Henan E-Grind Abrasives Co., Ltd.
Henan E-Grind Abrasives Co., Ltd.

The Rapidly Developing Market of Lab-Grown Diamond

In recent years, global diamond production has declined year by year, and the production of Lab-Grown diamonds, which are substitutes for natural diamonds, has risen. The penetration rate in 2020 is only 6.3%, and there is ample room for development. In addition, the production cost of Lab-Grown diamonds is relatively low, and the sales price of natural diamonds has dropped again and again - from 80% of the price of natural diamonds to 20%. More and more consumers are willing to buy Lab-Grown diamonds with higher cost performance. In this context, world-renowned jewelers have all begun to develop the field of cultivating diamonds, and the cultivating diamond market is ready to take off.

Major listed companies in the jewelry industry: Chow Tai Sang (002867), Chow Tai Fook (HK01929), Chao Acer (002345), Luk Fook Group (HK002590), etc.

1.The output of Lab-Grown diamonds rises against the trend 
2017-2020 global diamond production dropped from 152 million carats in 2017 to 111 million carats in 2020, but the output of Lab-Grown diamonds is on the rise. It was 6 million carats in 2019 and increased by 1 million carats by 2020. The production scale is small, but from the perspective of the growth rate of penetration rate, the growth of the Lab-Grown diamond industry is relatively rapid-the penetration rate has risen from 1.9% in 2019 to 6.3% in 2020, an increase of 4.4 percentage points. 

2. Lab-Grown diamonds are a substitute for natural diamonds

The reason why Lab-Grown diamonds have grown so rapidly is mainly because, apart from the production method, Lab-Grown diamonds and natural diamonds (mineral diamonds) have no difference in chemical composition, hardness, refractive index and dispersion, and can be used as substitutes for natural diamonds. In addition, the target customers of Lab-Grown diamonds are young people with strong consumption power, and the market positioning is also light luxury jewelry. Compared with high-priced natural diamonds, more consumers are willing to accept Lab-Grown diamonds.

3. Many jewelers lay out to cultivate the diamond field

When other factors such as natural diamonds and Lab-Grown diamonds are the same, consumers will have more weight to consider price when choosing. According to the "Global Diamond Industry Report 2020-21", the proportion of the wholesale price of Lab-Grown diamonds to the retail price of natural diamonds has dropped from 80% to 35% from 2016 to 2020. With the large-scale production of Lab-Grown diamonds in the future, this proportion will continue. decline.

In addition, many well-known jewellers around the world such as Swarovski, Pandora, De Beers, etc. have also begun to develop the diamond field.

Swarovski's Lab-Grown diamond brand is officially sold in North America

Debeers launches cultivating diamond jewelry brand


  • Signet, the largest jewelry retailer in the U.S., begins selling Lab-Grown diamonds in both online and offline stores

  • LGDEX, the first online Lab-Grown diamond trading platform in the United States, was established in New York

  • Debeers issued a guidebook to customers to distinguish between natural diamonds and Lab-Grown diamonds

  • Rosy Blue announces the opening of an independent business line for training diamonds

Charles#Colvard, a world-renowned Moissanite jeweler, launches a series of Lab-Grown diamond wedding market


  • Pandora announced the full use of natural diamonds to cultivate a new series of diamonds. 

  • The world's largest CVD diamond company receives investment of US$200 million. 


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