Lab-Grown Diamonds Market Surges as Sustainable Luxury Redefines the Global Jewelry Industry

The global lab-grown diamond market is witnessing rapid expansion, driven by rising consumer preference for sustainable luxury, increasing acceptance of ethical jewellery, and technological advancements in diamond synthesis. Countries such as China, India, Japan, South Korea, and Australia are emerging as key growth contributors, supported by expanding jewellery manufacturing hubs, rising disposable incomes, and growing awareness of conflict-free alternatives to mined diamonds.

Lab-grown diamonds also known as synthetic or cultured diamonds are chemically, physically, and optically identical to natural diamonds but are produced using advanced technologies such as Chemical Vapor Deposition (CVD) and High-Pressure High-Temperature (HPHT) methods. Their lower environmental impact, transparent sourcing, and cost advantages are significantly reshaping consumer buying behaviour across Asia Pacific.

 


Market Overview

The Global lab-grown diamond market is projected to reach USD 38.6 billion by 2030, up from USD 18.9 billion in 2025, growing at a CAGR of 15.3% from 2025 to 2030.

Market growth is driven by:

  • Rising demand for ethical and sustainable jewellery
  • Increasing adoption of lab-grown diamonds in fashion and bridal jewellery
  • Technological improvements reducing production costs
  • Expanding use of lab-grown diamonds in industrial and electronics applications

Additionally, strong growth in e-commerce jewellery platforms, customization trends, and increasing penetration of premium yet affordable luxury products are accelerating adoption across both developed and emerging Asia Pacific markets.

 

Asia Pacific Lab-Grown Diamond Market Growth Drivers

Rising Demand for Sustainable & Ethical Luxury

Consumers especially millennials and Gen Z are increasingly prioritizing sustainability, traceability, and ethical sourcing. Lab-grown diamonds eliminate concerns related to mining practices, environmental degradation, and conflict sourcing, making them highly attractive in Asia Pacific’s evolving luxury market.

Expanding Jewellery Manufacturing Base

India and China are major global centers for diamond cutting, polishing, and jewellery manufacturing. The integration of lab-grown diamonds into these ecosystems is significantly accelerating regional production and export volumes.

Price Advantage Over Natural Diamonds

Lab-grown diamonds are typically 30–50% more affordable than mined diamonds of comparable quality, enabling wider consumer access to premium jewellery without compromising on aesthetics or durability.

Growth of E-Commerce & Custom Jewellery

Online jewellery platforms are driving market penetration by offering customization, transparency, and competitive pricing. Virtual try-ons and digital certification further enhance consumer confidence.

Increasing Industrial & Technological Applications

Beyond jewellery, lab-grown diamonds are increasingly used in electronics, semiconductors, optics, cutting tools, and thermal management, expanding the addressable market across multiple industries.

 

India: Fastest-Growing Market in Asia Pacific

India is expected to register the highest CAGR in the Asia Pacific lab-grown diamond market during the forecast period. Growth is driven by:

  • Strong government support for lab-grown diamond manufacturing
  • Rising domestic demand for affordable luxury jewellery
  • Established diamond processing infrastructure
  • Increasing exports to North America and Europe

India’s positioning as both a manufacturing and consumption hub makes it a strategic growth engine for the regional market.

 

Key Companies in the Asia Pacific Lab-Grown Diamond Market

  • De Beers Group (UK)
  • WD Lab Grown Diamonds (India)
  • Adamas One Corp. (US)
  • Pure Grown Diamonds (US)
  • IIa Technologies (Singapore)
  • New Diamond Technology (Russia)
  • Henan Huanghe Whirlwind (China)
  • Greenlab Diamonds (India)
  • Brilliant Earth (US)

These players are investing in capacity expansion, branding, certification transparency, and global distribution partnerships to strengthen their regional presence.

 

Future Opportunities & Market Outlook

The future of the Asia Pacific lab-grown diamond market lies in:

  • Personalized and custom jewellery designs
  • Expansion into bridal and luxury fashion segments
  • Advanced CVD and HPHT production efficiency
  • Industrial-grade diamond applications
  • Sustainability-focused branding and certification

Manufacturers that combine technological innovation, cost efficiency, ethical positioning, and strong consumer trust will gain a decisive competitive advantage in the coming decade.

 

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