Lab-Grown Diamond Jewelry Market Forecast to Almost Double in Size by 2025

{"AutoID":50,"DateCreation":"\/Date(1660280671170)\/","DateModified":"\/Date(1662099892600)\/","CreatedBy":null,"ModifiedBy":"Rahul Bohra ","RecordStatus":"A","Title":"Lab-Grown Diamond Jewelry Market Forecast to Almost Double in Size by 2025","SubTitle":null,"Description":"\u003cp\u003eLab grown diamond jewelry market has seen a steady rise over the last few years. And going by research and reports, its market is going to grow bigger in the next couple of years. In this article, we look at some market trends shaping the lab grown diamonds industry.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eLab grown diamond market to double by 2025\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eConsider these numbers:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eThe use of lab diamonds in jewelry has grown from a few hundred-thousand to almost \u003ca href=\"https://www.paulzimnisky.com/Lab-Grown-Diamond-Jewelry-Market-Forecast-to-Almost-Double-in-Size-by-2025\"\u003ethree million carats in 2021\u003c/a\u003e\u003c/li\u003e\r\n\t\u003cli\u003eIn 2021, the global lab grown diamond jewelry sale was approximately \u003ca href=\"https://www.nationaljeweler.com/articles/10624-measuring-the-lab-grown-diamond-market-size-growth-and-future-opportunities\"\u003e$5.9\u003c/a\u003e billion\u003c/li\u003e\r\n\t\u003cli\u003eLab created diamonds production is estimated to grow \u003ca href=\"https://www.paulzimnisky.com/Lab-Grown-Diamond-Jewelry-Market-Forecast-to-Almost-Double-in-Size-by-2025\"\u003e$4\u003c/a\u003e billion by 2025\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eEven though the lab grown diamond jewelry market forms a small share of the total diamond market, which includes mined diamonds, synthetic diamonds, etc., the share of \u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003elab diamonds\u003c/a\u003e is increasing year-after-year.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe factors for this boost are consumer preference for sustainable diamond jewelry such as lab created rings, quick adaptation by diamond brands and retailers to cater to this growing consumer preference, cost-efficiency of lab diamonds, and an overall increase in conscious consumption all over the world.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eThe demand for lab grown diamond jewelry has increased\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWhile earlier consumers bought mostly \u003ca href=\"https://www.growndiamondcorp.com/blog/why-do-we-give-diamond-engagement-rings/\"\u003elab grown diamond rings\u003c/a\u003e, over the last couple of years, this has changed. Customers are now open to exploring all kinds of jewelry made of \u003ca href=\"https://www.growndiamondcorp.com/blog/lab-created-diamonds/\"\u003elab created diamonds\u003c/a\u003e.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eFrom earrings, to necklace, and bracelets to brooches \u0026ndash; customers are now looking for alternatives to \u003ca href=\"https://www.growndiamondcorp.com/blog/your-lab-grown-diamond-is-as-real-as-mined-its-official/\"\u003emined diamonds\u003c/a\u003e. Celebrities endorsing and supporting lab diamonds at red carpet events has also given a push to this trend.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eLab diamonds\u003c/strong\u003e are also used for industrial purposes. However, compared to industrial use diamonds, the use of \u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab grown diamonds\u003c/a\u003e for different types of jewelry is much higher.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eTechnology for lab diamonds is advancing\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWhile there are two main techniques to make diamonds in labs \u0026ndash; the \u003cstrong\u003eHPHT and CVD\u003c/strong\u003e, diamond manufacturers have been constantly adapting their processes to advanced technology. This has led to the production of high-quality diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eMoreover, consumers can get personalized diamonds made. For example, if a customer wants a \u003ca href=\"https://www.growndiamondcorp.com/blog/what-are-cvd-chemical-vapor-deposition-diamonds/\"\u003eCVD diamond\u003c/a\u003e jewelry piece of a specific carat, size, and brilliance, it\u0026rsquo;s possible.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eJewelry retailers are making a shift to lab diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eTo cater to the growing preference for \u003ca href=\"https://www.growndiamondcorp.com/blog/man-made-diamonds-are-the-future-heres-why/\"\u003eman made diamonds\u003c/a\u003e, more jewelry retailers are shifting to using lab diamonds for jewelry such as \u003cstrong\u003elab created diamond rings\u003c/strong\u003e, which is one of the highest selling diamond jewelry items.