Global lab-grown diamond potential employment forecast by production phase 2026-2050
Lab-grown diamonds are forecast to employ a total of 1.15 million people worldwide by the year 2050. One million people of that total are expected to be employed by the cutting and polishing of the diamonds. Comparatively, global diamond production employs approximately ten million people both directly and indirectly. According to the source, the cutting and polishing of 300,000 carats of lab-grown diamonds requires 950 workers. 650 carats of lab-grown diamonds can be produced by one machine annually, and every machine requires one qualified engineer or diploma holder to manage and run it.
