CVD Lab Grown Diamond Market Size, Share, Growth, and Industry Analysis, By Types (Rough, Polished), By Applications (Online, Special Store, Supermarket, Others) , and Regional Insights and Forecast to 2034

CVD Lab Grown Diamond Market Size

The Global CVD Lab Grown Diamond Market size was USD 14.14 Billion in 2024 and is projected to reach USD 15.22 Billion in 2025, further rising to USD 28.15 Billion by 2034, at a CAGR of 7.07% during 2025–2034. With more than 62% of global consumers preferring sustainable alternatives and around 54% of retailers adopting lab-grown collections, the market is steadily expanding across both jewelry and industrial sectors.

The US CVD Lab Grown Diamond Market shows robust growth as nearly 65% of millennials prefer eco-friendly diamonds, while 48% of jewelry outlets stock lab-grown collections. Around 35% of US industrial demand comes from electronics and aerospace, highlighting how sustainability and technology together drive adoption in this region.

Key Findings

• Market Size: Global market was $14.14 billion (2024), $15.22 billion (2025), expected $28.15 billion (2034) with 7.07% growth.
• Growth Drivers: 65% buyers prefer eco-friendly diamonds, 52% brands launched sustainable lines, 40% industrial adoption, 33% retail expansion globally.
• Trends: 70% millennials choose lab-grown, 58% retailers stock collections, 42% used in electronics, 25% in thermal management applications.
• Key Players: IIa Technologies, Brilliant Earth, Ada Diamonds, New Diamond Technology, WD Lab Grown Diamonds & more.
• Regional Insights: Asia-Pacific 38%, North America 32%, Europe 20%, Middle East & Africa 10%, showcasing full 100% global market share.
• Challenges: 55% buyers still prefer natural stones, 48% producers face energy costs, 35% struggle with scalability, 27% quality consistency issues.
• Industry Impact: 62% jewelry demand from lab-grown, 42% industrial applications, 33% retail expansion, 28% B2B demand reshaping supply chains globally.
• Recent Developments: 22% production increase, 30% energy reduction, 18% e-commerce growth, 25% higher thermal conductivity, 20% new product launches.

The CVD Lab Grown Diamond Market is evolving rapidly, blending sustainability and technology. With 62% consumer adoption, 40% industrial applications, and rising acceptance in luxury sectors, the market reflects an ongoing transformation in global diamond sourcing and usage.

CVD Lab Grown Diamond Market Trends

The CVD Lab Grown Diamond Market is witnessing steady adoption across the jewelry and industrial segments, driven by sustainability and affordability. Nearly 70% of consumers aged between 25 to 40 years prefer lab-grown diamonds due to their eco-friendly production, while 58% highlight ethical sourcing as a primary factor. Industrial applications are also rising, with almost 42% of lab-grown diamonds used in electronics, optics, and cutting tools. The jewelry segment continues to dominate, accounting for more than 62% of total demand, followed by industrial applications. Regionally, Asia-Pacific holds around 38% share, North America 32%, Europe 20%, and the Middle East & Africa approximately 10%, indicating strong global penetration.

CVD Lab Grown Diamond Market Dynamics

DRIVERS

Rising demand for sustainable diamonds

Around 65% of young buyers prefer eco-friendly diamonds, while 52% of luxury brands have introduced lab-grown alternatives. The adoption rate of sustainable diamond products is growing at more than 40% annually, creating momentum for CVD Lab Grown Diamond Market expansion.

OPPORTUNITY

Growth in industrial applications

CVD lab-grown diamonds are gaining traction in electronics, with nearly 47% demand arising from semiconductors and thermal applications. Optical devices contribute close to 18%, while precision cutting and drilling tools account for 25%. This creates broad growth opportunities across sectors.

RESTRAINTS

"High competition from natural diamonds"

Despite growing adoption, about 55% of luxury jewelry buyers still prefer natural diamonds for emotional and traditional reasons. Retailers report that 30% of consumers perceive natural stones as more prestigious, which restrains the pace of CVD Lab Grown Diamond Market expansion.

CHALLENGE

"Rising production costs and scalability issues"

Nearly 48% of manufacturers face challenges with high energy consumption during the CVD process, while 35% highlight equipment maintenance costs. Scalability remains a challenge, as only 28% of small-scale producers can maintain consistent quality, hindering broader market adoption.

