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Report: Synthetic Diamond Market to Grow Significantly by 2027

The global synthetic diamond market will reach a valuation of $34.3 billion by 2027
LGD seed lab diamonds
Credit: Lightbox Jewelry

A new report published by global market intelligence company Transparency Market Research predicts that the global synthetic diamond market will grow in the next few years to reach a valuation of $34.3 billion by 2027.

 

Synthetic Diamonds
Credit: Sergei Lazon

 

The report also states that the market will enjoy a compound annual growth rate (CAGR)of 7.2% during the forecast period (2019-2027). The analysis states that “players are experiencing increasing demand for synthetic diamond owing to its many properties such as thermal conductivity, electron mobility, and hardness.”

 

Lightbox Jewelry lab diamonds
Credit: Lightbox Jewelry

 

According to the report, the key players operating in the global synthetic diamond market are Element Six, Applied Diamond Inc., Sandvik AB, New Diamond Technology, ILJIN co., HEYARU GROUP, Henan Huanghe Whirlwind and Zhengzho.

 

Access the full report here



Tags: Diamonds News, Jewelry News, Synthetic Diamonds News

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