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Report: LGD Market to Reach $49.9 Billion by 2030

The market will enjoy an annual growth rate of 9.4%
LGD seed lab diamonds
Credit: Lightbox Jewelry

A new report published by Allied Market Research and quoted by Rough & Polished expects the global lab grown diamonds market to reach $49.9 billion by 2030, registering a CAGR (compound annual growth rate) of 9.4% from 2021 to 2030.

 

Synthetic Diamonds
Credit: Sergei Lazon

 

The report, titled “Lab Grown Diamonds Market by Manufacturing Method, Size, Nature, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” says that the market was valued at $19.3 billion in 2020.

 

Rough HPHT synthetic diamond
Credit: Sergei Lazon

 

A report recently published by global market intelligence company Transparency Market Research predicted that the global synthetic diamond market will grow to reach a valuation of $34.3 billion by 2027. The report also states that the market will enjoy a compound annual growth rate (CAGR)of 7.2% during the forecast period (2019-2027).



Tags: Diamonds News, Diamond Industry News, Synthetic Diamonds News

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