United States Luxury Lab Grown Diamond Jewelry Market Assessment, By Manufacturing Method [HPHT, CVD], By Nature [Color, Colorless], By Size [Below 2 Carat, 2 Carat – 4 Carat, Above 4 Carat], By Application [Industrial, Fashion], By Region, Opportunities and Forecast, 2018-2032F

United States luxury lab grown diamond jewelry market is projected to witness a CAGR of 5.45% during the forecast period 2025-2032, growing from USD 1.51 billion in 2024 to USD 2.31 billion in 2032, owing to sustainability, ethical sourcing, and technological innovation. The lab-grown diamond jewelry market in the United States is seeing remarkable growth, fueled by factors such as sustainability, affordability, technological innovation, and shifting consumer values.

Report Attributes	Details
Base Year	2024
Forecast Period	2025-2032F
Historical Period	2018-2023
Projected Growth Rate	CAGR of 5.45% between 2025 and 2032
Revenue Forecast in 2032	USD 2.31 billion

Affordability is one major driver for lab-grown diamonds. Generally, lab-grown diamonds are 30-40% cheaper than natural diamonds, thus attracting a wider consumer base; therefore, the price appeal is quite attractive to the younger generation, riddled with millennials and gen Z, who are credit-savvy yet after high-quality products. Another factor is the ethical and sustainable angle of lab-grown diamonds. These diamonds provide a viable alternative to mined products in many issues, including child labor and environmental destruction, by acquiring them in a controlled environment that does not involve mining. Such concerns are especially favorable for socially conscious consumers, with the younger generation being the key players here who are inclined towards eco-friendly and ethically counting purchases. Besides, lab-grown diamonds assure one extra environmental benefit: lower carbon emissions and less water consumption in comparison with natural diamond mining. Technological advancement also serves as the chief engine for market development. Advances made in terms of the production technologies, chemical vapor deposition (CVD) and high pressure high temperature (HPHT), have enhanced quality and reduced the price of lab-grown diamonds, thus making them even more competitive in the luxury market. This combination driving demand includes shifting consumer preferences typified by millennials and gen Z increasingly favoring lab-grown diamonds for ethical purposes, environmental sustainability, and affordability. Amid this change, there is a cultural shift toward experiential and conscious consumption, which has complemented the laboratory-grown diamond appeal generation. The more that brands and consumers adopt lab-grown diamond benefits, the more solidified its ramping growth will be, which will only mean that one day this diamond will stand as an equally displayed alternative in mainstream luxury jewelry.

For instance, Grown Brilliance, a leading online retailer specializing in lab-grown diamonds, has expanded its physical retail presence with the opening of its newest store location on Melrose Place in Los Angeles, California. Further in July 2024, Grown Brilliance launched the Melrose collection, its first offering to feature pink and blue lab-grown diamonds.

Increasing Awareness Driving the United States Luxury Lab Grown Diamond Jewelry Market

The United States luxury lab-grown diamond jewelry market is experiencing significant growth, driven by increasing awareness among consumers about the benefits of lab-grown diamonds. Gradually, consumers have been made aware of how the chemical, physical, and optical conditions have continued to be the same as in natural diamonds, through extensive marketing campaigns, social media, and digital platforms. This factor is further enhanced by transparency in the supply chain, where brands are adopting technologies like blockchain to come forward with their clear origin and process for manufacture as well as building trust and confidence in using these resources. The other most significant factors boosting the intake of lab-grown diamonds are sustainability and ethical attraction already made by their existence due to increasing concerns about the eco-friendliness of diamond mining and, of course, blood diamonds. They are seen as conflict-free, feasible alternatives that are endorsed by the young socially aware consumer base like millennials and gen Z, looking for greener and ethical consumption. Laboratory-grown diamonds seem to resonate very well with the definition of such customers in this demographic. Further, lab-grown diamonds are being embraced by the youngest segments of millennials for their ingenuity, originality, and value. Celebrity endorsements and direct promotions through social platforms are also influencing this market, where an individual celebrity or social media influencer advocates use and consumption of lab-grown diamonds as a luxury. Lastly, with the rise in e-commerce and omnichannel tickle strategies, the consumption of this product has even become more comfortable, as it can be available to a wider range without limiting the shopping experience.

In May 2024, Pandora Jewelry LLC, which is into lab grown diamond jewelry business, announced impressive sales in the first quarter. The Brand experienced an 18% increase in annual sales and anticipated growth at a rate of 8% to 10%.

Technological Advancements Driving the United States Luxury Lab Grown Diamond Jewelry Market

Continuous innovations in technology are major drivers of growth in the United States luxury lab-grown diamond jewelry market and make a major revolution in the science of creating, marketing, and consuming diamonds. Technological innovations in diamond-growing have reduced the significance of quality, colorless diamonds with less impurity to become nearly indistinguishable from natural ones; they have made available not only more significant stones but also the opportunity for a richer, loftier buying experience. Hybridization combining CVD and HPHT methods extends the possible limits of quality of size even further, thus making lab-grown diamonds much more desirable to luxury customers. Moreover, technologies such as blockchain and laser inscription also offer a unique level of transparency and traceability that allows consumers to check the origin and authenticity of their diamonds, thereby enhancing trust and confidence in the product. In the future, continuous R&D and cooperation between brands, universities, and research institutions will serve to innovate further in terms of quality, size, and color range of lab-grown diamonds. These advances, while going a long way towards broadening the appeal of lab-grown diamonds, will also include them as a luxury proposition concerning sustainability. What will make lab-grown diamonds popular is technology, evolving the market and bringing diamonds to the forefront as the gold standard in preference of the consumer base valuing innovation, transparency, and sustainability.

