Synthetic Diamond Global Market Report 2026

Synthetic diamonds, created in labs, mimic natural diamonds' optical and physical properties, featuring the same crystal lattice structure. They find use in providing durable coatings for various industrial equipment such as machine tools, grinding wheels, and mining drills.

Synthetic diamonds exist in two primary types: polished and rough. Polished diamonds undergo processing without altering their inherent size, shape, or other features. Features of polished diamonds include Color K and Clarity SI2. The manufacturing process involves high pressure, high temperature, and chemical vapor deposition methods. These synthetic diamonds are well-suited for applications in high-end electronics, lasers, x-rays, surgical machinery, quantum computing, and various other technological domains.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on imported synthetic diamonds have affected the market by increasing costs and disrupting supply chains, particularly in industrial-grade and gem-quality diamonds in north america, europe, and asia-pacific. These tariffs impact electronics, surgical, and industrial tooling applications, raising operational expenses for importers. However, they have encouraged domestic production, promoted eco-friendly synthesis technologies, and accelerated innovation in precision and high-quality synthetic diamonds.

The synthetic diamond market research report is one of a series of new reports from The Business Research Company that provides synthetic diamond market statistics, including synthetic diamond industry global market size, regional shares, competitors with a synthetic diamond market share, detailed synthetic diamond market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic diamond industry. This synthetic diamond market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The synthetic diamond market size has grown strongly in recent years. It will grow from $20.3 billion in 2025 to $21.88 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growth of industrial tooling and cutting applications, increasing demand for high-quality gem diamonds, expansion of electronics and precision equipment sectors, rise in mining and quarrying activities, conventional use of natural diamonds for high-end machinery.

The synthetic diamond market size is expected to see strong growth in the next few years. It will grow to $29.18 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising adoption of synthetic diamonds in quantum computing, growth in laser and x-ray equipment applications, increasing use in surgical machinery and medical devices, demand for cost-effective gem-quality diamonds, expansion in high-end electronics and semiconductor applications. Major trends in the forecast period include adoption of automated diamond manufacturing technologies, integration of iot for real-time monitoring in production, use of energy-efficient and eco-friendly synthesis processes, implementation of ai for quality control and defect detection, rising demand for high-precision industrial-grade diamonds.

The increasing mining activities are expected to drive the growth of the synthetic diamond market in the coming years. Mining activities involve the extraction of valuable minerals, ores, or geological materials from the Earth's crust for industrial and commercial purposes. These activities are rising due to growing demand for advanced materials across industrial and technological applications, prompting greater mineral exploration and extraction efforts. Synthetic diamonds support mining activities by using mined raw materials and converting them into high-quality diamonds through controlled laboratory processes such as HPHT and CVD, enabling efficient and scalable production. For example, in January 2024, the U.S. Geological Survey (USGS), a U.S. government scientific agency, reported that the total value of nonfuel mineral production in the United States was approximately $105 billion, a 4% increase from 2022. Consequently, the rise in mining activities is driving the growth of the synthetic diamond market.

Major contenders in the synthetic diamond market are innovating by introducing lab-grown diamonds to enhance their competitive edge. Lab-grown diamonds, crafted in controlled laboratory settings, are a departure from naturally formed geological diamonds. For instance, in August 2023, Pandora A/S, a Denmark-based jewelry manufacturer, launched pandora nova, pandora era, and pandora talisman collections incorporating lab-grown diamonds. These collections, featuring the same attributes as mined diamonds, prioritize sterling silver or 14k gold settings, exceptional craftsmanship, accessibility, and affordability. This strategic launch aligns with Pandora's mission of democratizing diamonds through ethical and sustainable practices.

In June 2025, Diamond Technologies Inc., a U.S.-based advanced materials and diamond technology company, acquired the full asset portfolio of Akhan Semiconductor, Inc. for an undisclosed sum. Through this acquisition, Diamond Technologies aimed to strengthen its leadership in synthetic diamond materials innovation, expand its intellectual property in diamond film technologies, and enhance its ability to serve advanced electronics, optical, aerospace, and industrial markets. Akhan Semiconductor, Inc. is a U.S.-based innovator in diamond-based materials, specializing in synthetic diamond films, substrates, and manufacturing technologies for next-generation semiconductor and optical applications.

Major companies operating in the synthetic diamond market report are Sumitomo Electric Industries Ltd., Sandvik Group, De Beers plc Lightbox, Forever Company, Pandora A/S, Swarovski AG, Blue Nile Inc., Henan Huanghe Whirlwind Co Ltd., HeNan LiLiang Diamond Co Ltd., Iljin Diamond Co Ltd., Diamond Foundry, Element Six UK Ltd., Zhengzhou Sino-Crystal Diamond Co Ltd., Clean Origin, WD Lab Grown Diamonds, Applied Diamond Inc., Industrial Abrasives Ltd., Soham Industrial Diamonds, Adamas One Corp, Gemesis Inc., Scio Diamond Technology Corporation, ALTR Created Diamonds, Eco Diamond, Heyaru Engineering Pvt Ltd., Eco Star Lab Grown Diamond, New Diamond Technology, Zhongnan Diamond Co Ltd., Pure Grown Diamonds, Apollo Diamond Inc., TAIRUS CREATED GEMS Co, LTD., James Allen, Queensmith, Ada Diamonds Inc., Chatham Inc.

Asia-Pacific was the largest region in the synthetic diamond market share in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic diamond market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the synthetic diamond market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A synthetic diamond market consists of sales of colorless sapphire, colorless zircon, synthetic cubic zirconia (zirconium oxide, CZ), and synthetic moissanite (silicon carbide). 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.

Synthetic Diamond Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses synthetic diamond market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for synthetic diamond ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The synthetic diamond market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Polished; Rough
• 2) By Manufacturing Process: High Pressure; High Temperature; Chemical Vapor Deposition
• 3) By Application: High-End Electronics; Laser And X Ray; Surgical Machinery; Quantum Computing; Other Applications
• Subsegments:
• 1) By Polished: Gem-Quality Diamonds; Industrial-Grade Diamonds
• 2) By Rough: Synthetic Gem-Quality Rough; Industrial Rough Diamonds
• Companies Mentioned: Sumitomo Electric Industries Ltd.; Sandvik Group; De Beers plc Lightbox; Forever Company; Pandora A/S; Swarovski AG; Blue Nile Inc.; Henan Huanghe Whirlwind Co Ltd.; HeNan LiLiang Diamond Co Ltd.; Iljin Diamond Co Ltd.; Diamond Foundry; Element Six UK Ltd.; Zhengzhou Sino-Crystal Diamond Co Ltd.; Clean Origin; WD Lab Grown Diamonds; Applied Diamond Inc.; Industrial Abrasives Ltd.; Soham Industrial Diamonds; Adamas One Corp; Gemesis Inc.; Scio Diamond Technology Corporation; ALTR Created Diamonds; Eco Diamond; Heyaru Engineering Pvt Ltd.; Eco Star Lab Grown Diamond; New Diamond Technology; Zhongnan Diamond Co Ltd.; Pure Grown Diamonds; Apollo Diamond Inc.; TAIRUS CREATED GEMS Co; LTD.; James Allen; Queensmith; Ada Diamonds Inc.; Chatham Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.