Lab-grown diamonds are gaining an increasing share of the global diamond market each year, and with that, the volume of lab-grown diamonds produced is growing. The market volume is expected to amount to about 19.2 million carats in 2030. Lab-grown diamonds, also known as synthetic diamonds, have the same physical properties of natural diamonds because they are created in a lab using a process that replicates the natural diamond growing process, but takes weeks rather than billions of years.
Market volume of lab-grown diamonds worldwide from 2009 to 2030
(in million carats)
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Market volume in million carats
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Statista. (December 3, 2019). Market volume of lab-grown diamonds worldwide from 2009 to 2030 (in million carats) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Statista. "Market volume of lab-grown diamonds worldwide from 2009 to 2030 (in million carats)." Chart. December 3, 2019. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Statista. (2019). Market volume of lab-grown diamonds worldwide from 2009 to 2030 (in million carats). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Statista. "Market Volume of Lab-grown Diamonds Worldwide from 2009 to 2030 (in Million Carats)." Statista, Statista Inc., 3 Dec 2019, https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Statista, Market volume of lab-grown diamonds worldwide from 2009 to 2030 (in million carats) Statista, https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/ (last visited July 27, 2024)
Market volume of lab-grown diamonds worldwide from 2009 to 2030 (in million carats) [Graph], Statista, December 3, 2019. [Online]. Available: https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/