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US Synthetic Diamond Market

ID: MRFR/CnM/18966-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Synthetic Diamond Market Research Report: By Product (Bort, Dust, Grit, Powder, Stone), By Type (Polished, Rough), By Manufacturing Process (High Pressure, High Temperature, Chemical Vapor Deposition) and By Application (Gem, Heat Sinks/Exchangers, High-end Electronics, Laser and X-ray, Machine and Cutting Tools, Surgical Machinery, Water Treatment, Quantum Computing, Optical Sensors and Scanning, Medical, Electricals) - Forecast to 2035

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US Synthetic Diamond Market Summary

As per analysis, the US synthetic diamond market is projected to grow from USD 3.43 Billion in 2025 to USD 7.27 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.8% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US synthetic diamond market is experiencing robust growth driven by sustainability and technological advancements.

  • The jewelry segment remains the largest contributor to the synthetic diamond market, reflecting a strong consumer preference for ethical sourcing.
  • The industrial segment is currently the fastest-growing, driven by increasing applications in cutting, grinding, and drilling.
  • In the consumer goods sector, synthetic diamonds are gaining traction, while the technology segment is emerging rapidly due to innovative uses in electronics.
  • Market drivers such as sustainability initiatives and changing consumer preferences are significantly influencing the growth trajectory of the synthetic diamond market.

Market Size & Forecast

2024 Market Size 3.18 (USD Billion)
2035 Market Size 7.27 (USD Billion)
CAGR (2025 - 2035) 7.8%

Major Players

Diamond Foundry (US), De Beers Group (GB), Altrd (US), Pure Grown Diamonds (US), Gemesis (US), MiaDonna (US), Brilliant Earth (US), Nikki's Diamonds (US)

US Synthetic Diamond Market Trends

The US synthetic diamond market is currently experiencing a notable transformation, driven by advancements in technology and shifting consumer preferences. As awareness of the environmental and ethical implications of traditional diamond mining grows, many consumers are gravitating towards synthetic alternatives. This trend appears to be fueled by a desire for sustainable luxury, as synthetic diamonds are often perceived as a more responsible choice. Furthermore, the increasing availability of synthetic diamonds in various forms, including jewelry and industrial applications, suggests a broadening appeal across diverse demographics. In addition, the US synthetic diamond market is witnessing a rise in innovation, with manufacturers exploring new methods of production and design. This evolution not only enhances the quality and variety of synthetic diamonds but also contributes to a competitive landscape that encourages creativity and differentiation. As the market continues to mature, it seems likely that consumer education and marketing strategies will play a crucial role in shaping perceptions and driving demand. Overall, the US synthetic diamond market is poised for growth, reflecting a complex interplay of technological advancements, consumer values, and market dynamics.

Sustainability Focus

The US synthetic diamond market is increasingly characterized by a strong emphasis on sustainability. Consumers are becoming more conscious of the environmental impact associated with traditional diamond mining, leading to a preference for synthetic options that are perceived as eco-friendly. This trend indicates a shift in consumer values, where ethical considerations are becoming paramount in purchasing decisions.

Technological Advancements

Innovations in production techniques are significantly influencing the US synthetic diamond market. Enhanced methods for creating synthetic diamonds are improving quality and reducing costs, making these products more accessible to a wider audience. This technological evolution suggests that the market may continue to expand as new capabilities emerge.

Diverse Applications

The versatility of synthetic diamonds is becoming increasingly apparent in the US market. Beyond traditional jewelry, these diamonds are finding applications in various industries, including electronics and healthcare. This diversification indicates a growing recognition of synthetic diamonds' utility, potentially broadening their market reach and appeal.

Market Segment Insights

By Application: Jewelry (Largest) vs. Industrial (Fastest-Growing)

In the US synthetic diamond market, the application segment is characterized by diverse uses across jewelry, industrial, electronics, medical, and aerospace sectors. Jewelry holds the largest market share due to the growing consumer demand for sustainable and ethically sourced gemstones. Meanwhile, the industrial application segment is gaining traction, driven by increasing uses in cutting, grinding, and drilling due to the superior hardness of synthetic diamonds compared to alternatives.

