In 2023, synthetic diamond primary production in the US stood at a significant value. The forecast from 2024 onward projects a gradual decrease in production value from $93.29 million to $90.38 million by 2028. This represents a steady decline over the five-year period with an average annual decrease reflected in the five-year CAGR.
Year-on-year variation from 2024 to 2025 shows a slight decline of -0.8%, while from 2025 to 2026, there's a further reduction of -0.8%. This trend continues from 2026 to 2027, reflecting a -0.8% decrease, and again from 2027 to 2028, showing a similar -0.8% decrement.
Future trends to watch for include technological advancements that could disrupt the synthetic diamond market or shifts in global demand influencing U.S. production, alongside potential environmental regulations impacting production processes.
