Middle East and Africa Lab Grown Diamonds Market Industry Trends & Forecast Report, 2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Lab Grown Diamonds Market size at USD 0.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Lab Grown Diamonds Market size to grow at a CAGR of 6.79% reaching a value of USD 1.12 billion by 2030. The Middle East and Africa Lab Grown Diamonds Market is driven by increasing awareness of ethical and sustainable practices in diamond production in laboratories, coupled with a growing preference for conflict-free and eco-friendly alternatives to traditionally mined diamonds. Technological advancements in diamond synthesis methods, rising consumer demand for customizable jewelry, and the industry's focus on reducing environmental impact contribute to market growth. Additionally, stringent regulations on traditional diamond mining and a shift toward lab grown diamonds as...