Jewelry: Established (Dominant) vs. Industrial: Expanding (Emerging)

The jewelry application of synthetic diamonds stands out as the established and dominant force within the US market, appealing to consumers seeking luxury while prioritizing sustainability. With advancements in production techniques, synthetic diamonds offer comparable quality to mined stones at a more accessible price point. In contrast, the industrial application of synthetic diamonds is rapidly expanding, finding use in a variety of sectors, including manufacturing and construction, where they are pivotal for their robustness. The rising need for efficient and low-cost materials, combined with advancements in synthetic diamond technology, supports substantial growth in this emerging segment.

By End Use: Consumer Goods (Largest) vs. Technology (Fastest-Growing)

In the US synthetic diamond market, the End Use segment is characterized by a diverse range of applications. The distribution of market share among these applications reveals that Consumer Goods holds the largest share, leveraging the growing demand for jewelry and decorative items. In contrast, Technology, including electronics and optical components, emerges as a rapidly expanding area, driven by advancements in applications such as semiconductors and photonics.

Technology: Consumer Goods (Dominant) vs. Manufacturing (Emerging)

In the context of the US synthetic diamond market, the Consumer Goods segment is dominant, owing to its strong historical presence and consumer desire for aesthetically pleasing, high-quality products. This sector encompasses jewelry, engagement rings, and other luxury items, making up a significant portion of demand. Meanwhile, Manufacturing is seen as an emerging sector where synthetic diamonds are increasingly used for cutting, grinding, and drilling tools. As industries adopt synthetic alternatives for efficiency and performance, this segment is poised for growth, driven by the ongoing shift towards sustainable and high-performing materials.

By Production Method: High Pressure High Temperature (Largest) vs. Chemical Vapor Deposition (Fastest-Growing)

In the US synthetic diamond market, the production methods are primarily divided among High Pressure High Temperature (HPHT), Chemical Vapor Deposition (CVD), Detonation Synthesis, and Laser Ablation. Currently, HPHT holds the largest share, dominating the market with its established presence and widespread applications in various sectors including industrial and gemstone uses. CVD, however, is rapidly gaining traction, marking its position as the fastest-growing method due to advances in technology and increasing demand for high-quality synthetic diamonds.

Production Method: HPHT (Dominant) vs. CVD (Emerging)

High Pressure High Temperature (HPHT) method is the traditional and dominant force in the production of synthetic diamonds, characterized by the ability to create diamonds that closely replicate natural stones in terms of structure and quality. Its robust application in industrial sectors ensures a steady demand. On the other hand, Chemical Vapor Deposition (CVD) is emerging as a key player, favored for its ability to produce specific diamond characteristics and lower production costs. CVD technology is particularly appealing for its flexibility in size and purity, making it highly sought after for applications in electronics and precision instruments. The adaptability of CVD is fueling its rapid market growth, catering to both industrial and gemstone segments.

By Purity Level: Gem Quality (Largest) vs. Industrial Quality (Fastest-Growing)

In the US synthetic diamond market, the purity level segment is dominated by Gem Quality diamonds, which serve a prominent role in the jewelry sector. These diamonds not only appeal to consumers seeking visual vibrancy and aesthetic value but also establish a strong foothold in high-end luxury markets. Industrial Quality diamonds, while currently smaller in share, are burgeoning with significant demand across various industrial applications, particularly in cutting and polishing tools. The growth trends within this segment reveal that Gem Quality diamonds are likely to maintain their large market position, driven by consumer preference for luxury and investment-grade gems. Conversely, Industrial Quality diamonds are witnessing rapid growth due to advances in synthetic production techniques and increased awareness about their advantages in industrial uses. The dual demand from both consumer and industrial sectors highlights a promising trajectory for overall purity level growth in the market.

Gem Quality (Dominant) vs. Industrial Quality (Emerging)

Gem Quality diamonds hold the dominant position in the US synthetic diamond market, renowned for their exceptional clarity and brilliance, making them the preferred choice for jewelry applications. These diamonds not only signify status and luxury but also cater increasingly to environmentally-conscious consumers seeking sustainable options. On the other hand, Industrial Quality diamonds are quickly emerging as a significant player, gaining traction across various industries including manufacturing, construction, and technology. Their unique properties make them essential for precision cutting, grinding, and drilling tools. As technological initiatives continue to innovate synthetics tailored for specific applications, Industrial Quality diamonds stand poised for notable growth, catering to the evolving needs of modern industries.

