Market Snapshot:
Man-Made Diamonds also are known as synthetic diamond, lab-grown diamonds, cultured diamond, or a cultivated diamond. Man-made diamond is created in laboratories and research centers. They are pure carbon and its physical or chemical properties are identical to natural diamonds. Creation of man-made diamond includes various types of the process including HPHT (High-Pressure High Temperature) and CVD (Chemical Vapor Deposition).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Market Drivers
- Increasing Demand of Man-Made Diamond Due to Low Price
- Fueling Uses of Semiconductors Increases Man-Made Diamond Demand in Electronic Industries
Market Trend
- Up surging Demand in Healthcare, Optics, Construction and Mining Industries
- Rising Demand of Polished Man-Made Diamond
Restraints
- Growing Concern Regarding Lack of Choice
- Lack of Awareness about Man-Made Diamonds
Opportunities
Enlargement of Electronics and Healthcare Industries in Emerging Nations and Innovation of Technology to Avoid Impurities
Man-Made Diamond Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Mechanical Device, Optical Material, Electron Device, Jewelry and Others |
Type | Rough and Polished |
Distribution Channel | Online,Offline |
Process | High-Pressure High Temperature (HPHT),Chemical Vapor Deposition (CVD) |
Vendors Covered in the Study are:
Applied Diamond Inc. (United States), Element Six (E6) (United Kingdom), New Diamond Technology (Russia), Sandvik AB (Sweden), Peregrine Diamonds Ltd (Canada), Swarovski Group (Switzerland), De Beers (United Kingdom), Microwave Enterprises (United States), AOTC (United States) and Scio Diamond Technology Corporation (United States)
The Global Man-Made Diamond market is gaining huge competition due to involvement of United States and China companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
On 19th July 2018, De Beers Canada Inc. has acquired Peregrine Diamonds Ltd. The deal was established for 0.24 dollar per share in cash.
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.
Key Target Audience
Man- Made Diamonds Manufactures, Man- Made Diamonds Distributor/ Retailer, Government Research Organizations, Private Research Organizations, Semiconductor Industries and Others
What can be explored with Man-Made Diamond study:
Where Man-Made Diamond industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Vendors
Where Vendors should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Sumitomo Electric (Japan), Henan Huanghe Whirlwind (China), CR GEMS Diamond (China), Zhengzhou Sino-Crystal Diamond Co.Ltd (China) and ZhongNan Diamond (China).