LAB GROWN DIAMOND JEWELRY MARKET SIZE & SHARE BY DIAMOND COLOR (COLORLESS, COLORED), BY DIAMOND SIZE (UP TO 2 CHARAT, UP TO 2 TO 4 CHARAT, ABOVE 4 CHARAT), BY ORNAMENT TYPE (RINGS, BANGLES & BRACELETS, NECKLACE, EARRINGS, OTHERS) BY METAL MATERIAL (GOLD, PLATINUM, OTHERS), BY DIAMOND CUT (ROUND, SQUARE, OTHERS) AND BY REGION & COUNTRY–FORECAST TO 2032
| Report Code: F&A1201-0101 | Number of Pages: 400 | Report Format: PDF, EXCEL, PPT |
|---|---|---|
|
Trend Year: 2022 – 2024 |
Forecast Period: 2025 – 2032 |
Publish Date: JULY 2025 |
Market overview: the global lab grown diamond jewelry market was estimated at US $8.0 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of >10% from 2025 to 2032 to reach us $17.6 billion by 2032. The market is growing due to its appealing ethical qualities, cost-effectiveness, and alignment with the values of contemporary consumers. Buyers are attracted to its sustainable and conflict-free origins, along with its more affordable prices compared to the mined diamonds without sacrificing quality. Technological advancements have produced these diamonds to be nearly indistinguishable from natural ones, and digital retail platforms provide easy customization and accessibility. All these elements are contributing to the growing popularity of lab-grown diamond jewelleries as a responsible and fashionable option in the current jewellery marketplace.
MARKET DYNAMIC
GROWTH DRIVERS:
- Lab-grown diamonds are viewed as conflict-free and eco-friendly alternatives
- Price is significantly lower than mined diamonds
- Wide selection options available
- Driver 4
- Driver 5
NEW GROWTH OPPORTUNITIES:
- Emerging Market Expansion
- Trends toward bespoke and inclusive jewellery align well with lab-grown diamond flexibility
- Opportunity 3
- Opportunity 4
MARKET RESTRAINTS:
- Perceived Inferiority
- Lack of consistent, trusted certification and labelling
- Market Restraint 3
GROWTH HURDLES:
- Natural diamond competition
- Lack of consumer awareness
- Regulatory & labelling challenges
Diamond Color: Market Insights
The market for lab-grown diamond jewellery is divided into two categories based on the color of the diamonds: colourless and coloured, each appealing to different consumer tastes. Colourless lab-grown diamonds closely resemble natural diamonds and are the most sought-after option with more than 70% share for traditional ornaments like engagement & wedding rings and wedding bands. Their classic charm, affordability, and unmatched brilliance compared to mined diamonds make them a popular choice for mainstream consumers. Conversely, coloured lab-grown diamond jewellery which come in shades such as pink, blue, yellow, and green are increasingly appealing to those looking for originality and self-expression. These stones are often selected for trendy designs and bold pieces, and their vibrant colours offered at competitive prices are enhancing their popularity. As consumer preferences evolve, this segmentation is allowing brands to meet both classic and modern style desires.
Diamond Size: Market Insights
The market for lab-grown diamond jewellery can be divided by diamond size into three categories: up to 2 carats, >2 to 4 carats, and above 4 carats, each reflecting varied consumer tastes and price considerations. The segment comprising diamonds up to 2 carats leads the market, appealing to the largest customer demographic—specifically those in search of stylish yet reasonably priced items for everyday use, engagements, wedding, or gifting. These diamonds offer a perfect combination of size, brilliance, and affordability, making them particularly attractive to younger shoppers and first-time diamond buyers. The segment of diamonds greater than 2 to 4 carats is seeing increased popularity, fuelled by consumers interested in more striking and luxurious designs without the hefty price of mined diamonds. These mid-sized lab-grown diamond options are preferred for upscale rings, necklaces, and anniversary presents. Conversely, the segment above 4 carats, while smaller in volume, is witnessing specialized growth as demand rises among high-end consumers in search of bold statement pieces. The presence of larger lab-grown diamonds at considerably lower prices compared to their natural equivalents is enhancing their allure in the luxury sector, presenting new possibilities for premium product offerings.
