China is by far the world's largest producer of lab-grown diamonds, accounting for an estimated 56 percent of the global lab-grown diamond market based on production in 2019. Lab-grown diamonds are chemically and structurally identical to naturally occurring diamonds, but can be produced in labs within weeks rather than billions of years. They also cost approximately 30 to 40 percent less than natural diamonds.
Market share of lab-grown diamonds worldwide in 2019, by country
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SCMP. (July 29, 2019). Market share of lab-grown diamonds worldwide in 2019, by country [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1077662/global-market-share-lab-grown-diamonds-by-country/
SCMP. "Market share of lab-grown diamonds worldwide in 2019, by country." Chart. July 29, 2019. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1077662/global-market-share-lab-grown-diamonds-by-country/
SCMP. (2019). Market share of lab-grown diamonds worldwide in 2019, by country. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1077662/global-market-share-lab-grown-diamonds-by-country/
SCMP. "Market Share of Lab-grown Diamonds Worldwide in 2019, by Country." Statista, Statista Inc., 29 Jul 2019, https://www.statista.com/statistics/1077662/global-market-share-lab-grown-diamonds-by-country/
SCMP, Market share of lab-grown diamonds worldwide in 2019, by country Statista, https://www.statista.com/statistics/1077662/global-market-share-lab-grown-diamonds-by-country/ (last visited July 27, 2024)
Market share of lab-grown diamonds worldwide in 2019, by country [Graph], SCMP, July 29, 2019. [Online]. Available: https://www.statista.com/statistics/1077662/global-market-share-lab-grown-diamonds-by-country/