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eFast forward to a few more years, and research shows that the golab lab grown \u003ca href=\"https://www.growndiamondcorp.com/blog/why-real-synthetic-diamonds-are-cost-effective/\"\u003esynthetic diamonds\u003c/a\u003e market is estimated to generate a revenue of $32740 million in 2028. This is \u003ca href=\"https://www.globenewswire.com/en/news-release/2022/03/28/2410669/28124/en/Global-Lab-Grown-Diamonds-Market-Report-2022-Featuring-Key-Players-Sumitomo-Electric-Swarovski-Pure-Grown-Diamonds-Eco-Lab-Diamonds-Nova-Diamonds-Rio-Tinto-De-Beers-Group-and-Blue-.html\"\u003ealmost double\u003c/a\u003e from 2019, when the revenue was $19145 million.\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u0026nbsp;\u003c/h2\u003e\r\n\r\n\u003ch2\u003eThe impact of the pandemic on lab grown diamond market\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eJust as most other industries, the pandemic had a negative impact on the lab created diamond industry. The reasons being a disruption in supply chains, low spending capacity of consumers, among others.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWith the pandemic induced shut-down of brick and mortar stores, the situation led to an increase in online platforms and channels for the sale and purchase of lab diamonds and lab grown diamond jewelry.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWith a preference for more sustainable alternatives across industries, including diamond, the post-pandemic market has seen a greater focus on sustainable production of lab diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3\u003e\u003cstrong\u003eFinal thoughts\u003c/strong\u003e\u003c/h3\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWhether it\u0026rsquo;s \u003cstrong\u003elab grown diamond rings\u003c/strong\u003e or industrial use of lab diamonds, recent reports show there\u0026rsquo;s an upward curve in the market. And there are many factors that are coming together to favor lab created diamond jewelry \u0026ndash; from a growing consumer preference for sustainable diamonds to technology advancement in the field of \u003ca href=\"https://www.growndiamondcorp.com/\"\u003egrown diamonds\u003c/a\u003e to large diamond retailers and manufacturer making a shift to lab grown diamonds \u0026ndash; all the factors have aligned well to push the lab diamond industry in the right direction.\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"imagejpgOTODAVOGJD.jpg","Image_Alt":"Lab Grown Diamonds Market","KeyWords":"lab grown diamonds, lab created diamonds, lab diamonds, mined diamonds, lab grown diamond rings, CVD diamond\r\n","MetaDescription":"Lab grown diamonds are the new trend in the diamond industry and we are continuously seeing an upward curve in the adaption of diamonds made in laboratories. Industry analyst predicts that by 2025, the laboratory-grown diamond jewelry market will nearly double it\u0027s size.","MetaTitle":"Lab-Grown Diamond Jewelry Market Forecast to Almost Double in Size by 2025","CanonicalLink":"https://www.growndiamondcorp.com/blog/lab-grown-diamond-jewelry-market-forecast-size-to-double-by-2025/","MetaContent":"\u003c!-- Open Graph / Facebook --\u003e\r\n\u003cmeta property=\"og:type\" content=\"website\"\u003e\r\n\u003cmeta property=\"og:url\" content=\" https://www.growndiamondcorp.com/blog/diamond-jewelry-market-forecast-size-to-double-by-2025/\"\u003e\r\n\u003cmeta property=\"og:title\" content=\" Lab-Grown Diamond Jewelry Market Forecast to Almost Double in Size by 2025\"\u003e\r\n\u003cmeta property=\"og:description\" content=\" Lab grown diamonds are the new trend in the diamond industry and we are continuously seeing an upward curve in the adaption of diamonds made in laboratories. Industry analyst predicts that by 2025, the laboratory-grown diamond jewelry market will nearly double it\u0027s size.\"\u003e\r\n\u003cmeta property=\"og:image\" content=\" https://www.growndiamondcorp.com/Content/public/images/logo.png\"\u003e\r\n\r\n\u003c!-- Twitter --\u003e\r\n\u003cmeta property=\"twitter:card\" content=\"summary_large_image\"\u003e\r\n\u003cmeta property=\"twitter:url\" content=\" https://www.growndiamondcorp.com/blog/diamond-jewelry-market-forecast-size-to-double-by-2025/\"\u003e\r\n\u003cmeta property=\"twitter:title\" content=\" Lab-Grown Diamond Jewelry Market Forecast to Almost Double in Size by 2025\"\u003e\r\n\u003cmeta property=\"twitter:description\" content=\" Lab grown diamonds are the new trend in the diamond industry and we are continuously seeing an upward curve in the adaption of diamonds made in laboratories. Industry analyst predicts that by 2025, the laboratory-grown diamond jewelry market will nearly double it\u0027s size.\"\u003e\r\n\u003cmeta property=\"twitter:image\" content=\" https://www.growndiamondcorp.com/Content/public/images/logo.png\"\u003e\r\n","SeqNo":null,"Slug":"lab-grown-diamond-jewelry-market-forecast-size-to-double-by-2025","GetTitle":"lab-grown-diamond-jewelry-market-forecast-to-almost-double-in-size-by-2025","GetImageUrl":"https://docs.growndiamondcorp.com/blog/imagejpgOTODAVOGJD.jpg"}