Global market volume of lab-grown diamonds 2009-2030
Lab-grown diamonds are gaining an increasing share of the global diamond market each year, and with that, the volume of lab-grown diamonds produced is growing. The market volume is expected to amount to about 19.2 million carats in 2030. Lab-grown diamonds, also known as synthetic diamonds, have the same physical properties of natural diamonds because they are created in a lab using a process that replicates the natural diamond growing process, but takes weeks rather than billions of years.
