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Global Lab Grown Diamond Market Report 2023: Rising Sustainability Concerns Bodes Well for Sector

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Dublin, March 09, 2023 (GLOBE NEWSWIRE) — The “Global Lab Grown Diamond Market: Analysis By Manufacturing Method, By Size, By Type, By Nature, By Application, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.

The global lab grown diamond market was valued at US$22.45 billion in 2022. The market value is forecasted to grow to US$37.32 billion by 2028.

In a strong validation of the category, the Federal Trade Commission (FTC) in the US expanded its definition of diamonds to include lab-grown in 2018 (previously referred to as synthetic), but still requires a lab-grown designation to be transparent about origin. The global lab grown diamond market is associated with manufacturing and sale of lab grown diamonds (LGD) by entities (organizations, sole traders and partnerships) to fashion, jewelry, and industrial sectors for a variety of end use applications in biotechnology, quantum computing, high-sensitivity sensors, thermal conductors, optical materials, adorned accessories, etc. The global lab grown diamond market volume was at 9.13 million carats in 2022.

The lab grown diamond market has taken off in the past 5-7 years. Factors such as rapid decline in prices, increasing consumer awareness, rising disposable income, increased sense of style and personalised fashion among millennials and gen Z, rising government restrictions on the purchase and sale of conflict diamonds and increasing applications of lab grown diamond in biotechnology, quantum computing, high sensitivity sensors, laser optics, medical equipment, etc. are expected to drive the overall market growth in the forecasted period.

The market is anticipated to grow at a CAGR of approx. 9% during the forecasted period of 2023-2028.

Market Segmentation Analysis:

  • By Manufacturing Method: The report provides the bifurcation of the market into two segments based on manufacturing method: chemical vapor deposition (CVD) and high pressure high temperature (HPHT). Chemical vapor deposition lab grown diamond market is both the largest and fastest growing segment of global lab grown diamond market owing to low costs associated with CVD production, increasing demand for lab grown diamonds by end user industries, low space consumption of CVD machines and increased ability of CVD techniques to grow diamonds over large areas and on various substrates with fine control over chemical impurities and properties of diamond produced.
  • By Size: The market on the basis of size has been divided into three segments: below 2 carat, 2-4 carat, and above 4 carat. Below 2 carat lab grown diamond market is both the largest and fastest growing segment of global lab grown diamond market owing to growing popularity of below 2 carat weight diamonds in jewelry market, affordable price range of these diamonds, rising disposable income, rapidly expanding working class population and increased demand for sustainable and eco-friendly alternative to naturally mined diamond.
  • By Type: The report provides the bifurcation of the market into two segments based on type: polished and rough. Polished lab grown diamond market is both the largest and fastest growing segment of lab grown diamond market owing to growing application of these diamonds in jewelry, electronic & healthcare sector, rapidly expanding fashion industry, increasing technological advancements in diamond cuttings & polishing processes and high end jewelers adopting for cost efficient, better quality and customizable polished lab grown diamonds.
  • By Nature: On the basis of nature, the global lab grown diamond market can be divided into two segments: colored and colorless. Colored lab grown diamond market is the fastest growing segment of global lab grown diamond market owing to increasing number of companies trading in fancy colored diamonds, rapidly expanding fashion industry, rising popularity of colored diamond jewelry among millennials & gen Z, urbanization, rising demand of extravagant colored lab grown diamonds in haute couture and the prestige, royalty & status associated with owing colored diamonds.
  • By Application: The report offers the division of the market into two segments based on application: jewelry and industrial. Lab grown diamond jewelry market is both the largest and fastest growing segment of global lab grown diamond market owing to increasing number of jewelry store, rising disposable income, increasing awareness about ongoing fashion trends among millennials & Gen Z, allure of larger diamond within same price range and lab grown diamond manufacturing companies providing known origins of every diamond along with verified records, quality certificates and traceable manufacturing source.
  • By Region: The report provides insight into the lab grown diamond market based on the regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific lab grown diamond market in the largest & fastest growing region of global lab grown diamond market owing to rapidly growing urban population, large consumer base, increasing manufacturing activities by various end-user industries, rising internet penetration and the presence of numerous reactor plants for synthetic diamond manufacturing. Asia Pacific lab grown diamond market is divided into five regions on the basis of geographical operations, namely, China, Japan, India, South Korea and Rest of Asia Pacific, where China lab grown diamond market held the largest share in Asia Pacific lab grown diamond market owing to rapidly growing middle class, followed by India.

