CVD Lab-grown Diamonds Market by Type (Rough, Polished), Color, Application (Machine & Cutting Tools; Heat Sinks & Exchangers; Optical, Laser, & X-ray; Electronics; Healthcare Instruments; Gemstone), and Region - Global Forecast to 2027

Abstract
The CVD lab-grown diamonds market is projected to grow from USD 11.3 billion in 2022 to USD 15.9 billion by 2027, at a CAGR of 7.1% from 2022 to 2027. The global market for CVD lab-grown diamonds is driven by the considerably low cost of these gems along with the lower environmental impact caused during the CVD manufacturing process as compared to the mining of natural diamonds.

“By type, the rough diamonds segment is projected to be the largest through the forecast period.”

Based on type, the rough segment is projected to hold the largest share through the forecast period. This dominance is attributed to the identical properties of CVD diamonds as compared to mined diamonds, making them suitable for the development of industrial tools for cutting and abrasive applications. In fact, according to the US Geological Survey, about 99% of the industrial diamond tools manufactured in the US are developed using CVD lab-grown diamond technology. Rough diamonds are not only used in abrasive applications but are also utilized in electronics and healthcare applications. With the demand growing in the nanoelectronics and quantum electronics sectors, the market prospects of this segment are projected to brighten through the forecast period.

“The colored segment is projected to grow at the highest CAGR during the forecast period.”

Based on the color, the colored segment is projected to grow at the highest CAGR during the forecast period. Colored diamonds are sought by consumers for differentiating their jewelry from commonly available colorless counterparts. Thus. colored CVD lab-grown diamonds are swiftly gaining popularity as gemstones. As greater control could be exerted during the production of CVD lab-grown diamonds, these diamonds could be rightly colored as per the requirement of the client. Some optic companies require specifically colored diamonds for state-of-the-art applications, which shall further lead to a push in demand for colored CVD diamonds in the global market.

“The machine & cutting tools segment shall account for maximum demand for CVD lab-grown diamonds.”

Based on the application, the machine & cutting tolls segment is estimated to account for the largest share through the forecast period. Diamond classifies as one of the strongest naturally available materials to mankind, with a score of 10 on Mohs hardness scale. Hence, it is largely being used for machining and cutting other high-strength materials such as metals, plastics, and ceramics. However, as CVD lab-grown diamonds are considerably cheaper and are produced with higher control on quality in about 2-3 months as compared to the centuries required for natural diamonds, they are swiftly replacing mined diamonds in abrasive application areas.

“North America is projected to be the largest regional market for CVD lab-grown diamond during the forecast period.”

North America is projected to hold the dominant share in the CVD lab-grown diamond market through the forecast period. The US is the largest consumer of CVD lab-grown diamonds owing to rising demand from both industrial as well as gemstone sectors. The US is one of the largest manufacturing countries for cutting & machine tools. Also, the automotive and aerospace industries in the region have presented large demand for diamond tools for cutting and shaping materials such as carbon fiber-reinforced plastics (CFRP).

On the other hand, owing to their lower cost, the millennial generation in the US has started considering the purchase of CVD diamonds for their jewelry products. According to a survey by Natural Diamond Council (NDC), about 70% of the millennials and gen Z are considering buying lab-grown diamonds for their engagement rings and jewelry creations. Thus, it is projected that the demand for CVD lab-grown diamonds shall further inflate through the forecast period.

Profile break-up of primary participants for the report:
•By Company Type: Tier 1 – 50%, Tier 2 – 35%, and Tier 3 – 15%
•By Designation: C-level Executives – 38%, Directors – 45%, and Others – 17%
•By Region: North America – 30%, Europe – 24%, Asia Pacific – 34%, Middle East & Africa – 8%, and South America – 4%

The CVD lab-grown diamonds market is quite fragmented with a large number of regional players operating in the market. Key players operating in the market include De Beers (UK), Sumitomo Electric Industries Ltd. (Japan), Goldiam (India), and Adamas One Corp. (US). A few other key players operating in the market are Bhanderi Lab-grown Diamonds LLP (India), Hebei Plasma Diamond Technology Co., Ltd. (China), SP3 Diamond Technologies (US), Delaware Diamond Knives, Inc. (US), EDP Corporation (Japan), Tomei Diamond Corporation (Japan), Heyaru (Belgium), Beijing Worldia Diamond Tools Co., Ltd. (China), Ritani (US), and Shanghai Zhengshi Technology Co., Ltd. (China).

Research Coverage:
The report defines, segments, and projects the size of the CVD lab-grown diamonds market based on type, color, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also analyzes competitive developments, such as agreements, acquisitions, and new product developments undertaken by them in the market.

Reasons to Buy the Report:
This report is expected to help market leaders/new entrants by providing them with the closest approximations of revenue numbers of the CVD lab-grown diamond market and its segments. The report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and devise suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION24
1.3INCLUSIONS AND EXCLUSIONS25
TABLE 1CVD LAB-GROWN DIAMONDS MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS25
TABLE 2CVD LAB-GROWN DIAMONDS MARKET, BY COLOR: INCLUSIONS AND EXCLUSIONS25
TABLE 3CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS25
TABLE 4CVD LAB-GROWN DIAMONDS MARKET, BY REGION: INCLUSIONS AND EXCLUSIONS26
1.4MARKET SCOPE27
1.4.1CVD LAB-GROWN DIAMONDS MARKET SEGMENTATION27
1.4.2REGIONS COVERED27
1.4.3YEARS CONSIDERED28
1.5CURRENCY CONSIDERED28
1.6UNITS CONSIDERED28
1.7LIMITATIONS28
1.8STAKEHOLDERS29
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 1CVD LAB-GROWN DIAMONDS MARKET: RESEARCH DESIGN30
2.1.1SECONDARY DATA31
2.1.1.1Key data from secondary sources31
2.1.2PRIMARY DATA32
2.1.2.1Key data from primary sources32
2.1.2.2List of participating companies for primary research33
2.1.2.3Key industry insights33
2.1.2.4Breakdown of primary interviews34
FIGURE 2BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY, DESIGNATION, AND REGION34
2.2BASE NUMBER CALCULATION34
2.2.1SUPPLY-SIDE APPROACH35
FIGURE 3BASE NUMBER CALCULATION METHODOLOGY: SUPPLY–SIDE APPROACH (VOLUME)35
2.2.2DEMAND-SIDE APPROACH36
FIGURE 4BASE NUMBER CALCULATION METHODOLOGY: DEMAND–SIDE APPROACH (VOLUME)36
2.3MARKET SIZE ESTIMATION36
FIGURE 5MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH37
FIGURE 6MARKET SIZE ESTIMATION: TOP-DOWN APPROACH37
2.4DATA TRIANGULATION38
FIGURE 7MARKET BREAKDOWN AND DATA TRIANGULATION38
2.5CVD LAB-GROWN DIAMONDS: RECESSION IMPACT39
2.6RESEARCH ASSUMPTIONS39
2.7RESEARCH LIMITATIONS39
3EXECUTIVE SUMMARY40
FIGURE 8ROUGH DIAMONDS TO HOLD LARGEST SHARE OF CVD LAB-GROWN DIAMONDS, BY TYPE41
FIGURE 9COLORED DIAMONDS TO REGISTER HIGHEST GROWTH IN CVD LAB-GROWN DIAMONDS MARKET, BY COLOR42
FIGURE 10CUTTING & MACHINE TOOLS TO DOMINATE APPLICATIONS MARKET43
FIGURE 11NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 202144
4PREMIUM INSIGHTS45
4.1ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN CVD LAB-GROWN DIAMONDS MARKET45
FIGURE 12LOW CARBON FOOTPRINT OF MANUFACTURING PROCESS TO DRIVE DEMAND FOR CVD LAB-GROWN DIAMONDS45
4.2CVD LAB-GROWN DIAMONDS MARKET GROWTH, BY TYPE45
FIGURE 13ROUGH DIAMONDS TO LEAD OVERALL MARKET45
4.3CVD LAB-GROWN DIAMONDS MARKET, BY COLOR46
FIGURE 14COLORLESS DIAMONDS TO DOMINATE MARKET BY 2027 (THOUSAND CARATS)46
4.4CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION46
FIGURE 15GEMSTONES TO REGISTER HIGHEST MARKET GROWTH RATE46
4.5NORTH AMERICA LAB-GROWN DIAMONDS MARKET, BY APPLICATION AND COUNTRY, 202147
FIGURE 16CUTTING & MACHINE TOOLS SEGMENT AND US TO LEAD NORTH AMERICAN MARKET47
4.6CVD LAB-GROWN DIAMONDS MARKET: MAJOR COUNTRIES47
FIGURE 17CHINA TO BE FASTEST-GROWING MARKET (2022–2027)47
5MARKET OVERVIEW48
5.1INTRODUCTION48
5.2MARKET DYNAMICS48
FIGURE 18CVD LAB-GROWN DIAMONDS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES48
5.2.1DRIVERS49
5.2.1.1Growing interest in CVD lab-grown diamonds in gem and jewelry sectors49
FIGURE 19PREDICTED GROWTH OF LAB-GROWN DIAMONDS SHARE49
5.2.1.2Affordability over naturally mined diamonds49
FIGURE 20PRICES OF LAB-GROWN DIAMONDS RELATIVE TO NATURAL DIAMONDS50
5.2.1.3Better control over impurities50
5.2.2RESTRAINTS50
5.2.2.1Unclear long-term value50
FIGURE 21LAB-GROWN DIAMOND PRICE INDEX, 2018–202251
5.2.2.2Lack of perceived allure and unfavorable customer outlook51
5.2.3OPPORTUNITIES51
5.2.3.1Potential applications in quantum devices and semiconductors51
5.2.4CHALLENGES52
5.2.4.1Resistance from jewelers and traders52
5.2.4.2Challenges in CVD diamond manufacturing process52
5.3PORTER’S FIVE FORCES ANALYSIS53
FIGURE 22CVD LAB-GROWN DIAMONDS MARKET: PORTER’S FIVE FORCES ANALYSIS53
5.3.1BARGAINING POWER OF SUPPLIERS53
5.3.2THREAT OF NEW ENTRANTS53
5.3.3THREAT OF SUBSTITUTES54
5.3.4BARGAINING POWER OF BUYERS54
5.3.5INTENSITY OF COMPETITIVE RIVALRY54
5.4KEY STAKEHOLDERS & BUYING CRITERIA54
5.4.1KEY STAKEHOLDERS IN BUYING PROCESS54
FIGURE 23INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR KEY INDUSTRIAL SEGMENTS54
TABLE 5INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR KEY INDUSTRIAL APPLICATIONS (%)55
5.4.2BUYING CRITERIA55
FIGURE 24KEY BUYING CRITERIA, BY APPLICATION55
TABLE 6KEY BUYING CRITERIA, BY APPLICATION56
6INDUSTRIAL TRENDS57
6.1HISTORY OF LAB-GROWN DIAMONDS57
6.2DIAMOND INDUSTRY TRANSFORMATION: ASSESSMENT OF SHORT-TERM AND LONG-TERM IMPACT FACTORS57
6.3VALUE CHAIN ANALYSIS58
FIGURE 25CVD LAB-GROWN DIAMONDS MARKET: VALUE CHAIN ANALYSIS58
6.4TECHNOLOGY ANALYSIS58
6.4.1DIAMOND FORMATION TECHNOLOGY58
6.4.2AI TECHNOLOGY FOR DIAMOND CLARITY GRADING59
6.4.3BLOCKCHAIN TECHNOLOGY IN DIAMOND INDUSTRY59
6.5ECOSYSTEM ANALYSIS59
FIGURE 26ECOSYSTEM MAPPING: CVD LAB-GROWN DIAMONDS MARKET59
TABLE 7CVD LAB-GROWN DIAMONDS MARKET ECOSYSTEM60
6.6CASE STUDY ANALYSIS61
6.6.1STUDY ON MILLENNIAL CONSUMER BEHAVIOR61
6.6.1.1Objective61
6.6.1.2Solution statement61
6.7PATENT ANALYSIS61
6.7.1PATENT PUBLICATION TRENDS61
FIGURE 27NUMBER OF PATENTS YEAR-WISE (2014-2022)61
6.7.2INSIGHTS62
6.7.3JURISDICTION ANALYSIS62
FIGURE 28CHINA ACCOUNTED FOR HIGHEST NUMBER OF PATENTS FROM 2014–202262
6.7.4TOP COMPANIES/APPLICANTS63
FIGURE 29TOP TEN COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS63
6.7.4.1List of major patents63
6.8KEY CONFERENCES & EVENTS IN 2022–202364
TABLE 8CVD LAB-GROWN DIAMONDS MARKET: DETAILED LIST OF CONFERENCES & EVENTS64
6.9REGULATORY LANDSCAPE65
6.9.1KEY DIAMOND CERTIFICATION LABS65
6.9.2REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS65
6.10TREND/DISRUPTION IMPACT66
FIGURE 30REVENUE SHIFTS AND NEW REVENUE POCKETS FOR CVD LAB-GROWN DIAMONDS MARKET66
6.11TRADE DATA STATISTICS67
TABLE 9INDIA: LAB-GROWN DIAMOND EXPORT DATA (USD MILLION)67
TABLE 10US: LAB-GROWN DIAMOND IMPORT DATA (THOUSAND CARATS)67
6.12AVERAGE SELLING PRICE ANALYSIS68
FIGURE 31AVERAGE SELLING PRICE OF CVD LAB-GROWN DIAMONDS, BY REGION (USD THOUSAND/CARAT)68
TABLE 11AVERAGE PRICES OF CVD LAB-GROWN DIAMONDS, BY REGION (USD THOUSAND/CARAT)68
TABLE 12AVERAGE PRICES OF CVD LAB-GROWN DIAMONDS, BY TYPE (USD THOUSAND/CARAT)68
TABLE 13AVERAGE PRICES OF CVD LAB-GROWN DIAMONDS, BY APPLICATION (USD THOUSAND/CARAT)69
7CVD LAB-GROWN DIAMONDS MARKET, BY TYPE70
7.1INTRODUCTION71
FIGURE 32CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)71
TABLE 14CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (THOUSAND CARATS)71
TABLE 15CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (THOUSAND CARATS)71
TABLE 16CVD LAB-GROWN DIAMONDS MARKET, 2019–2021 (USD MILLION)72
TABLE 17CVD LAB-GROWN DIAMONDS MARKET, 2022–2027 (USD MILLION)72
7.2ROUGH DIAMONDS72
7.2.1ROUGH CVD DIAMONDS TO REGISTER HIGH DEMAND IN DIFFERENT INDUSTRIAL APPLICATIONS72
TABLE 18ROUGH CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (THOUSAND CARATS)73
TABLE 19ROUGH CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (THOUSAND CARATS)73
TABLE 20ROUGH CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (USD MILLION)73
TABLE 21ROUGH CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (USD MILLION)74
7.3POLISHED DIAMONDS74
7.3.1HIGH DEMAND FOR POLISHED CVD DIAMONDS IN JEWELRY MANUFACTURING TO BOOST MARKET74
TABLE 22POLISHED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (THOUSAND CARATS)74
TABLE 23POLISHED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (THOUSAND CARATS)75
TABLE 24POLISHED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (USD MILLION)75
TABLE 25POLISHED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (USD MILLION)75
8CVD LAB-GROWN DIAMONDS MARKET, BY COLOR76
8.1INTRODUCTION77
FIGURE 33CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022 VS. 2027 (USD MILLION)77
TABLE 26CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (THOUSAND CARATS)77
TABLE 27CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (THOUSAND CARATS)77
TABLE 28CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (USD MILLION)78
TABLE 29CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (USD MILLION)78
8.2COLORED DIAMONDS78
8.2.1MARKET GROWTH DRIVEN BY USE OF COLORED DIAMONDS IN JEWELRY, OPTICAL & LASER, AND ELECTRONICS INDUSTRIES78
TABLE 30COLORED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (THOUSAND CARATS)79
TABLE 31COLORED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (THOUSAND CARATS)79
TABLE 32COLORED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (USD MILLION)79
TABLE 33COLORED CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (USD MILLION)80
8.3COLORLESS DIAMONDS80
8.3.1COST-EFFECTIVENESS DRIVING MARKET GROWTH FOR COLORLESS DIAMONDS80
TABLE 34COLORLESS CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (THOUSAND CARATS)80
TABLE 35COLORLESS CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (THOUSAND CARATS)81
TABLE 36COLORLESS CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (USD MILLION)81
TABLE 37COLORLESS CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (USD MILLION)81
9CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION82
9.1INTRODUCTION83
FIGURE 34CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022 & 2027 (USD MILLION)83
TABLE 38CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)84
TABLE 39CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)84
TABLE 40CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)84
TABLE 41CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)85
9.2MACHINE & CUTTING TOOLS85
9.2.1POTENTIAL TO REDUCE TOOLING COSTS TO DRIVE GROWTH85
TABLE 42CVD LAB-GROWN DIAMONDS MARKET FOR MACHINE & CUTTING TOOLS, BY REGION, 2019–2021 (THOUSAND CARATS)85
TABLE 43CVD LAB-GROWN DIAMONDS MARKET FOR MACHINE & CUTTING TOOLS, BY REGION, 2022–2027 (THOUSAND CARATS)86
TABLE 44CVD LAB-GROWN DIAMONDS MARKET FOR MACHINE & CUTTING TOOLS, BY REGION, 2019–2021 (USD MILLION)86
TABLE 45CVD LAB-GROWN DIAMONDS MARKET FOR MACHINE & CUTTING TOOLS, BY REGION, 2022–2027 (MILLION CARATS)86
9.3HEAT SINKS & EXCHANGERS87
9.3.1GROWING DEMAND FOR HIGH-POWERED ELECTRONICS TO DRIVE MARKET FOR CVD DIAMOND HEAT SINKS87
TABLE 46CVD LAB-GROWN DIAMONDS MARKET FOR HEAT SINKS & EXCHANGERS, BY REGION, 2019–2021 (THOUSAND CARATS)87
TABLE 47CVD LAB-GROWN DIAMONDS MARKET FOR HEAT SINKS & EXCHANGERS, BY REGION, 2022–2027 (THOUSAND CARATS)88
TABLE 48CVD LAB-GROWN DIAMONDS MARKET FOR HEAT SINKS & EXCHANGERS, BY REGION, 2019–2021 (USD MILLION)88
TABLE 49CVD LAB-GROWN DIAMONDS MARKET FOR HEAT SINKS & EXCHANGERS, BY REGION, 2022–2027 (USD MILLION)88
9.4OPTICAL, LASER, AND X-RAY89
9.4.1FAVORABLE PROPERTIES TO BOOST ADOPTION OF CVD DIAMONDS89
TABLE 50CVD LAB-GROWN DIAMONDS MARKET FOR OPTICAL, LASER, AND X-RAY, BY REGION, 2019–2021 (THOUSAND CARATS)89
TABLE 51CVD LAB-GROWN DIAMONDS MARKET FOR OPTICAL, LASER, AND X-RAY, BY REGION, 2022–2027 (THOUSAND CARATS)89
TABLE 52CVD LAB-GROWN DIAMONDS MARKET FOR OPTICAL, LASER, AND X-RAY, BY REGION, 2019–2021 (USD MILLION)90
TABLE 53CVD LAB-GROWN DIAMONDS MARKET FOR OPTICAL, LASER, AND X-RAY, BY REGION, 2022–2027 (USD MILLION)90
9.5ELECTRONICS90
9.5.1EXCELLENT THERMAL AND ELECTRIC PROPERTIES TO BOOST END-USER ADOPTION90
TABLE 54CVD LAB-GROWN DIAMONDS MARKET FOR ELECTRONICS, BY REGION, 2019–2021 (THOUSAND CARATS)91
TABLE 55CVD LAB-GROWN DIAMONDS MARKET FOR ELECTRONICS, BY REGION, 2022–2027 (THOUSAND CARATS)91
TABLE 56CVD LAB-GROWN DIAMONDS MARKET FOR ELECTRONICS, BY REGION, 2019–2021 (USD MILLION)92
TABLE 57CVD LAB-GROWN DIAMONDS MARKET FOR ELECTRONICS, BY REGION, 2022–2027 (USD MILLION)92
9.6HEALTHCARE INSTRUMENTS92
9.6.1GROWING USE IN MEDICAL DEVICES, ORTHOPEDICS, INSTRUMENTS, AND OTHER HEALTHCARE INSTRUMENTS TO BOOST DEMAND92
TABLE 58CVD LAB-GROWN DIAMONDS MARKET FOR HEALTHCARE INSTRUMENTS, BY REGION, 2019–2021 (THOUSAND CARATS)93
TABLE 59CVD LAB-GROWN DIAMONDS MARKET FOR HEALTHCARE INSTRUMENTS, BY REGION, 2022–2027 (THOUSAND CARATS)93
TABLE 60CVD LAB-GROWN DIAMONDS MARKET FOR HEALTHCARE INSTRUMENTS, BY REGION, 2019–2021 (USD MILLION)93
TABLE 61CVD LAB-GROWN DIAMONDS MARKET FOR HEALTHCARE INSTRUMENTS, BY REGION, 2022–2027 (USD MILLION)94
9.7GEMSTONES94
9.7.1SHARE OF CVD-LAB GROWN DIAMONDS TO INCREASE IN GEMSTONE APPLICATIONS94
TABLE 62CVD LAB-GROWN DIAMONDS MARKET FOR GEMSTONES, BY REGION, 2019–2021 (THOUSAND CARATS)94
TABLE 63CVD LAB-GROWN DIAMONDS MARKET FOR GEMSTONES, BY REGION, 2022–2027 (THOUSAND CARATS)95
TABLE 64CVD LAB-GROWN DIAMONDS MARKET FOR GEMSTONES, BY REGION, 2019–2021 (USD MILLION)95
TABLE 65CVD LAB-GROWN DIAMONDS MARKET FOR GEMSTONES, BY REGION, 2022–2027 (USD MILLION)95
9.8OTHER APPLICATIONS96
TABLE 66CVD LAB-GROWN DIAMONDS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2021 (THOUSAND CARATS)96
TABLE 67CVD LAB-GROWN DIAMONDS MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (THOUSAND CARATS)96
TABLE 68CVD LAB-GROWN DIAMONDS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2021 (USD MILLION)97
TABLE 69CVD LAB-GROWN DIAMONDS MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)97
10CVD LAB-GROWN DIAMONDS MARKET, BY REGION98
10.1INTRODUCTION99
FIGURE 35GEOGRAPHIC SNAPSHOT: CHINA TO SHOW HIGHEST GROWTH99
TABLE 70CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (THOUSAND CARATS)100
TABLE 71CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (THOUSAND CARATS)100
TABLE 72CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2019–2021 (USD MILLION)100
TABLE 73CVD LAB-GROWN DIAMONDS MARKET, BY REGION, 2022–2027 (USD MILLION)101
10.2NORTH AMERICA101
10.2.1NORTH AMERICA: RECESSION IMPACT101
FIGURE 36NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET SNAPSHOT102
TABLE 74NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (THOUSAND CARATS)102
TABLE 75NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (THOUSAND CARATS)103
TABLE 76NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)103
TABLE 77NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)103
TABLE 78NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (THOUSAND CARATS)103
TABLE 79NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (THOUSAND CARATS)104
TABLE 80NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (USD MILLION)104
TABLE 81NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (USD MILLION)104
TABLE 82NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (THOUSAND CARATS)104
TABLE 83NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (THOUSAND CARATS)105
TABLE 84NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (USD MILLION)105
TABLE 85NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (USD MILLION)105
TABLE 86NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)105
TABLE 87NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)106
TABLE 88NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)106
TABLE 89NORTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)107
10.2.2US107
10.2.2.1US to remain a leading market for lab-grown diamonds107
TABLE 90US: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)107
TABLE 91US: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)108
TABLE 92US: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)108
TABLE 93US: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)108
10.2.3CANADA109
10.2.3.1Rising investment in diamond production to support market109
TABLE 94CANADA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)109
TABLE 95CANADA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)109
TABLE 96CANADA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)110
TABLE 97CANADA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)110
10.2.4MEXICO110
10.2.4.1Stable demand for diamonds to ensure sustained growth110
TABLE 98MEXICO: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)111
TABLE 99MEXICO: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)111
TABLE 100MEXICO: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)112
TABLE 101MEXICO: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)112
10.3EUROPE112
10.3.1EUROPE: RECESSION IMPACT112
FIGURE 37EUROPE: CVD LAB-GROWN DIAMONDS MARKET SNAPSHOT113
TABLE 102EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (THOUSAND CARATS)114
TABLE 103EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (THOUSAND CARATS)114
TABLE 104EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)115
TABLE 105EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)115
TABLE 106EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (THOUSAND CARATS)115
TABLE 107EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (THOUSAND CARATS)116
TABLE 108EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (USD MILLION)116
TABLE 109EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (USD MILLION)116
TABLE 110EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (THOUSAND CARATS)116
TABLE 111EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (THOUSAND CARATS)117
TABLE 112EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (USD MILLION)117
TABLE 113EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (USD MILLION)117
TABLE 114EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)117
TABLE 115EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)118
TABLE 116EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)118
TABLE 117EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)119
10.3.2GERMANY119
10.3.2.1Germany to hold leading share in European market119
TABLE 118GERMANY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)119
TABLE 119GERMANY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)120
TABLE 120GERMANY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)120
TABLE 121GERMANY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)121
10.3.3FRANCE121
10.3.3.1Rising investment in LGDs to drive market121
TABLE 122FRANCE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)121
TABLE 123FRANCE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)122
TABLE 124FRANCE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)122
TABLE 125FRANCE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)123
10.3.4UK123
10.3.4.1Rising interest in LGDs to support market growth123
TABLE 126UK: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)123
TABLE 127UK: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)124
TABLE 128UK: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)124
TABLE 129UK: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)124
10.3.5SPAIN125
10.3.5.1Expansion efforts by companies to support market growth in Spain125
TABLE 130SPAIN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)125
TABLE 131SPAIN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)125
TABLE 132SPAIN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)126
TABLE 133SPAIN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)126
10.3.6RUSSIA126
10.3.6.1Economic sanctions to boost demand for lab-grown diamonds126
TABLE 134RUSSIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)127
TABLE 135RUSSIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)127
TABLE 136RUSSIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)128
TABLE 137RUSSIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)128
10.3.7ITALY128
10.3.7.1Increasing consumer preference to drive demand128
TABLE 138ITALY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)129
TABLE 139ITALY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)129
TABLE 140ITALY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)130
TABLE 141ITALY: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)130
10.3.8REST OF EUROPE130
TABLE 142REST OF EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)131
TABLE 143REST OF EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)131
TABLE 144REST OF EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)132
TABLE 145REST OF EUROPE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)132
10.4ASIA PACIFIC132
10.4.1ASIA PACIFIC: RECESSION IMPACT133
FIGURE 38ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET SNAPSHOT133
TABLE 146ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (THOUSAND CARATS)134
TABLE 147ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (THOUSAND CARATS)134
TABLE 148ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)135
TABLE 149ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)135
TABLE 150ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (THOUSAND CARATS)135
TABLE 151ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (THOUSAND CARATS)136
TABLE 152ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (USD MILLION)136
TABLE 153ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (USD MILLION)136
TABLE 154ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (THOUSAND CARATS)136
TABLE 155ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (THOUSAND CARATS)137
TABLE 156ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (USD MILLION)137
TABLE 157ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (USD MILLION)137
TABLE 158ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)138
TABLE 159ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)138
TABLE 160ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)139
TABLE 161ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)139
10.4.2CHINA139
10.4.2.1High growth in electronics industry to boost demand139
TABLE 162CHINA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)140
TABLE 163CHINA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)140
TABLE 164CHINA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)141
TABLE 165CHINA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)141
10.4.3INDIA141
10.4.3.1Rising trade in synthetic diamonds worldwide to drive market141
TABLE 166INDIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)142
TABLE 167INDIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)142
TABLE 168INDIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)143
TABLE 169INDIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)143
10.4.4JAPAN143
10.4.4.1Growing interest in synthetic diamonds to ensure sustained demand143
TABLE 170JAPAN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)144
TABLE 171JAPAN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)144
TABLE 172JAPAN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)145
TABLE 173JAPAN: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)145
10.4.5SOUTH KOREA145
10.4.5.1Presence of few manufacturers to slow growth145
TABLE 174SOUTH KOREA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)146
TABLE 175SOUTH KOREA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)146
TABLE 176SOUTH KOREA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)147
TABLE 177SOUTH KOREA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)147
10.4.6AUSTRALIA147
10.4.6.1Electronics segment to show highest growth in Australia147
TABLE 178AUSTRALIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)148
TABLE 179AUSTRALIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)148
TABLE 180AUSTRALIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)149
TABLE 181AUSTRALIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)149
10.4.7REST OF ASIA PACIFIC149
TABLE 182REST OF ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)150
TABLE 183REST OF ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)150
TABLE 184REST OF ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)151
TABLE 185REST OF ASIA PACIFIC: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)151
10.5MIDDLE EAST & AFRICA151
10.5.1MIDDLE EAST & AFRICA: RECESSION IMPACT152
TABLE 186MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (THOUSAND CARATS)152
TABLE 187MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (THOUSAND CARATS)152
TABLE 188MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)152
