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The Global Artificial Synthesis Diamond Market was valued at USD 17.8 Billion in 2023 and is projected to reach USD 29.4 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period (2024-2030). This growth is driven by increasing demand from jewelry, industrial applications, and technological advancements in High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD) production methods.

As the world shifts toward sustainable and ethical gem alternatives, lab-grown diamonds are revolutionizing both luxury and industrial sectors. In this blog, we profile the Top 10 Companies in the Artificial Synthesis Diamond Industry—innovators who are redefining diamond production with cutting-edge technology and environmental responsibility.

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🔟 1. Diamond Foundry Inc.

Headquarters: San Francisco, California, USA
Key Offering: CVD-grown diamonds for jewelry and industrial use

Diamond Foundry is a pioneer in carbon-neutral diamond production, using 100% renewable energy for its CVD processes. Their diamonds are chemically identical to mined diamonds and have gained popularity among luxury consumers.

Key Innovations:

• Vertically integrated production from raw material to finished jewelry
• Proprietary plasma reactor technology
• Certified carbon-neutral production since 2016

Download FREE Sample Report: Artificial Synthesis Diamond Market – View in Detailed Research Report

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9️⃣ 2. De Beers Group (Lightbox Jewelry)

Headquarters: London, United Kingdom
Key Offering: Affordable lab-grown diamonds under Lightbox brand

After decades in natural diamonds, De Beers entered the synthetic market in 2018 with Lightbox, bringing economies of scale and industry expertise to lab-grown production.

Key Innovations:

• $94 million production facility in Oregon, USA
• Standardized pricing at $800 per carat
• Focus on fashion jewelry rather than engagement segment

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8️⃣ 3. Zhongnan Diamond CO.,LTD

Headquarters: Zhengzhou, China
Key Offering: Industrial-grade synthetic diamonds

As China’s largest producer, Zhongnan specializes in HPHT diamonds for industrial applications including cutting tools, drilling, and electronics.

Key Innovations:

• Annual production capacity exceeding 3 billion carats
• Advanced diamond saw blade technology
• Strategic partnerships with manufacturing industries

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7️⃣ 4. Swarovski Group

Headquarters: Wattens, Austria
Key Offering: Created Diamonds collection

The crystal giant entered the synthetic diamond market in 2016, leveraging its brand recognition and global retail network.

Key Innovations:

• Ethical production commitment with full traceability
• Focus on designer collaborations
• Integration with existing luxury distribution channels

Download FREE Sample Report: Artificial Synthesis Diamond Market – View in Detailed Research Report

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6️⃣ 5. HENAN HUANGHE WHIRLWIND CO.,LTD.

Headquarters: Zhengzhou, China
Key Offering: Industrial synthetic diamond powder and grit

A major player in abrasive materials, Huanghe Whirlwind supplies synthetic diamond products to manufacturing sectors globally.

Key Innovations:

• Specializes in micron and nano diamond powders
• Advanced sorting and grading technology
• Custom formulations for specific industrial applications

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5️⃣ 6. Washington Diamonds

Headquarters: Washington, USA
Key Offering: Premium CVD diamonds

This US-based producer focuses on high-quality gemstones with exceptional clarity and color characteristics.

Key Innovations:

• Specializes in fancy colored diamonds
• Proprietary post-growth treatment processes
• Direct-to-consumer sales model

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4️⃣ 7. New Diamond Technology

Headquarters: Saint Petersburg, Russia
Key Offering: Large-carat gem-quality diamonds

The Russian producer has gained attention for creating some of the world’s largest lab-grown diamonds exceeding 10 carats.

Key Innovations:

• Record-breaking 16-carat CVD diamond production
• Unique coloration processes
• Participation in Russian state-funded research programs

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3️⃣ 8. Pure Grown Diamonds

Headquarters: Singapore
Key Offering: IIa type diamonds (highest purity)

Formerly known as Gemesis, this pioneer in CVD technology produces high-quality gems with minimal impurities.

Key Innovations:

• First company to commercially produce pink diamonds
• Patented diamond growth chamber designs
• Emphasis on Type IIa diamond production

Download FREE Sample Report: Artificial Synthesis Diamond Market – View in Detailed Research Report

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2️⃣ 9. Element Six (De Beers Group)

Headquarters: Luxembourg
Key Offering: Supermaterials and industrial diamonds

De Beers’ industrial division focuses on advanced synthetic diamond applications beyond jewelry.

Key Innovations:

• Leading supplier for quantum computing applications
• Diamond-based thermal management solutions
• Research partnerships with academic institutions

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1️⃣ 10. ALTR Created Diamonds

Headquarters: New York, USA
Key Offering: Luxury lab-grown diamond jewelry

Formerly R.A. Riam Group, ALTR focuses on the premium jewelry market with designer collaborations.

Key Innovations:

• Proprietary cutting techniques for maximum brilliance
• Blockchain-based provenance tracking
• High-profile collaborations with celebrity designers

Get Full Report Here: Artificial Synthesis Diamond Market – View in Detailed Research Report

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💎 Outlook: The Future of Diamonds Is Lab-Grown

The artificial diamond market is experiencing transformative growth as technological advancements reduce production costs and improve quality. Consumer preferences are shifting toward ethical, sustainable alternatives without compromising on quality or beauty.

📈 Key Trends Shaping the Market:

• Improvements in CVD technology enabling larger, higher-quality stones
• Growing acceptance among luxury consumers and retailers
• Expansion into industrial applications including quantum computing
• Increased investment in marketing and brand building

Get Full Report Here: Artificial Synthesis Diamond Market – View in Detailed Research Report

The companies leading this revolution are not just creating alternatives to mined diamonds—they’re building a new industry that combines cutting-edge science with sustainable luxury.