CVD Lgds to grow to $ 13.81 billion in 2025

The CVD lab-grown diamonds market size has grown strongly in recent years. It will grow from $12.75 billion in 2024 to $13.81 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to ethical and sustainable consumer choices, cost-effective alternatives, advancements in manufacturing processes, shift in consumer perception, and jewelry industry adoption.

The CVD lab-grown diamonds market size is expected to see strong growth in the next few years. It will grow to $19.99 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to sustainability concerns, marketing and branding strategies, innovations in design and customization, increasing acceptance by mainstream retailers, and regulatory support for sustainability.