According to jewelry industry analyst Paul Zimnisky, sales of these man-made diamonds have increased from under $1 billion in 2016 to just under $12 billion in 2022. They represent just over 17% of the overall diamond market, according to diamond research firm Edahn Golan.
“What started as a skepticism, or a question of if it will be an embarrassment, now carries a sense of pride,” says Amish Shah, the founder of lab grown jewelry brand J’evar. “It’s the diamond of the future.”
