Market Overview

The Global Synthetic Diamond Market was valued at USD 24,291.8 million in 2023 and is expected to reach USD 42,050.9 million by 2031 while growing at a CAGR of 7.1% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global synthetic diamond market growth. A synthetic diamond also referred to as a lab-grown, man-made, or cultured diamond, is produced in a laboratory instead of forming naturally in the Earth's mantle. Despite their controlled environment creation, synthetic diamonds possess identical chemical composition, crystal structure, and physical properties as natural diamonds.

Increasing global demand for synthetic diamonds is driven by technological advancements, and ethical, & environmental concerns. Despite this growth, challenges such as consumer perception, market acceptance, and price volatility, along with production costs, could potentially hinder market expansion.

Furthermore, the global synthetic diamond industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Synthetic Diamond Market is segmented among Polished, and Rough, based on Type. In 2023, Polished accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Manufacturing Process Analysis

The Global Synthetic Diamond Market is segmented among High Pressure, High Temperature, and Chemical Vapor Deposition, based on Manufacturing Process. In 2023, High Pressure, High Temperature accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Synthetic Diamond Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Adamas One Corp., Applied Diamond Inc, Element Six Ltd, Henan Huanghe Whirlwind Co., Ltd., ILJIN DIAMOND CO., LTD., New Diamond Technology, Pure Grown Diamonds (PGD), Sumitomo Electric Industries, Ltd., Swarovski, and Zhengzhou Sino-Crystal Diamond Co., Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Synthetic Diamond Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Synthetic Diamond Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Synthetic Diamond Market Segmentation, By Type 

• Global Synthetic Diamond Market Share Analysis, By Type 

• Global Synthetic Diamond Market Growth Analysis, By Type 

• Global Synthetic Diamond Market Trends, By Type 

o Polished

Ø Jewelry

Ø Electronics

Ø Healthcare

Ø Other

o Rough

Ø Mining

Ø Oil and Gas

Ø Other

6. Global Synthetic Diamond Market Segmentation, By Manufacturing Process

• Global Synthetic Diamond Market Share Analysis, By Manufacturing Process

• Global Synthetic Diamond Market Growth Analysis, By Manufacturing Process

• Global Synthetic Diamond Market Trends, By Manufacturing Process

o High Pressure, High Temperature (HPHT)

o Chemical Vapor Deposition

7. Global Synthetic Diamond Market Segmentation, By Region

• Global Synthetic Diamond Market Share Analysis, By Region

• Global Synthetic Diamond Market Growth Analysis, By Region

• Global Synthetic Diamond Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Adamas One Corp.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Applied Diamond Inc 

• Element Six Ltd

• Henan Huanghe Whirlwind Co., Ltd.

• ILJIN DIAMOND CO., LTD.

• New Diamond Technology

• Pure Grown Diamonds (PGD)

• Sumitomo Electric Industries, Ltd.

• Swarovski

• Zhengzhou Sino-Crystal Diamond Co., Ltd

 *Similar analysis will be provided for each company listed above.