Synthetic Diamond Market Global Industry Analysis 2015 - 2023

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Synthetic Diamond Market - Global Industry USD 4315.5

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REPORT DESCRIPTION

Demand for synthetic diamonds is increasing due to strong economic growth in the developing markets,

which continues to create a wealthy middle class. Furthermore, the wealthy middle class are often

considered primary consumers of synthetic diamonds. Hence, demand for synthetic diamonds is rising at a

significant rate and is expected to increase substantially in the near future. Changing consumer

preferences for branded and authentic jewelry is anticipated to be another key factor boosting the global

synthetic diamond market. However, the perception of consumers that synthetic diamonds are cheap,

fake, an imitation, and artificial is the keyfactor hindering the growth of the synthetic diamond market

globally.

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Diamonds are very high in demand as a jewelry item and make a valuable investment option globally. They

are extremely hard and have a complex structure. Additionally, diamonds are one of the most precious

stones. They possess a broadband spectral transparency that stretches from ultraviolet rays to infrared

rays and have excellent thermal conductivity. Thus, diamonds are often considered as an ideal material for

multi spectral optical applications. On the other hand, synthetic diamonds are similar to natural diamonds;

however, they are artificially produced by different manufacturing...