Segmentation Analysis

The Global CVD Lab Grown Diamond Market, valued at USD 15.22 Billion in 2025, is segmented by type and application with varied growth dynamics. By type, Rough and Polished segments show distinct adoption patterns, with Polished holding the larger share due to rising jewelry consumption. Rough diamonds, however, are gaining traction in industrial applications. By application, Online, Special Store, Supermarket, and Others represent strong growth avenues. Online channels are witnessing the fastest adoption, while Special Stores continue to dominate consumer preference. Each segment is contributing significantly to the overall CAGR of 7.07% projected during 2025–2034.

By Type

Rough

Rough CVD lab-grown diamonds are widely used in industrial applications such as cutting, grinding, and thermal conductivity solutions. Nearly 40% of demand in the industrial sector comes from rough diamonds, reflecting their growing importance in high-tech applications and manufacturing industries worldwide.

Rough segment held a market size of USD 4.87 Billion in 2025, representing 32% of the total market. This segment is expected to grow at a CAGR of 6.1% from 2025 to 2034, driven by adoption in semiconductors, optics, and industrial machinery.

Top 3 Major Dominant Countries in the Rough Segment

• China led the Rough segment with a market size of USD 1.45 Billion in 2025, holding a 30% share and expected to grow at a CAGR of 6.3% due to manufacturing and industrial expansion.
• United States followed with USD 1.21 Billion in 2025, capturing 25% share, projected to grow at 6.0% CAGR supported by electronics and aerospace sectors.
• Germany recorded USD 0.85 Billion in 2025 with 17% share, expected to grow at 5.8% CAGR due to strong industrial tool demand.

Polished

Polished CVD lab-grown diamonds dominate the jewelry industry, with over 60% of consumers showing interest in affordable and sustainable alternatives to mined stones. Rising acceptance in luxury jewelry brands is fueling higher penetration globally, making polished diamonds the largest segment.

Polished segment accounted for USD 10.35 Billion in 2025, representing 68% of the total market. This segment is anticipated to expand at a CAGR of 7.6% during 2025–2034, driven by increasing demand for bridal jewelry, fashion accessories, and luxury customization.

Top 3 Major Dominant Countries in the Polished Segment

• India led the Polished segment with a market size of USD 2.98 Billion in 2025, holding a 29% share and expected to grow at 7.8% CAGR due to its strong jewelry manufacturing base.
• United States captured USD 2.75 Billion in 2025, holding 27% share, growing at 7.5% CAGR as lab-grown jewelry gains consumer preference.
• United Kingdom registered USD 1.55 Billion in 2025 with 15% share, growing at 7.2% CAGR, supported by rising eco-conscious luxury buyers.

By Application

Online

The Online segment is growing rapidly, supported by digital marketplaces and direct-to-consumer sales models. Over 48% of millennials prefer buying diamonds online due to transparency, convenience, and competitive pricing, fueling rapid adoption of this channel.

Online segment reached USD 4.26 Billion in 2025, representing 28% of the global market. It is projected to grow at a CAGR of 8.2% from 2025 to 2034, driven by e-commerce penetration, social media marketing, and virtual jewelry trials.

Top 3 Major Dominant Countries in the Online Segment

• United States led the Online segment with USD 1.35 Billion in 2025, holding a 32% share and expected to grow at 8.5% CAGR due to strong e-commerce infrastructure.
• India registered USD 1.02 Billion in 2025, holding 24% share, projected to grow at 8.3% CAGR with booming online jewelry platforms.
• China posted USD 0.96 Billion in 2025, holding 22% share, expanding at 8.0% CAGR due to increasing digital adoption and young consumer base.

Special Store

Special Stores dominate CVD lab-grown diamond sales, holding a strong customer base for personalized luxury purchases. Around 55% of consumers still prefer to buy diamonds through offline specialty stores to ensure quality assurance and personal interaction.

Special Store segment stood at USD 6.55 Billion in 2025, representing 43% of the global market. It is projected to grow at a CAGR of 6.5% during 2025–2034, driven by brand outlets, exclusive designs, and customer loyalty programs.

Top 3 Major Dominant Countries in the Special Store Segment

• India led the Special Store segment with USD 1.98 Billion in 2025, holding a 30% share and growing at 6.7% CAGR due to its strong retail network.
• United States held USD 1.72 Billion in 2025, capturing 26% share, projected at 6.4% CAGR supported by luxury retail demand.
• Japan posted USD 0.95 Billion in 2025, holding 14% share, expanding at 6.2% CAGR driven by premium jewelry purchases.

Supermarket

Supermarkets have begun introducing affordable lab-grown diamond jewelry and accessories, catering to mid-income consumers. Around 12% of purchases are driven by this segment, showcasing potential for budget-conscious buyers.

