> Synthetic diamonds: opportunities and growth of the industry

Synthetic diamonds have emerged not so far. Only 50 years ago gemologists have succeeded to replicate the natural processes of carbon seeds’ transformation into precious gems so loved by people. Yet, only a few last decades brought the popularity to this challenging in its nature product.

Why challenging and how did the fast growth occur and what are the promising opportunities in the synthetic diamond industry – read below.


**So, why challenging?**
The emergence of synthetic diamonds became a true revolution in the jewelry industry. Just a half-century ago nobody can imagine that diamonds can be manufactured in a factory. The value of natural diamonds, which had no analogs at those times, was mostly in their natural origin and the inability of people to control the growth process. We could only wait for the years and then take ready gems from the underground.
Synthetic diamonds turned the reality bottom-up. They challenged all the aspects of the value mentioned above. The process became human-controlled. People should not wait for the years but they can have their gems in a few hours. We do not need to drill the Earth and harm it each time we want to have diamonds. And, finally, synthetic diamonds are identical in their features to natural gems. They are identical analogs.

**How did the fast growth occur?**
Synthetic diamonds (https://www.madestones.com/our-man-made-diamonds/) are the children of technological progress. Thanks to technologies, manufacturers managed to provide the conditions of high pressure and high temperature in the factory’s facilities.

Technologies made it possible to refuse mining carbon that was used as a raw material. Instead of this, new, more sustainable, ways were found to decrease environmental effects.

Thanks to technologies, we now have many companies with CO2-neutral status, like Madestones, for example.
Thanks to technologies, the time of production was shortened from weeks to days and now to hours.
This list of “thanks to technologies” can be continued with more and more points. Be sure it would be continued with new inventions.

**And here is the point for the transition to opportunities.**
Synthetic diamonds were accepted as a jewelry fashion option recently. Much time was needed to prove the reliability and true value of this product. Yet, its jewelry potential is obvious.

In 2020, the market size for synthetic diamonds was 19.3 billion dollars. It is estimated to reach 49.9 billion dollars by 2030 (https://www.europeanbusinessreview.com/the-growth-and-opportunities-in-the-lab-grown-diamond-industry/).

And the volumes will grow just because of synthetic diamonds’ acceptance not only in jewelry but also in many other areas. Construction, aviation, medicine, optic, and electronic are just a few of them, where solidity, electrical conductivity, and price of synthetic diamonds open new horizons for further improvements.