By Size: Large (Largest) vs. Small (Fastest-Growing)

In the US synthetic diamond market, the size segment exhibits a diverse distribution of market shares among Small, Medium, Large, and Extra Large diamonds. Large diamonds currently hold a significant portion of the market, recognized for their appeal in high-end jewelry and industrial applications. Meanwhile, Small diamonds are catching up rapidly, driven by growing consumer preferences for affordable, sustainable options and their use in engagement rings, creating a noteworthy shift in market dynamics. The growth trends in the Size segment reflect a changing landscape in consumer behavior and technological advancements. The demand for Large diamonds remains robust, driven by luxury purchases and investments. Conversely, Small diamonds are gaining traction as manufacturers adapt to the rising interest in smaller, ethically sourced diamonds, appealing to a younger demographic. This shift signifies a broader acceptance of synthetic diamond functionalities, enhancing market competition and driving innovation across all sizes.

Size: Large (Dominant) vs. Small (Emerging)

Large synthetic diamonds are positioned as the dominant segment in the US market, catering to luxury consumers seeking prestigious and high-quality gemstones. Their prominence is reinforced by a strong demand in fine jewelry, where size is often directly correlated with value and desirability. On the other hand, Small synthetic diamonds are emerging rapidly, appealing to budget-conscious buyers and those prioritizing sustainability. These smaller diamonds feature prominently in modern design trends, including cluster settings and minimalist styles, thus attracting a diverse customer base. The rising acceptance of smaller stones for special occasions underscores a transformative consumer mindset, paving the way for innovative market strategies and product offerings aimed at satisfying varied consumer preferences.

Get more detailed insights about US Synthetic Diamond Market

Key Players and Competitive Insights

The synthetic diamond market is currently characterized by a dynamic competitive landscape, driven by technological advancements and shifting consumer preferences towards sustainable products. Key players such as Diamond Foundry (US), De Beers Group (GB), and Brilliant Earth (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Diamond Foundry (US) emphasizes innovation in production techniques, focusing on eco-friendly practices that resonate with environmentally conscious consumers. Meanwhile, De Beers Group (GB) leverages its extensive experience in the diamond industry to expand its synthetic offerings, integrating them into its traditional portfolio. Brilliant Earth (US) positions itself as a leader in ethical sourcing, appealing to a demographic that prioritizes sustainability in their purchasing decisions. Collectively, these strategies contribute to a competitive environment that is increasingly focused on ethical considerations and technological innovation.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which is particularly crucial in a market that is moderately fragmented. This localized approach not only enhances operational efficiency but also allows for greater responsiveness to consumer demands. The competitive structure is shaped by the collective influence of these key players, who are increasingly collaborating and forming strategic partnerships to bolster their market presence and share resources.

In November 2025, Diamond Foundry (US) announced a partnership with a leading tech firm to develop AI-driven solutions for diamond production, aiming to enhance efficiency and reduce costs. This strategic move is significant as it positions Diamond Foundry (US) at the cutting edge of technological integration within the industry, potentially setting new standards for production efficiency and quality.

In October 2025, Brilliant Earth (US) launched a new line of lab-grown diamonds that are marketed as carbon-neutral, further solidifying its commitment to sustainability. This initiative not only aligns with current consumer trends but also differentiates Brilliant Earth (US) from competitors by emphasizing its environmental responsibility, which is increasingly becoming a key purchasing factor for consumers.

In September 2025, De Beers Group (GB) expanded its synthetic diamond offerings through a strategic acquisition of a smaller competitor, enhancing its market share and diversifying its product range. This acquisition is indicative of De Beers Group's (GB) strategy to integrate synthetic diamonds into its broader portfolio, thereby appealing to a wider audience and reinforcing its position in the market.

As of December 2025, the competitive trends in the synthetic diamond market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in navigating the complexities of the market. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of adapting to consumer preferences for sustainable and ethically sourced products, which will be pivotal in shaping the future landscape of the synthetic diamond market.

Key Companies in the US Synthetic Diamond Market market include

Industry Developments

The US Synthetic Diamond Market has seen significant developments in recent months, particularly with companies like De Beers and Diamond Foundry pushing initiatives aimed at enhancing consumer awareness of lab-grown diamonds. MiaDonna has launched new ad campaigns that are reshaping consumer perceptions and driving sales in this sector. In terms of mergers and acquisitions, Chatham Created Gems has expanded its reach in the market through strategic partnerships as of August 2023, while Pure Grown Diamonds has been involved in discussions to acquire smaller players to increase market share.

