.3.1.1. Rough, 2019-2028F (USD Million)

20.3.1.2.                        Polished, 2019-2028F (USD Million)

20.3.2.                  By Manufacturing Process

20.3.2.1.                        High Pressure High Temperature (HPHT), 2019-2028F (USD Million)

20.3.2.2.                      Chemical Vapor Deposition (CVD), 2019-2028F (USD Million)

20.3.3.                  By Application

20.3.3.1.                        Jewelry, 2019-2028F (USD Million)

20.3.3.2.                      Electronics, 2019-2028F (USD Million)

20.3.3.2.1.    High Power switches, 2019-2028F (USD Million)

20.3.3.2.2.  High Frequency Transistors, 2019-2028F (USD Million)

20.3.3.2.3.  Light Emitting Diodes (LEDs), 2019-2028F (USD Million)

20.3.3.2.4.  Others, 2019-2028F (USD Million)

20.3.3.3.                      Optics, 2019-2028F (USD Million)

20.3.3.4.                      Construction, 2019-2028F (USD Million)

20.3.3.5.                       Satellite, 2019-2028F (USD Million)

20.3.3.6.                      Data Storage, 2019-2028F (USD Million)

20.3.3.7.                       Semi-Conductors, 2019-2028F (USD Million)

20.3.3.8.                      Others, 2019-2028F (USD Million)

20.3.4.                  By Country

20.3.4.1.                        United States, 2019-2028F (USD Million)

20.3.4.2.                      Canada, 2019-2028F (USD Million)

21.Europe Lab Grown (Synthetic) Diamonds Market

21.1.                  Market Overview

21.2.                Market Value (USD Million)

21.3.                Market Segmentation:

21.3.1.                      By Product

21.3.2.                    By Manufacturing Process

21.3.3.                    By Application

21.3.4.                    By Country

21.3.4.1.  Germany

21.3.4.2.                        Russia

21.3.4.3.                        France

21.3.4.4.                        Italy

21.3.4.5. Sweden

21.3.4.6.                        Turkey

21.3.4.7. Ireland

21.3.4.8.                        Rest of Europe

22.           Asia Pacific Lab Grown (Synthetic) Diamonds Market

22.1.                Market Overview

22.2.               Market Value (USD Million)

22.3.               Market Segmentation:

22.3.1.                    By Product

22.3.2.                   By Manufacturing Process

22.3.3.                   By Application

22.3.4.                   By Country

22.3.4.1.                        Australia

22.3.4.2.                       China

22.3.4.3.                       India

22.3.4.4.                       Thailand

22.3.4.5.                       Rest of Asia Pacific

23.           Latin America Lab Grown (Synthetic) Diamonds Market

23.1.                Market Overview

23.2.               Market Value (USD Million)

23.3.               Market Segmentation:

23.3.1.                    By Product

23.3.2.                   By Manufacturing Process

23.3.3.                   By Application

23.3.4.                   By Country

23.3.4.1.                        Brazil

23.3.4.2.                       Mexico

23.3.4.3.                       Rest of Latin America

24.           Middle East and Africa Lab Grown (Synthetic) Diamonds Market

24.1.                Market Overview

24.2.               Market Value (USD Million)

24.3.               Market Segmentation:

24.3.1.                    By Product

24.3.2.                   By Manufacturing Process

24.3.3.                   By Application

24.3.4.                   By Country

24.3.4.1.                        Saudi Arabia

24.3.4.2.                       UAE

24.3.4.3.                       South Africa

24.3.4.4.                       Rest of Middle East & Africa

25.           Cross Analysis of Product w.r.t. Application, 2020 (USD Million)

26.           Analyst’s Review

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  1. Element Six UK Ltd. (De Beers Group)
  2. Sumitomo Electric Industries, Ltd.
  3. Swarovski AG
  4. NEW DIAMOND TECHNOLOGY LLC
  5. Pure Grown Diamonds
  6. Sarine Group of Companies
  7. Applied Diamond Inc.
  8. Iljin Diamond Co., Ltd.
  9. D.NEA
  10. APPSILON ENTERPRISE
  11. Eco Lab Diamonds
  12. Nova Diamonds Pty Ltd
  13. Parker Diamonds
  14. Rio Tinto
  15. De Beers Group
  16. Charles & Colvard, Ltd.
  17. Blue Nile Inc.
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