( MENAFN - EIN Presswire) lab grown diamond market Diamonds are extensively utilized in the industrial sector and mechanical engineering operations for tools such as saws, drills, polishers DELAWARE, WILMINGTON, UNITED STATES, May 23, 2024 /EINPresswire / -- Lab Grown Diamonds Market by Manufacturing Method (HPHT, CVD), by Size (Below 2 carat, 2-4 carat, Above 4 carat), by Nature (Colorless, Colored), by Application (Fashion, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to a new report published by Allied Market Research, titled, "Lab Grown Diamonds Market," The lab grown diamonds market was valued at $24.0 billion in 2022, and is estimated to reach $59.
2 billion by 2032, growing at a CAGR of 9.6% from 2023 to 2032. ➡️Download Research Report Sample & TOC : In the past few years, there has been outstanding growth and innovation in the lab grown diamonds sector.
Lab-made diamonds are produced by setting a carbon seed in a microwave chamber and heating it to shape a glowing plasma ball. During this process, particles are shaped and hardened into diamonds within a few weeks. The only difference between lab grown diamonds and natural diamonds is that they do not come from the earth, however, they are produced in a laboratory using a machine.
In addition, the usage of advanced Technology &sa=Search#1141' style='color:blue'> Technology in the manufacturing of diamonds is accelerating, and the future of the diamond industry based in labor.