Ornament Type: Market Insights
The market for jewellery made from lab-grown diamonds is divided into categories based on ornament type, including, rings, bangles/bracelets, earrings, necklaces and other ornaments, with each segment catering to distinct consumer preferences and occasions. Rings constitute the largest and most well-established category, largely fuelled by significant demand for engagement and wedding rings. Their symbolic value, along with the cost-effectiveness and ethical considerations of lab-grown diamonds, makes them a preferred option for contemporary couples who desire both aesthetics and values-oriented purchasing. Necklaces and bangles/bracelets are also gaining popularity, particularly among stylish consumers and gift shoppers. These items provide opportunities for more innovative and customized designs, often showcasing distinctive diamond shapes and hues. They are frequently selected for celebrations, important life events, or as a touch of daily luxury. The ‘others’ category which encompasses nose pins, pendants, etc. Is experiencing growth as brands broaden their offerings to cater to varied tastes. This segmentation illustrates the increasing prominence of lab-grown diamonds beyond conventional rings, venturing into a wider field of modern and statement jewellery.
Product Range: Market Insights
By product range, the agricultural lubricant market is segmented into base, mid-range, and premium. Base-grade lubricants are cost-effective and cater to standard lubrication needs for older or less demanding machinery. Mid-range lubricants offer a balance between performance and affordability, providing better protection and efficiency for commonly used agricultural equipment. Premium lubricants are high-performance products designed for modern, high-load machinery, offering superior protection, longer service intervals, and enhanced operational efficiency under extreme conditions, making them ideal for intensive agricultural operations.
Metal Material: Market Insights
The market for lab-grown diamond jewellery is also divided by metal type into gold, platinum, and other materials, each bringing its own distinctive aesthetic and value appeal. Among these, gold particularly in its yellow, white, and rose forms commands the largest market share due to its widespread popularity, versatility, and cultural importance in various regions. Gold settings complement lab-grown diamonds beautifully and are commonly utilized in rings, necklaces, and bangles, making them a favoured option for both traditional and modern designs. The affordability of lab-grown diamonds enables consumers to invest more in high-quality gold craftsmanship while staying within their budget. Platinum, recognized for its durability, rarity, and hypoallergenic characteristics, is becoming increasingly popular in the high-end jewellery market. Its naturally white colour enhances the sparkle of lab-grown diamond jewelleries, positioning it as a prime choice for engagement and bridal collections. Meanwhile, the category of ‘others,’ which includes metals such as silver, palladium, and mixed alloys, is beginning to surface as a practical option for fashion and casual jewellery. These alternatives appeal to cost-conscious consumers and provide more versatility for innovative, trend-focused designs.Top of Form
Sales Channel: Market Insights
By sales channel. Aftermarket segment accounted for approximately 4/5th share of the North America agricultural lubricant market, followed by OEM (1st Fill) & OE Service Network with 1/5th share. Within the aftermarket sales channel in North America, Agriculture Cooperatives accounted for the largest share, followed by retailers / distributors. The Right to Repair Act, gaining momentum across multiple U.S. states, has profound implications for the agricultural machinery ecosystem. This legislation mandates that original equipment manufacturers (OEMs) must provide farmers and independent repair shops access to essential diagnostic tools, software, and technical documentation. Historically, OEMs have restricted access to these resources, forcing farmers to rely exclusively on authorized service centers for even minor repairs, leading to downtime and higher costs.
