CVD Lab-Grown Diamonds Market Size Worth USD 25.58 Billion by 2034 | CAGR: 6.9%

The CVD lab-grown diamonds market size is expected to reach USD 25.58 billion by 2034, according to a new study by Polaris Market Research. The report “CVD Lab-Grown Diamonds Market Share, Size, Trends, Industry Analysis Report: By Type (Rough and Polished), Color, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

CVD lab-grown diamonds are high-purity synthetic diamonds created through a controlled chemical vapor deposition process, offering a sustainable and customizable alternative to mined diamonds. One of the CVD lab-grown diamonds market trends is the rising demand for personalized and bespoke jewelry, as consumers seek unique, ethically sourced diamonds that align with their preferences. Advancements in CVD technology allow for precise customization in terms of size, shape, and quality, catering to the growing demand for individuality in luxury products. Additionally, increasing consumer awareness regarding the ethical and environmental benefits of lab-grown diamonds is driving the CVD lab-grown diamonds market growth, positioning them as a preferred choice in both fine jewelry and industrial applications. 

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Another key trend propelling the CVD lab-grown diamonds market demand is the integration of artificial intelligence (AI) and automation in the diamond synthesis and grading process. AI-driven innovations improve production efficiency, enabling the creation of high-quality diamonds with minimal variations, thus improving consistency and scalability. Automated grading technologies further support market growth by ensuring accurate quality assessment and streamlining certification processes. These advancements contribute to cost reductions as technology continues to evolve, making CVD diamonds more accessible to a broader consumer base. The convergence of AI and automation with CVD production is expected to redefine industry standards, further strengthening market expansion.

Top of FormCVD Lab-Grown Diamonds Market Report Highlights

• In terms of color, the colorless segment led the CVD lab-grown diamonds market share in 2024, driven by its high demand in both the jewelry and industrial sectors.
• Based on type, the rough segment is anticipated to experience the fastest growth during the forecast period, fueled by its growing use in industrial applications and jewelry manufacturing processes.
• North America accounted for the largest share of the CVD lab-grown diamonds market revenue in 2024, supported by strong consumer demand, technological advancements, and a well-established jewelry industry.
• The Asia Pacific market is expected to witness the fastest growth during the forecast period, driven by increasing industrial applications and rising consumer demand for sustainable diamond alternatives.
• A few global key market players include ABD Diamonds; Anjali Diamonds Pvt Ltd; BHANDERI LAB GROWN DIAMONDS; De Beers plc; Delaware Diamond Knives, Inc.; Hebei Plasma Diamond Technology Co., Ltd.; IIa Technologies; Ritani; Shanghai Zhengshi Technology; SP3 Technologies LLP; and VIBRANIUM LAB.

Polaris Market Research has segmented the CVD lab-grown diamonds market report on the basis of type, color, application, and region:

By Type Outlook (Revenue, USD Billion, 2020–2034)

• Rough
• Polished

By Color Outlook (Revenue, USD Billion, 2020–2034)

• Colored
• Colorless

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Machine and Cutting tools
• Heat Sinks & Exchangers
• Optical, Laser and X-ray
• Electronics
• Healthcare Instruments
• Gemstone
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

CVD Lab-Grown Diamonds Market Report Scope