{"id":192011,"date":"2025-09-30T10:13:08","date_gmt":"2025-09-30T10:13:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/192011\/"},"modified":"2025-09-30T10:13:08","modified_gmt":"2025-09-30T10:13:08","slug":"dmcc-forecasts-100-billion-lab-grown-diamond-market-by-2032","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/192011\/","title":{"rendered":"DMCC forecasts $100 billion lab-grown diamond market by 2032"},"content":{"rendered":"

Dubai: The global lab-grown diamond (LGD) market could be worth between $60 billion and $100 billion by 2032, according to forecasts presented at the second Lab-Grown Diamond Symposium hosted by DMCC in Dubai.<\/p>\n

The event, held under the theme \u201cFrom Mass to Meaning: Creativity, Technology and Transformation in Lab-Grown Diamonds\u201d, brought together more than 150 international stakeholders from the diamond, technology and innovation sectors.<\/p>\n

Prospects beyond jewellery<\/p>\n

Industry experts highlighted how LGDs are expanding into semiconductors, photonics, quantum computing, and other high-technology fields, thanks to their thermal conductivity, optical clarity, and durability. These properties, combined with cost efficiency, are making them attractive for advanced industrial use.<\/p>\n

The symposium also explored the creative potential of LGDs in fashion and lifestyle products. Designers are incorporating them into items such as sunglasses, shoes, wearable technology, and interiors, offering customisable options not always possible with natural diamonds.<\/p>\n

Dubai\u2019s dual status as a global diamond trade centre and a hub for tech-driven innovation positions the emirate as a key player in unlocking growth across luxury, industrial, and high-tech applications for LGDs.<\/p>\n

Quantum computing, semiconductors<\/p>\n

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said:
\u201cLab-grown diamonds are powering global innovation \u2013 from quantum computing and semiconductors to jewellery and fashion. <\/p>\n

“With the market set to reach $60\u2013$100 billion by the early 2030s, this is among the most dynamic sectors worldwide. Dubai is uniquely placed to connect its luxury, industrial and high-tech dimensions, and DMCC is the platform where that convergence happens.\u201d<\/p>\n

DMCC is already home to over 30 lab-grown diamond companies, operating within its wider community of more than 1,350 precious stones firms. By hosting the symposium, DMCC aims to reinforce Dubai\u2019s role as a global hub for both natural and lab-grown diamond trade, while supporting the UAE\u2019s wider goals in technology, innovation, and precious stones industries.<\/p>\n

\"Justin<\/a><\/p>\n

Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant\u2014helping everyday readers navigate today\u2019s economy with confidence. <\/p>\n

Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions. <\/p>\n","protected":false},"excerpt":{"rendered":"Dubai: The global lab-grown diamond (LGD) market could be worth between $60 billion and $100 billion by 2032,…\n","protected":false},"author":2,"featured_media":192012,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[191,74,111804],"class_list":{"0":"post-192011","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-technology","10":"tag-uae-gold"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/192011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=192011"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/192011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/192012"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=192011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=192011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=192011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}