Regional: Market Insights
North America is the largest and most developed market for lab-grown diamond jewellery, with the United States leading this expansion. A number of interconnected factors contribute to this prominence. Primarily, there is a significant consumer shift towards ethical and sustainable luxury, especially among millennials and gen z consumers. These younger generations are increasingly turning away from traditional mined diamonds due to concerns regarding environmental harm and human rights violations. Instead, they are opting for lab-grown diamonds, which provide a clean, conflict-free choice that reflects their values while still offering exceptional beauty and brilliance. The region’s sophisticated retail structure both online and in physical stores also plays an essential part. Direct-to-consumer brands such as Brilliant Earth, Vrai (from diamond foundry), and clean origin have established strong positions by providing transparency, customization, and innovative online shopping experiences. Even established brands like de beers have joined the market through their Lightbox jewellery line, further legitimizing lab-grown diamonds in the eyes of previously sceptical consumers. Retailers are not just offering these diamonds; they are creating narratives around sustainability, providing blockchain-verified provenance, and even pairing lab-grown stones with recycled or ethically sourced metals. Moreover, North America benefits from enhanced consumer knowledge and clearer regulations, enabling lab-grown diamonds to be confidently marketed as genuine diamonds with identical physical, chemical, and optical characteristics as their mined counterparts. Technological advancements, especially in production facilities like those operated by diamond foundry in the USA, have ensured a steady supply of high-quality stones in various shapes, sizes, and hues, catering to the increasing demand in bridal, fashion, and custom jewellery categories. Marketing efforts surrounding engagements, weddings, and significant gift-giving key segments of the USA jewellery market are increasingly highlighting lab-grown diamonds, particularly as young couples seek to make meaningful yet financially sensible choices. Furthermore, escalating prices of gold and mined diamonds are encouraging more consumers to consider lab-grown alternatives, making the value proposition of lab-grown diamond jewellery particularly compelling in this region. With a perfect mix of innovation, consumer values, and the purchasing power associated with luxury, North America is not just at the forefront of the lab-grown diamond jewellery market it is actively influencing its global direction.
Competition: lab grown diamond jewelry market
The lab grown diamond jewelry market is highly competitive, with key players focusing on innovation, product efficiency, and strategic partnerships to strengthen their market position. Major companies include DE BEERS GROUP, VRAI, RITANI, ADA DIAMONDS, AETHER DIAMONDS, BRILLIANT EARTH, LARK & BERRY, COURBET, KIMAI, CLEAN ORIGIN, CHATHAM. These companies have become well-known by providing ethically sourced, environmentally friendly, and priced alternatives to mined diamonds. Brands like VRAI and AETHER emphasize carbon-neutral or carbon-negative production processes. Meanwhile, BRILLIANT EARTH and KIMAI combine lab-grown diamonds with recycled precious metals to improve their sustainability appeal. De beers, known for natural diamonds, has joined the lab-grown market with its lightbox brand to remain competitive as the market changes. Together, these companies are changing the global diamond jewelry market by attracting modern consumers who value transparency, affordability, and environmental responsibility.
Lab-grown diamond jewellery market snapshot | |
Market Size In 2025 | USD 8.0 BILLION |
Market Forecast In 2032 | USD 17.6 BILLION |
Compound Annual Growth Rate (2025-2032) | 10.0% |
Historical Data (Years) | 2022-2024 |
Forecast Data (Years) | 2025-2032 |
Region Dominance | NORTH AMERICA |
Country Dominance | USA |
Growth Driver | Lab-grown diamonds are viewed as conflict-free and eco-friendly alternatives, price is significantly lower than mined diamonds, wide selection options available |
Segments Covered | DIAMOND COLOR, ORNAMENT TYPE, DIAMOND SIZE, METAL MATERIAL, AND BY REGION & COUNTRIES |
Regions Covered | NORTH AMERICA, EUROPE, ASIA PACIFIC, SOUTH AMERICA, MIDDLE EAST & AFRICA |
Countries Covered | USA, CANADA, MEXICO, UK, GERMANY, ITALY, FRANCE, REST OF THE EUROPE, CHINA, INDIA, JAPAN, REST OF APAC, UAE, SOUTH AFRICA, SAUDI ARABIA, BRAZIL, ARGENTINA, REST OF THE WORLD |
Companies Profiled (30+) | DE BEERS GROUP, VRAI, RITANI, ADA DIAMONDS, AETHER DIAMONDS, BRILLIANT EARTH, LARK & BERRY, COURBET, KIMAI, CLEAN ORIGIN, CHATHAM, MIADONNA, ASCOT DIAMONDS, SCEONA, MANY MORE. |
