Astute Analytica projects the global lab-grown diamond market will reach US$56.94 billion by 2032, driven by rising demand for sustainable luxury, wider adoption of CVD (chemical vapor deposition) production and stronger preference from Millennials and Gen Z. The report frames the expansion as a structural market shift with clear implications for design, sourcing and retail assortment.

  • Market size: US$56.94 billion by 2032 (Astute Analytica).
  • Primary drivers: sustainable luxury demand, CVD technology adoption, younger‑consumer preference.
  • Segment strength: accelerated growth noted in fashion jewellery channels.
  • Geographic scope: global market dynamics with implications for US retailers and wholesalers.

Context: where lab‑grown fits into 2025–26 jewellery dynamics

The report’s drivers align with broader trade movements: traceability and sustainability are now procurement filters for a meaningful subset of buyers, while CVD technology has improved consistency of colour and clarity at scale. For designers and producers that work in tactile contrasts — satin‑finished gold paired with micro‑pavé lab‑grown melee or open‑backed solitaire mounts that show the stone’s vitreous luster — lab‑grown supply permits predictable, repeatable runs without the sourcing variability of natural stones.

For the fashion segment referenced in the short description, lab‑grown stones enable lower unit costs and tighter colour matching across collections. That supports contemporary quiet‑luxury aesthetics: restrained proportions, substantial heft in metal work, knife‑edge shanks and controlled surface finishes rather than overt ornamentation.

Impact: what US retailers, wholesalers and investors should consider

Retailers should reassess assortment strategy by price tier and customer profile. Younger cohorts cited in the report favour sustainability claims and clear provenance — retailers will need to pair lab‑grown inventory with transparent certificates and factual messaging rather than emotive storytelling. Merchandising can emphasise technical attributes (cut, consistent colour grade, setting style) and tactile quality — silky nacre contrasts, substantial clasp mechanisms and well‑engineered hinge systems — to justify price bands.

On margins and pricing, the Astute Analytica projection implies expanding supply and competition; buyers and wholesalers will need tighter sourcing controls and SKU rationalisation to avoid excess inventory in lower‑margin fashion lines. Investors and category managers should view the growth projection as a signal to separate assortments by channel: demand in fashion and younger buyers will not automatically translate to equivalent sales in traditional high‑jewellery or collector segments.

Finally, merchandising and marketing should adopt clear, factual claims around CVD origin, recyclability of metals and certificate traceability. That approach supports conversion with Millennial and Gen Z buyers while preserving a quiet‑luxury positioning for higher‑ticket pieces where finish, fit and craft remain the primary value cues.

Image Referance: https://www.globenewswire.com/news-release/2026/02/06/3234023/0/en/Lab-Grown-Diamond-Market-to-Reach-US-56-94-Billion-by-2032-Driven-by-Sustainable-Luxury-Demand-CVD-Technology-Adoption-and-Rising-Preference-Among-Millennials-and-Gen-Z-Astute-Anal.html