The global synthetic diamond industry is constantly evolving with key players employing different strategies to stay ahead. From the launch of new lab-grown diamonds to the establishment of new facilities, the target industry is witnessing a rapid transformation.
In January 2025
, Element Six launched an innovative Cu-diamond product at Photonics West 2025. The new product is a copper-plated diamond composite material having high electrical and thermal conductivity. It is designed to address the thermal management challenges in advanced semiconductor devices.Cu-diamond is a cost-effective solution that enables greater performance and reliability for applications like GaN RF devices, high-performance computing (HPC), and artificial intelligence (AI). It has the tendency to provide high performance at a lower cost.
In November 2023
, Adamas One Corp. announced its first delivery of colorless lab-grown diamonds in the D, E, and F color range. The successful development of these colorless diamonds is the result of the company’s research and development (R&D) efforts to improve white diamond recipes.Adamas used its proprietary machinery and processes to create these fine lab-grown diamonds. They can be used in a variety of industries, including jewelry, tech, aerospace, and electronics.
In September 2023
, KDT Diamond received approval from the Ministry of Commerce and Industry of India to establish a lab-gown diamond manufacturing and polishing plant in Surat, India. The new facility is intended to produce lab-grown diamonds of up to 100,000 carats per year.These developments reflect the industry’s commitment to meet growing demand for lab-grown diamonds from various industries. Introduction of new synthetic diamonds, like that of Adamas’ colorless lab-grown diamond, will play a key role in meeting evolving end user needs.
KDT Diamond’s expansion in India through new facility establishment highlights its vision of strengthening its global footprint and meeting rising demand for synthetic diamonds across industrial and commercial applications. Similarly, Element Six’s innovation will help to address the thermal management challenges in industries like electronics.
According to Coherent Market Insights (CMI), the global synthetic diamond industry is set to exhibit a CAGR of 7%, totaling around US$ 38.78 billion by 2030. This growth will likely be driven by continuous innovation in production technologies and the expansion of new facilities in new regions.
Lab-grown diamonds are witnessing high demand from various industries. This is mainly due to their environmental, ethical, and economic benefits. These diamonds are being widely used in industrial cutting and drilling tools, jewelry, electronic products, and medical equipment.
Rising demand for synthetic diamonds from semiconductors and electronics is set to boost sales. These lab-grown diamonds are widely used as heat spreaders and substrates for electronic devices, owing to their high thermal conductivity and optimal electrical insulation properties.
Lab-grown diamonds are also being used in cutting and grinding tools. Thus, surging demand for super abrasive tools from the industrial sector will likely fuel sales of synthetic diamonds during the assessment period.
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