The market valuation for synthetic diamonds has grown notably, influenced largely by rising interest in ethical and sustainable purchasing, with a 20% year-over-year growth reported in early 2023 alone. The US government also recently introduced tariff regulations favorable to synthetic over mined diamonds, encouraging local manufacturers like Scio Diamond Technology and Nucleus Diamond to scale production. Element Six has increased its investment in Research and Development to innovate diamond manufacturing processes, aiming to lower production costs and enhance product quality, further impacting market dynamics. This momentum is expected to continue, leading to increased competition and innovation in the coming years.

Future Outlook

US Synthetic Diamond Market Future Outlook

The US synthetic diamond market is projected to grow at a 7.8% CAGR from 2024 to 2035, driven by technological advancements, increasing industrial applications, and rising consumer acceptance.

New opportunities lie in:

  • Expansion into high-performance cutting tools for manufacturing sectors.
  • Development of eco-friendly synthetic diamond production methods.
  • Strategic partnerships with jewelry brands for exclusive collections.

By 2035, the synthetic diamond market is expected to solidify its position as a key player in various industries.

Market Segmentation

US Synthetic Diamond Market Size Outlook

  • Small
  • Medium
  • Large
  • Extra Large

US Synthetic Diamond Market End Use Outlook

  • Consumer Goods
  • Manufacturing
  • Technology
  • Healthcare
  • Research

US Synthetic Diamond Market Application Outlook

  • Jewelry
  • Industrial
  • Electronics
  • Medical
  • Aerospace

US Synthetic Diamond Market Purity Level Outlook

  • Gem Quality
  • Industrial Quality
  • Synthetic Quality

US Synthetic Diamond Market Production Method Outlook

  • High Pressure High Temperature
  • Chemical Vapor Deposition
  • Detonation Synthesis
  • Laser Ablation

Report Scope

MARKET SIZE 20243.18(USD Billion)
MARKET SIZE 20253.43(USD Billion)
MARKET SIZE 20357.27(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)7.8% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledDiamond Foundry (US), De Beers Group (GB), Altrd (US), Pure Grown Diamonds (US), Gemesis (US), MiaDonna (US), Brilliant Earth (US), Nikki's Diamonds (US)
Segments CoveredApplication, End Use, Production Method, Purity Level, Size
Key Market OpportunitiesGrowing consumer preference for sustainable jewelry drives demand in the US synthetic diamond market.
Key Market DynamicsRising consumer preference for sustainable jewelry drives growth in the US synthetic diamond market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Synthetic Diamond Market in 2024?

The US Synthetic Diamond Market is expected to be valued at 2.95 USD Billion in 2024.

What is the projected market size of the US Synthetic Diamond Market by 2035?

By 2035, the US Synthetic Diamond Market is anticipated to be valued at 8.87 USD Billion.

What is the expected compound annual growth rate (CAGR) for the US Synthetic Diamond Market from 2025 to 2035?

The US Synthetic Diamond Market is expected to grow at a CAGR of 10.52 % from 2025 to 2035.

Which product segment is projected to dominate the US Synthetic Diamond Market in 2035?

The 'Stone' segment is projected to dominate the market at 2.67 USD Billion by 2035.

What is the estimated market value of the Bort segment in the US Synthetic Diamond Market by 2035?

The Bort segment is estimated to reach a market value of 2.5 USD Billion by 2035.

Who are the key players in the US Synthetic Diamond Market?

Major players include MiaDonna, De Beers, Chatham Created Gems, and Scio Diamond Technology among others.

What will be the market value of the Dust segment in 2035?

The market value of the Dust segment is expected to be 1.5 USD Billion in 2035.

What challenges does the US Synthetic Diamond Market face?

Challenges include competition from natural diamonds and the need for innovation in production techniques.

How has the market for Grit evolved from 2024 to 2035?

The Grit segment is expected to grow from 0.45 USD Billion in 2024 to approximately 1.4 USD Billion in 2035.

What impact do emerging trends have on the US Synthetic Diamond Market?

Emerging trends such as eco-friendly sourcing and customization opportunities are driving market growth and innovation.

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