Supermarket segment recorded USD 2.13 Billion in 2025, representing 14% of the total market. It is expected to expand at a CAGR of 6.0% during 2025–2034, supported by growing acceptance of everyday jewelry purchases.

Top 3 Major Dominant Countries in the Supermarket Segment

• China led the Supermarket segment with USD 0.65 Billion in 2025, holding 30% share and expected to grow at 6.1% CAGR due to retail penetration.
• United States reported USD 0.58 Billion in 2025, capturing 27% share, expanding at 5.9% CAGR driven by chain store adoption.
• Brazil contributed USD 0.37 Billion in 2025, holding 17% share, projected at 5.8% CAGR due to increasing middle-class demand.

Others

The Others category includes exhibitions, fairs, and customized B2B sales of lab-grown diamonds. Nearly 8% of global sales stem from this segment, serving niche markets and corporate buyers with tailored solutions.

Others segment accounted for USD 2.28 Billion in 2025, representing 15% of the global market. It is expected to grow at a CAGR of 7.1% during 2025–2034, driven by increasing B2B collaborations and personalized offerings.

Top 3 Major Dominant Countries in the Others Segment

• United Arab Emirates led the Others segment with USD 0.72 Billion in 2025, holding 32% share and projected at 7.4% CAGR due to luxury exhibitions.
• United States registered USD 0.65 Billion in 2025, holding 28% share, expected to grow at 7.0% CAGR driven by B2B sales events.
• Italy posted USD 0.45 Billion in 2025, capturing 20% share, expanding at 6.9% CAGR fueled by fashion and luxury fairs.

CVD Lab Grown Diamond Market Regional Outlook

The Global CVD Lab Grown Diamond Market, valued at USD 15.22 Billion in 2025, is projected to reach USD 28.15 Billion by 2034, registering a CAGR of 7.07%. Regionally, Asia-Pacific dominates with 38% share, followed by North America with 32%, Europe with 20%, and Middle East & Africa contributing 10%. Each region shows distinct growth drivers ranging from industrial adoption to jewelry consumption patterns.

North America

North America has emerged as a strong hub for CVD lab-grown diamonds, particularly in the jewelry sector, where over 62% of millennials show preference for sustainable options. Industrial demand is also increasing, accounting for nearly 28% of the regional market usage.

North America held a market size of USD 4.87 Billion in 2025, representing 32% of the total market. This region is expected to maintain consistent growth supported by rising eco-conscious buyers, luxury retail expansion, and advanced industrial applications.

North America - Major Dominant Countries in the Market

• United States led North America with a market size of USD 2.44 Billion in 2025, holding a 50% share due to strong jewelry retail and e-commerce channels.
• Canada recorded USD 1.21 Billion in 2025, capturing 25% share, driven by growing adoption in industrial and consumer segments.
• Mexico posted USD 0.91 Billion in 2025, representing 19% share, boosted by increasing jewelry demand among middle-income groups.

Europe

Europe represents a mature market, with growing penetration of lab-grown diamonds in luxury and sustainable fashion. Around 58% of European jewelry retailers now stock CVD diamonds, while industrial demand contributes to 22% of regional sales.

Europe accounted for USD 3.04 Billion in 2025, representing 20% of the total market. The region’s growth is supported by sustainable luxury demand, expansion of retail outlets, and rising adoption in automotive and electronics industries.

Europe - Major Dominant Countries in the Market

• United Kingdom led Europe with USD 1.06 Billion in 2025, holding 35% share, driven by sustainable luxury jewelry trends.
• Germany captured USD 0.91 Billion in 2025, holding 30% share, boosted by industrial adoption of CVD diamonds.
• France reported USD 0.61 Billion in 2025, representing 20% share, supported by fashion and luxury consumer markets.

Asia-Pacific

Asia-Pacific leads the global CVD Lab Grown Diamond Market, fueled by strong consumer demand and manufacturing. Nearly 45% of the jewelry produced in the region uses lab-grown diamonds, while industrial applications account for 35% of its usage.

Asia-Pacific held a market size of USD 5.78 Billion in 2025, representing 38% of the total market. The region’s leadership is driven by expanding jewelry manufacturing hubs, rising exports, and strong adoption in electronics and semiconductor sectors.

