Why Lab Made Diamonds Are Rising In Popularity Worldwide
In recent years, lab-made diamonds have seen a rise in popularity around the world as consumers become more aware of the environmental and ethical impacts of traditional diamond mining. Here are some statistics on the rising popularity of lab-made diamonds by country:
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United States: According to a recent survey, the market share of lab-made diamonds in the United States has grown from 1% in 2015 to 11% in 2020. This represents a tenfold increase in just five years and shows that lab-made diamonds are becoming an increasingly popular choice for American consumers.
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China: The market for lab-made diamonds in China has also seen significant growth in recent years. In 2019, the market share of lab-made diamonds in China was estimated to be around 5%, and it is expected to grow to around 10% by 2022.
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India: India is one of the largest diamond-consuming countries in the world, and the market for lab-made diamonds is also growing rapidly there. In 2020, the market share of lab-made diamonds in India was estimated to be around 6%, and it is expected to reach 10% by 2025.
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Europe: The market for lab-made diamonds in Europe is also growing, with an estimated market share of 8% in 2020. This is expected to increase to around 15% by 2025.
Overall, these statistics show that lab-made diamonds are becoming an increasingly popular choice for consumers around the world. They offer many of the same benefits as natural diamonds, but with a smaller environmental impact and a more affordable price point.