The current market for “cultured” diamonds, for both gem and industrial quality, is one of limited supply due to the lack of laboratory operators and furthermore, technological limitations within the various production processes. However, conservative estimates suggest the U.S. “cultured” diamond market to be approximately $1.5 billion (10% of total diamond wholesale revenues).
Market studies conducted by competitors over the past nine years indicate that the emerging market for “cultured/synthetic” diamonds demonstrates increasing demand and considerable upside based on the product quality and affordability for consumers. Furthermore, the introduction of “cultured” diamonds into foreign markets is anticipated to drive additional market demand and growth.
Worldwide “Cultured Diamond” productions currently flowing into the gem and jewelry industry generally estimated, is only 20,000 carats or less annually, which is a very small fraction indeed, considering the demand for Cultured is easily 10% of the world’s 150+ million carats of natural gem quality rough Natural diamonds mined today.