Leaps and Bounds

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Lab-grown diamonds growing market

By Deborah A. Yonick

Lab-grown diamonds aren’t going anywhere. These laboratory creations have demonstrated steady growth driven by consumer demand that has organically developed over the past decade. And according to industry experts, that growth is only going to continue.

In its long-term outlook for the diamond industry through 2030, global consultancy Bain & Co. expects lab-grown diamonds to be within 5 to 15 percent of diamond market share in the next decade. It comes to this expectation based on insights from lab-grown and natural sapphires.