What Is the Current Market Size of the Global Lab Grown Diamond Market and What Are Its Key Growth Drivers and Trends?
Global Lab Grown Diamond Market is valued at approximately USD 2.3 billion in 2024 , driven by rising consumer preference for sustainable luxury, technological advancements reducing production costs, and increasing adoption in jewelry and industrial sectors. Explore the evolving Global Lab Grown Diamond Market to uncover emerging trends, cutting-edge innovations, and strategic shifts reshaping the industry landscape. For comprehensive insights and authoritative analysis, visit Ken Research . Growth Drivers in the Global Lab Grown Diamond Market Key factors propelling the lab grown diamond market include technological advances, consumer preferences, and economic trends driving robust global demand: Market CAGR of 22.5% between 2021 and 2028 highlights rapid expansion, fueled by cost-effective production methods making diamonds accessible to a broader audience. Over 30% price reduction compared to natural diamonds, encouraging millennials and Ge...