Lab-grown diamonds are gaining an increasing share of the global diamond market each year, having accounted for 16 million carats of the new global supply in 2023, compared to the 112 million carats of newly-mined natural diamond supply that year. The lab-grown diamond supply is expected to further increase to over 25 million carats in 2025.
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.
Supply of natural and lab-grown diamonds worldwide in 2020 and 2023, with a forecast for 2025
(in million carats)
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Forbes. (September 24, 2024). Supply of natural and lab-grown diamonds worldwide in 2020 and 2023, with a forecast for 2025 (in million carats) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Forbes. "Supply of natural and lab-grown diamonds worldwide in 2020 and 2023, with a forecast for 2025 (in million carats)." Chart. September 24, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Forbes. (2024). Supply of natural and lab-grown diamonds worldwide in 2020 and 2023, with a forecast for 2025 (in million carats). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Forbes. "Supply of Natural and Lab-grown Diamonds Worldwide in 2020 and 2023, with a Forecast for 2025 (in Million Carats)." Statista, Statista Inc., 24 Sep 2024, https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
Forbes, Supply of natural and lab-grown diamonds worldwide in 2020 and 2023, with a forecast for 2025 (in million carats) Statista, https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/ (last visited December 21, 2024)
Supply of natural and lab-grown diamonds worldwide in 2020 and 2023, with a forecast for 2025 (in million carats) [Graph], Forbes, September 24, 2024. [Online]. Available: https://www.statista.com/statistics/1078280/global-market-volume-of-lab-grown-diamonds/
