Lab-Grown Diamonds Redefine Global Jewelry Market, Disrupting $44.5 Billion Industry

Coherent Market Insights projects the global lab-grown diamond market will surge from $27.7 billion in 2025 to $44.5 billion by 2032, a jump Caratx framed as “about a 60% increase in just seven years, underpinned by a robust Compound Annual Growth Rate (CAGR) of 7%.” Archit Mohanty’s Caratx piece on Sept. 2, 2025, adds that “The very foundation of the diamond industry is undergoing a transformation more profound than any seen in over a century,” capturing the scale of change retailers and designers are confronting.

Not every forecast aligns. Kiradiam cites S&S Insider in projecting a larger target of USD 60.51 billion by 2032, underscoring how different methodologies yield divergent end points for the same year. The discrepancy leaves a wide range for planners: CMI’s baseline includes a clear 2025 figure and a stated CAGR, while S&S Insider’s $60.51 billion appears as a standalone projection in Kiradiam’s industry copy.

Price economics are central to the recalibration. Caratx reports lab-grown stones typically offer a 20-40% price advantage over mined equivalents, a gap that lets consumers choose larger carat weights, higher color or clarity grades, or more intricate settings for the same budget, or reallocate savings toward buying a home or travel. That calculus is reshaping bridal buying where size and grade have long been proxies for value.

Quality and technology underpin the market’s credibility. Revediamonds’ Alistair Knight states plainly, “Lab-grown diamonds are not synthetic simulants like cubic zirconia; they are real diamonds with identical composition and beauty to mined diamonds.” Univdatos likewise notes manufacturers use advanced processes that mimic natural diamond formation, and highlights the rapid rise of colored lab-grown stones — pink, blue, yellow, and green — as an unexpected trend expanding design options for bridal collections.

Consumer drivers are consistent across sources: younger, eco-conscious buyers and style-savvy shoppers are shifting demand. A Forbes Councils op‑ed dated Feb. 12, 2026, argues lab-grown stones are “moving beyond a niche — driven by rapidly improving production, lower price points, and younger buy” and positions that shift alongside sustainability claims quoted by Univdatos as offering “a sustainable, conflict-free alternative to mined diamonds.”

Market adoption varies by region. Marketresearchfuture estimates Europe holds roughly 25% of global share with the UK around 10%, while Middle East and Africa combined currently represent about 10% with the UAE named as a leader; the report also flags limited awareness and cultural perceptions as barriers in that region. Industry response ranges from legacy players offering both mined and lab-grown lines to Marketresearchfuture’s note that De Beers Group and Vrai are investing in marketing and technology.

For jewelers and bridal designers the implications are immediate: Kiradiam urges action—“If you’re in the jewelry business, now is the time to explore lab-grown diamonds,” and adds, “With Kira leading the way, the future of luxury jewelry is bright, beautiful, and ethical.” Between competing forecasts, clear price advantages, and new product possibilities such as colored lab-grown stones, bridal teams must weigh data, supplier claims, and regional demand as they redesign assortments for the next decade.