PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269657
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269657
Global Lab Grown Diamonds Market is valued at approximately USD 22.30 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.7% over the forecast period 2022-2029. Lab Grown Diamond is Made in laboratories and factories via techniques such as HPHT, which stands for high pressure and high temperature and CVD, which stands for chemical vapor deposition. Lab Grown diamond is created in a lab using technology that replicates the natural diamond growing process. These Diamonds are used in the fashion and jewellery sectors and can be customized and personalized as per requirement. Increasing demand for diamond jewellery in the larger industry and low pricing are anticipated to boost the healthy biscuits market's growth.
The increasing demand for man-made diamond jewellery is one of the primary reasons for the growth of the Lab Grown Diamonds Industry. According to Statista, in 2021, The global diamond jewellery market was estimated at USD 87 billion and worldwide is projected to grow to USD 130 billion in 2028. Also, the growing technological advancement in manufacturing activities and rising Exports are anticipated to increase their demand in the forecast period of 2022-2029. For instance, the Gem & Jewellery Export Promotion Council stated that in April 2021 to January 2022. India's polished lab-grown diamond exports amounted to around $1.05 billion. Moreover, rapid urbanization and a fall in lab-grown diamond prices are extending market growth for the forecast period. However, negatively impacting the resale value of these diamonds stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Lab Grown Diamonds study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominates the market owing to factors such as a large consumer base. China is leading and occupying the largest global share in the Asia Pacific Lab Grown Diamond Market. Chinese industry has manufactured 50% lab-grown diamonds using high-pressure and high-temperature technology. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as technology advancement and increasing manufacturing activities by various end-user industries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable