Lab Grown Diamond Market Trends: What’s Driving the Surge in Popularity?
The global lab grown diamond market has witnessed transformative growth, reflecting increasing consumer demand, technological advancements, and rising ethical concerns. As of 2023, the lab grown diamond market is estimated at USD 24,000 million, with projections to reach approximately USD 59,200 million by 2031. This signifies a remarkable compound annual growth rate (CAGR) of 9.6% during the forecast period. The accelerated expansion of this market is driven by the surge in demand for both ethical and affordable alternatives to mined diamonds across various industries, including jewelry and industrial sectors. This report delves into the market's evolution, key growth drivers, emerging trends, and critical forecasts for the coming years. Request Sample Report PDF (including TOC, Graphs & Tables): https://www.statsandresearch.com/request-sample/40554-global-lab-grown-diamond-market Technological Advancements in Lab-Grown Diamond Production: CVD and HPHT Methods: Paving the Pa...