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October 1, 2025DMCC: Global lab-grown diamond market to reach $100 billion by 2032
At the second edition of the Lab-Grown Diamond (LGD) Symposium, the DMCC revealed its latest market projections that the global lab-grown diamond market is set to grow to $60-100 billion by 2032, and Dubai is standing as one of the world’s leading diamond trade hubs and a destination for pragmatic innovation.
The event, hosted under the theme “From Mass to Meaning: Creativity, Technology and Transformation in Lab-Grown Diamonds”, brought over 150 global leaders together to explore how lab-grown diamonds are moving beyond jewellery to power next-generation technologies and open new creative frontiers in fashion and consumer products.
The DMCC noted that Dubai stands as a key enabler of unlocking growth tracks in the lab-grown diamond industry, which is being driven by three clear forces: expansion in jewellery and lifestyle markets, continued industrial demand and the rapid emergence of high-technology applications.
