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U.S. industrial diamond market value by type 2014-2025

The market value of industrial diamonds in the United States is forecast to amount to 238.1 billion U.S. dollars in 2025. Of that amount, lab-grown industrial diamonds are expected to account for a market value of 200 million U.S. dollars. It is expected that the market for industrial diamonds in the U.S. will switch from natural industrial diamonds having the largest share of the market in 2014 to lab-grown diamonds being the largest.
Industrial diamonds are diamonds that are valued for their extreme level of hardness, but which have either many flaws or irregular shapes and therefore are not aesthetically valuable. For this reason, they are used for industrial purposes. They usually have many flaws and have an irregular shape. Overall, industrial diamonds have a low value as gems, but they are important in the mining and metalworking industries. They are used for cutting materials as well as polishing other materials including diamonds. They are also sometimes used for drill bits, saws, and as an abrasive.

Industrial diamond market value in the United States from 2014 to 2025, by type (in million carats)*

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Sources

Release date

December 2019

Region

Worldwide

Survey time period

2014 to 2018

Supplementary notes

*Forecast.

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Statistics on "Lab-grown diamond industry"

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