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CVD Lab-grown Diamonds Market Share

Report ID: GMI11348
Published Date: Sep 2024
Report Format: PDF

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CVD Lab-Grown Diamonds Market Share

CVD Lab-grown Diamonds Market Company Share, (2023)

The CVD lab-grown diamonds industry features key players such as De Beers Group, Bhanderi Lab Grown Diamonds LLP, Sumitomo Electric Industries, Ltd., SP3 Diamond Technologies, and Hebei Plasma Diamond Technology Co., Ltd., each contributing significantly to the industry's growth and innovation. De Beers Group, traditionally known for natural diamonds, has expanded into the lab-grown segment, leveraging its brand strength to tap into new market opportunities. Bhanderi Lab Grown Diamonds LLP is a prominent name in the Indian market, focusing on producing high-quality lab-grown diamonds with advanced technology.

Sumitomo Electric Industries, Ltd., a global leader in various industrial sectors, brings its expertise in advanced materials to the lab-grown diamond market, particularly for industrial applications. SP3 Diamond Technologies is recognized for its cutting-edge innovations in diamond synthesis, catering to both industrial and gemstone markets. Hebei Plasma Diamond Technology Co., Ltd., based in China, is a significant player, capitalizing on the growing demand for lab-grown diamonds in the Asian market, with a strong focus on research and development to enhance product quality and production efficiency. Together, these companies are driving the expansion and acceptance of CVD lab-grown diamonds globally.

CVD Lab-Grown Diamonds Market Share

Major players operating in the market include:

De Beers Group
Bhanderi Lab Grown Diamonds LLP
Sumitomo Electric Industries, Ltd.
SP3 Diamond Technologies
Hebei Plasma Diamond Technology Co., Ltd.
Delaware Diamond Knives, Inc.
ABD Diamonds Pvt. Ltd.
CVD Diamond Inc.
Vibranium Lab
Shanghai Zhengshi Technology Co., Ltd.
Ritani
Nova Diamant
Grown Diamond Corporation
EDP Corporation
Tomei Diamond Corporation

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The CVD lab-grown diamonds market was valued at around USD 13.3 billion in 2023 and is anticipated to register over 7.4 % CAGR between 2024 and 2032, fueled by technological advancements and changing consumer preferences.

The polished CVD lab-grown diamonds segment accounted for USD 7.7 billion in 2023 and will attain a value of over 14.8 USD billion by 2032, fueled by advancements in cutting and polishing techniques, which ensure that these diamonds exhibit exceptional brilliance and clarity.

Asia Pacific market generated a revenue of USD 5 Billion in 2023 and will reach USD 9.5 billion by 2032, driven by the rapidly expanding middle class, particularly in countries like China and India.

De Beers Group, Bhanderi Lab Grown Diamonds LLP, Sumitomo Electric Industries, Ltd, SP3 Diamond Technologies, Hebei Plasma Diamond Technology Co., Ltd, Delaware Diamond Knives, Inc, ABD Diamonds Pvt. Ltd. among others.