The Federal Trade Commission (FTC) has changed its definition of diamonds to expand its scope to include man-made diamonds. The FTC has further qualified the word “cultured” when describing man-made stones. Marketers must use words like “man-made”, “lab-grown” or “foundry” to avoid confusion about a diamond’s origins. Marketers are explicitly told to avoid the word “synthetic” as it would create confusion and lead consumers to believe it is an artificial diamond. and Reactions from organizations like the DPA is awaited. They’ve been advocating for a global standard wherein the word “diamond” on its own implied natural origin.

The article cited AMA's "Global Synthetic Diamond Market Study" explored substantial growth of %. According to the report, Rising Consumption of Polished Diamond in Jewelry Industries is one of the primary growth factors for the market. Cost Advantage of Synthetic Diamond is also expected to contribute significantly to the Synthetic Diamond market. Overall, applications of Synthetic Diamond, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Manufacturing Process, such as High Pressure, High Temperature (HPHT), is boosting the Synthetic Diamond market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Construction and Mining, is boosting the Synthetic Diamond market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Synthetic Diamond market identified that the demand is rising in many different parts of the world as "Improvement in Marketing and Promotional Strategies ". Furthermore, some recent industry insights like "In 2019, Former Dominion chief executive of world’s third largest diamond miner is launching a company making lab-grown diamonds. According to the report, “The world’s largest diamond miner De Beers to start selling lab-grown diamond jewellery in September for the first time. The miner is spending USD 94 Million on a Plant in Oregon to produce the diamond using cheap hydropower, but is targeting the fashion jewellery market.”" is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Synthetic Diamond market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Synthetic Diamond market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Synthetic Diamond Market Study

Data Triangulation
The overall Synthetic Diamond market size is calculated using market estimation process, the Synthetic Diamond market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Synthetic Diamond market size has been validated using both top-down and bottom-up approaches.