DiamondBuzz
Global LGD market to hit $44bn- Coherent Market Insights
The global lab-grown diamond market is set for robust expansion, with its value forecast to climb 60 per cent over the next seven years, rising from $27.7 billion in 2025 to $44.5 billion by 2032, according to a new study by India-based Coherent Market Insights (CMI). This growth trajectory reflects a compound annual growth rate (CAGR) of 7 per cent, significantly outpacing expectations for the natural diamond sector, where expansion is predicted to remain far more subdued.
The report positions North America as the dominant market, projected to account for around 40 per cent of global demand by 2025, underpinned by consumer acceptance and strong retail penetration. Yet, it is the Asia-Pacific region that is anticipated to record the fastest growth, fuelled by rapid industrialization, expanding middle-class wealth, and rising disposable incomes.
On the supply side, China emerges as the largest producer, responsible for nearly half of global lab-grown output. However, the majority of Chinese production relies on the High Pressure High Temperature (HPHT) method—an older, less refined technology compared with the more advanced Chemical Vapor Deposition (CVD) system, which is increasingly favored for higher-quality gem production.
DiamondBuzz
CIBJO Backs ‘synthetic’ As Sole Label For Man-Made Diamonds
CIBJO’s Laboratory-Grown Diamond Committee, Told Delegates That “Synthetic” Remains The Primary Term Recognized By Consumers, Despite A Formal Push From The Sector’s Steering Committee To Defer The Ruling and Authorize “Laboratory-Grown.”
The World Jewellery Confederation (CIBJO) has recommended “synthetic” as the only acceptable descriptor for non-mined diamonds, rejecting calls from trade leaders to permit the term “laboratory-grown,” the organization said on Monday.
The decision, finalized at the closing session of the 2026 CIBJO Congress, deepens a global divide over gemstone terminology at a time when manufactured stones are rapidly eroding the market share and pricing power of mined gems.
CIBJO’s Laboratory-Grown Diamond Committee, told delegates that “synthetic” remains the primary term recognized by consumers, despite a formal push from the sector’s steering committee to defer the ruling and authorize “laboratory-grown.”
CIBJO’s move aligns with a growing regulatory push in several major markets. France restricted terminology to “synthetic” in 2024, Russia followed suit in June, and the London Diamond Bourse endorsed the single descriptor on Sunday. In May, the African Diamond Producers Association also tightened descriptor rules to shield the natural diamond trade.
In contrast, regulators and retailers in the United States and India have favored consumer-friendly phrases such as “lab-grown” or “laboratory-grown.” The commercial stakes are particularly high in the U.S., where synthetic stones now account for more than half of all engagement ring sales by volume, applying severe downward price pressure on natural rough and polished stones.
CIBJO, which began moving to strike “lab-grown” from its influential Diamond Blue Book standards last year, warned that the diverging legal frameworks are leaving the global market increasingly fragmented.
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