For instance, in February 2025, De Beers plc introduced its groundbreaking retail diamond verification device, DiamondProof, which is now available in select retail stores for the first time. This device allows consumers to see just how quickly it can differentiate between natural diamonds and non-natural options, such as laboratory-grown diamonds (LGDs) and diamond simulants. It serves as a valuable tool for retailers to educate their customers about the distinctions between natural diamonds and other alternatives.

Chemical Vapor Deposition (CVD) is Anticipated to Propel the Growth of the Market

Chemical vapor deposition (CVD) is expected to provide an impetus toward the development of diamond jewelry in general and that of lab-grown diamonds in the United States in particular. The state-of-the-art manufacturing process provides environmentally sustainable and ethically sourced diamonds, meeting the expectations of modern luxury consumers. CVD produces diamonds with high clarity, color, and purity that are usually indistinguishable from natural diamonds and thus very coveted in high-end jewelry. This technology manufactures diamonds Type IIa, the purest diamond class, meaning no or little impurity exists and those that are the best fit for luxury. Further, larger diamonds, up to 10 carats or more, of reassuringly high clarity and color grades led to the fast development for bigger and luxury objects of desire. The scalability at low cost of CVD would rank as one of its furthermore substantial advantages. CVD is indeed energy-efficient and resource-efficient compared to diamond mining and other lab-grown processes such as HPHT, which translates to a comparatively lower cost of production.

 For instance, domestic companies such as CVD Diamond Inc., are manufacturers and wholesale distributors of high-quality, type IIA CVD lab-grown diamonds for the US jewelry industry.

Download Free Sample Report

Future Market Scenario (2025 – 2032F)

• As environmental and ethical concerns become more prominent, consumers will increasingly opt for lab-grown diamonds as a sustainable and conflict-free alternative to mined diamonds.
• The demand for unique, personalized jewelry designs will grow, with lab-grown diamonds offering greater flexibility for customization due to their affordability and availability.
• Innovations in diamond-growing technologies, such as chemical vapor deposition (CVD) and high pressure high temperature (HPHT), will enable the production of larger, higher-quality diamonds with fewer imperfections.
• Increased marketing efforts and celebrity endorsements are likely to boost consumer acceptance.

Report Scope

“United States Luxury Lab Grown Diamond Jewelry Market Assessment, Opportunities and Forecast, 2018-2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of United States luxury lab grown diamond jewelry market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecasts between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Segments Covered	Manufacturing Method, Nature, Size, Application
Regions Covered	Northeast, Southwest, West, Southeast, Midwest
Key Companies Profiled	Pandora Jewelry, LLC, Clean Origin LLC, De Beers plc, Blue Nile Inc., James Allen, MiaDonna, Brilliance, LLC, New World Diamonds, Brilliant Earth, LLC, Grown Brilliance, LLC
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, the United States luxury lab grown diamond jewelry market has been segmented into the following categories: 

• By Manufacturing Method
  • HPHT (High Pressure High Temperature)
  • CVD (Chemical Vapor Deposition)
• By Nature
  • Color
  • Colorless
• By Size
  • Below 2 Carat
  • 2 Carat – 4 Carat
  • Above 4 Carat
• By Application
  • Industrial
  • Fashion
• By Region
  • Northeast
  • Southwest
  • West
  • Southeast
  • Midwest

Key Players Landscape and Outlook

United States luxury lab-grown diamond jewelry market is set with stiff competition and a high-growth market due to increasing consumer acceptance, advancing technology, and the growing focus on sustainability. With the growing awareness of lab diamonds and fading misconceptions about their quality, more consumers are likely to embrace them as a proper 'luxury' item. Brands are expected to extend their portfolios with a higher number and quality options of lab-grown diamonds in a diversified range of jewelry, all forms of jewelry-from engagement rings to haute couture. The surge in e-commerce and direct manufacturing sales will widen the pool of potentially lab-made diamond jewelry customers, and competitive prices will continue attracting youth buyers in search of budget-friendly offerings. Besides, co-branding between luxury designers and lab-grown diamond sellers would enhance the market, and standardized certification systems would further boost confidence among consumers. The market outlook for the United States luxury lab-grown diamond jewelry segment is almost certain to follow suit for the next few years, as its scope and reach are all poised for expansion and mainstream acceptance with factors such as sustainability, innovation, and changing consumer preferences driving its future.

For instance, in September 2023, Pandora Jewelry, LLC expanded its collection of lab-grown diamond jewelry, reporting a 5% increase in organic revenues to USD 850 million, while like-for-like (LFL) revenues rose by 2%. As a result, the first half revenues increased by 3.5% compared to the previous year, reaching USD 1.7 billion.

Key Players Operating in the United States Luxury Lab Grown Diamond Jewelry Market are:

• Pandora Jewelry, LLC
• Clean Origin LLC
• De Beers plc
• Blue Nile Inc.
• James Allen
• MiaDonna
• Brilliance, LLC
• New World Diamonds
• Brilliant Earth, LLC
• Grown Brilliance, LLC

If you can't find what you're searching for or have any custom requirements for the United States luxury lab grown diamond jewelry market, you may approach our team at info@marketsandata.com