Lab-grown Diamond Market

Lab-grown diamonds are having a moment—and the market is taking notice. As consumers grow more and more concerned about the environmental and moral cost of the goods they buy, synthetic diamonds have become an increasingly popular alternative to traditionally mined stones, according to Earther. The numbers are bearing this out in big way: Recent studies reveal that the market for lab-grown diamonds increased from 1 percent of the $14 billion rough diamond market in 2016 to an estimated 2 to 3 percent today. That’s good for a whopping $280 million to $420 million in sales. There will be more news in the coming months.