TABLE 189MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)153
TABLE 190MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (THOUSAND CARATS)153
TABLE 191MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (THOUSAND CARATS)153
TABLE 192MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (USD MILLION)153
TABLE 193MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (USD MILLION)154
TABLE 194MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (THOUSAND CARATS)154
TABLE 195MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (THOUSAND CARATS)154
TABLE 196MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (USD MILLION)154
TABLE 197MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (USD MILLION)155
TABLE 198MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)155
TABLE 199MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)155
TABLE 200MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)156
TABLE 201MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)156
10.5.2SAUDI ARABIA156
10.5.2.1Rising interest in jewelry to boost market in Saudi Arabia156
TABLE 202SAUDI ARABIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)157
TABLE 203SAUDI ARABIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)157
TABLE 204SAUDI ARABIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)158
TABLE 205SAUDI ARABIA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)158
10.5.3UAE158
10.5.3.1Growing mechanical applications to augment market158
TABLE 206UAE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)159
TABLE 207UAE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)159
TABLE 208UAE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)160
TABLE 209UAE: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)160
10.5.4SOUTH AFRICA160
10.5.4.1Younger population to drive the market160
TABLE 210SOUTH AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)161
TABLE 211SOUTH AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)161
TABLE 212SOUTH AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)162
TABLE 213SOUTH AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)162
10.5.5REST OF MIDDLE EAST & AFRICA162
TABLE 214REST OF MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)163
TABLE 215REST OF MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)163
TABLE 216REST OF MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)164
TABLE 217REST OF MIDDLE EAST & AFRICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)164
10.6SOUTH AMERICA164
10.6.1SOUTH AMERICA: RECESSION IMPACT165
TABLE 218SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (THOUSAND CARATS)165
TABLE 219SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (THOUSAND CARATS)165
TABLE 220SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)165
TABLE 221SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)166
TABLE 222SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (THOUSAND CARATS)166
TABLE 223SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (THOUSAND CARATS)166
TABLE 224SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2019–2021 (USD MILLION)166
TABLE 225SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY TYPE, 2022–2027 (USD MILLION)167
TABLE 226SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (THOUSAND CARATS)167
TABLE 227SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (THOUSAND CARATS)167
TABLE 228SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2019–2021 (USD MILLION)167
TABLE 229SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY COLOR, 2022–2027 (USD MILLION)168
TABLE 230SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (THOUSAND CARATS)168
TABLE 231SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (THOUSAND CARATS)168
TABLE 232SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)169
TABLE 233SOUTH AMERICA: CVD LAB-GROWN DIAMONDS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)169
10.6.2BRAZIL170
10.6.2.1Increasing demand in dentistry to drive market170
TABLE 234BRAZIL: CVD LAB-GROWN DIAMONDS