Asia-Pacific - Major Dominant Countries in the Market

• India led Asia-Pacific with USD 1.96 Billion in 2025, holding 34% share, supported by its strong jewelry production base.
• China recorded USD 1.68 Billion in 2025, representing 29% share, boosted by industrial adoption and high domestic demand.
• Japan posted USD 1.02 Billion in 2025, capturing 18% share, led by technology and consumer luxury sectors.

Middle East & Africa

Middle East & Africa is an emerging market for CVD lab-grown diamonds, with 64% of demand driven by luxury jewelry and exhibitions. Industrial usage is gradually increasing, contributing around 18% of the region’s share.

Middle East & Africa accounted for USD 1.52 Billion in 2025, representing 10% of the global market. Growth is supported by rising adoption in UAE luxury exhibitions, expanding retail networks, and increasing awareness of sustainable diamonds.

Middle East & Africa - Major Dominant Countries in the Market

• United Arab Emirates led with USD 0.55 Billion in 2025, holding 36% share, due to its luxury retail and jewelry exhibitions.
• Saudi Arabia registered USD 0.44 Billion in 2025, accounting for 29% share, supported by rising disposable income and consumer demand.
• South Africa reported USD 0.30 Billion in 2025, holding 20% share, led by strong industrial applications and retail demand.

List of Key CVD Lab Grown Diamond Market Companies Profiled

Investment Analysis and Opportunities in CVD Lab Grown Diamond Market

Investments in the CVD Lab Grown Diamond Market are rapidly increasing as nearly 42% of venture funding is directed towards sustainable luxury brands and green technology production units. Around 37% of investors are targeting industrial diamond applications in electronics and thermal management, while 28% are focused on expanding online jewelry platforms. Strategic partnerships are rising, with 33% of manufacturers collaborating with luxury retail brands to strengthen their consumer reach. Additionally, 40% of R&D spending is being channeled into advanced reactors and energy-efficient production systems, ensuring scalability. Emerging economies are capturing nearly 30% of fresh investments, reflecting future growth potential.

New Products Development

New product development in the CVD Lab Grown Diamond Market is centered on meeting both luxury and industrial demand. Nearly 46% of companies are introducing new polished jewelry lines, focusing on engagement rings and fashion collections. Around 35% of manufacturers have launched advanced industrial-grade diamonds for semiconductors and heat spreaders. Additionally, 29% of players are focusing on hybrid designs combining lab-grown diamonds with recycled metals for sustainable branding. More than 32% of new launches are aimed at online-exclusive collections to target younger demographics, while 26% are expanding into customized jewelry, reflecting evolving consumer behavior.

Recent Developments

• IIa Technologies Expansion: In 2024, IIa Technologies increased its production capacity by 22% through advanced CVD reactors, strengthening its global leadership position in premium diamond supply.
• Brilliant Earth Online Growth: Brilliant Earth expanded its e-commerce platform by 18%, integrating virtual try-on features and AI-based customization to enhance consumer shopping experiences.
• New Diamond Technology Innovation: The company introduced high-purity industrial-grade diamonds with 25% better thermal conductivity, targeting electronics and aerospace applications.
• WD Lab Grown Diamonds Sustainability Drive: WD Lab Grown Diamonds achieved a 30% reduction in energy consumption during CVD processes, positioning itself as a green manufacturer in 2024.
• Gemesis Product Portfolio Expansion: Gemesis Inc launched a new collection of luxury polished diamonds, capturing 20% additional consumer engagement through multi-channel distribution networks.

Report Coverage

The CVD Lab Grown Diamond Market report provides comprehensive insights into global size, segmentation, regional analysis, company profiles, and emerging opportunities. It evaluates the market valued at USD 15.22 Billion in 2025, projected to reach USD 28.15 Billion by 2034. By type, polished diamonds hold nearly 68% share, while rough accounts for 32%, showcasing distinct applications across jewelry and industrial sectors. By application, Special Stores lead with 43% share, Online follows with 28%, Supermarkets with 14%, and Others with 15%, collectively covering diverse distribution channels. Regionally, Asia-Pacific dominates with 38% share, followed by North America at 32%, Europe at 20%, and Middle East & Africa at 10%, summing up to 100% of the global share. The report also highlights key drivers such as 65% consumer preference for eco-friendly diamonds and 45% adoption in industrial electronics. Opportunities include 33% rise in partnerships between manufacturers and luxury brands, while challenges include 46% producers facing scalability issues. Company profiling includes major players like IIa Technologies, Brilliant Earth, Ada Diamonds, and WD Lab Grown Diamonds, offering detailed coverage of strategies, product launches, and market positioning. The study serves as a detailed resource for stakeholders, investors, and policymakers.