Synthetic Diamond Market Is Expected to Grasp the CAGR of 7.57% by 2029
Market Analysis and Size When it comes to synthetic diamonds, most of the jewellers would be able to source the diamonds directly from the laboratories. This process generally works the same, such as, if customer would like to design an engagement ring then they will ask for a synthetic diamond to be placed in the middle of the band. Due to their physical and chemical properties , such as widest optical transparency window, wide band gap, chemical inertness, electric insulation, hardness, exceptional thermal conductivity, high electrical carrier mobility, high resistance to thermal shock, and excellent mechanical properties, have made it extensively useful option for application in electronic devices. Data Bridge Market Research analyses that the synthetic diamond market was valued at USD 14.08 billion in 2021 and is expected to reach USD 25.24 billion by 2029, registering a CAGR of 7.57 % during the forecast period of 2022 to 2029. In addition to the market insi...