Lab-grown diamonds have gone from niche curiosity to a booming global market. According to Precedence Research, the global lab-grown diamonds market was estimated at USD 26.05 billion in 2024 and is projected to grow to nearly USD 97.85 billion by 2034, with a compound annual growth rate of 14.15% precedenceresearch.com. This surge is driven by millennials and Gen Z, who favour sustainability and affordability.
Lab-grown diamonds offer identical chemical, optical and physical properties to mined diamonds but cost 20–40% less and avoid the ethical issues associated with mining.
As awareness increases, Asia Pacific currently holds the largest market share (34%), while North America is predicted to see rapid adoption precedenceresearch.com.
For jewellers and consumers alike, this means more options for ethical and budget-friendly brilliance. At Diamonds4Change, all lab-grown diamonds are independently certified and set in recycled metals.
With our profits supporting education, apprenticeships and clean water projects, the rise of lab-grown diamonds isn’t just a trend—it’s a movement redefining luxury.
Build Your Custom Diamond Ring | Design Your Perfect Engagement Ring