Market Dynamics:

Growth Drivers:

The global lab grown diamond market has been growing over the past few years, due to factors such as rapid urbanization, fall in prices of lab grown diamonds, increasing demand from end user industries, fast growing jewelry industry, rising demand for lab grown diamonds among millennials, etc. Positively expanding end user industries, increasing number of manufacturing activities & rapidly developing emerging economies are positively contributing towards increased demand for lab grown diamonds used for cutting, grinding, shaping, polishing, drilling and hard coatings for industrial equipment such as wire-drawing dies, quarrying saws, grinding wheels, machine tools, and mining drills etc. across a wide range of end user industries like construction, semiconductors, electronics, mining, oil and gas, precision machining, etc.

So, increasing demand from various end user industries will continue to boost the growth of global lab grown diamond market.

Challenges:

However, the market growth would be negatively impacted by various challenges such as complexities in manufacturing process, increased competition from naturally mined diamonds, etc. There is an increased preference for naturally mined diamonds as these diamonds are seen to be unique, rare, special and one of a kind, in comparison to lab grown diamonds that are produced in bulk and have no uniqueness or supply constraints attached to them.

Also, since there is no rarity attached to them, the value of lab grown diamonds will continue to depreciate in forecasted years, negatively impacting the resale value of these diamonds and making it more costly to upgrade them in the future, impeding the growth of lab grown diamonds in the upcoming years.

Trends:

The market is projected to grow at a fast pace during the forecasted period, due to various latest trends such as increasing consumer awareness, rising sustainability concerns, advancements in lab grown diamond production technologies, etc. Artificial intelligence in lab grown diamond market is associated with providing advanced analytics, pricing, grading, and sorting technologies to simplify & streamline the real-time pricing process by analyzing market data, pricing trends, and other factors needed to provide a more accurate & updated diamond pricing estimates, making the process more efficient, convenient and effective for traders, sellers and buyers.

Competitive Landscape:

Lab grown diamond market has been moderately fragmented due to the presence of numerous international, regional and local vendors. In order to expand their consumer base & gain larger market share, lab-grown diamond companies have been facilitated by increased market competition to innovate, focus on improvement in company’s production capacity, and establish strategic partnerships, mergers, acquisition & collaboration. The key players of the market are:

  • Henan Huanghe Whirlwind Co.,Ltd.
  • New Diamond Technology Company
  • Swarovski International Holding AG (Swarovski AG)
  • WD Lab Grown Diamonds
  • Applied Diamond, Inc.v De Beers Group (Element Six)
  • HEYARU Group
  • ABD Diamonds
  • Clean Origin LLC
  • Eco Lab Diamonds
  • Vibranium Lab Grown Diamonds

Looking around the world, more and more diamond manufacturers and diamond brands have begun to invest in the technology development, commercial production, market cultivation and marketing activities of lab-grown diamonds to tap the vast market. In 2017, Swarovski officially launched its lab-grown diamond brand Diama in North America. And, in 2021, Pandora announced that it would abandon natural diamonds and use lab-grown diamonds to produce its new brand, Pandora Brilliance.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact of COVID-19

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Fall in Prices of Lab Grown Diamonds
6.1.2 Increasing Demand From End User Industries
6.1.3 Rapid Urbanization
6.1.4 Fast Growing Jewelry Industry
6.1.5 Rising demand of Lab Grown diamonds among Millennials
6.2 Challenges
6.2.1 Complexities in Manufacturing Process
6.2.2 Increased Competition From Naturally Mined Diamonds
6.3 Market Trends
6.3.1 Increasing Consumer Awareness
6.3.2 Integration of Artificial Intelligence (AI)
6.3.3 Rising Sustainability Concerns
6.3.4 Advancements in Lab Grown Diamond Production Technologies

7. Competitive Landscape

8. Company Profiles

Companies Mentioned

  • Henan Huanghe Whirlwind Co.,Ltd.
  • New Diamond Technology Company
  • Swarovski International Holding AG (Swarovski AG)
  • WD Lab Grown Diamonds
  • Applied Diamond, Inc.v De Beers Group (Element Six)
  • HEYARU Group
  • ABD Diamonds
  • Clean Origin LLC
  • Eco Lab Diamonds
  • Vibranium Lab Grown Diamonds

For more information about this report visit https://www.researchandmarkets.com/r/5ud5ft

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Artificial Intelligence

Cisco Doubles Down on Network Assurance with AWS

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News Summary: 
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.

With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. 
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
Availability
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research

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The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.

Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players. 
Download Sample Pages: https://www.alliedmarketresearch.com/request-sample/13364
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
CAGR
19.9 %
No. of Pages in Report
450
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Drivers
Growing demand for AI-based solutions
The rising need for intelligent business processes
Opportunities
Advancements in big data analytics.
The availability of high-performance computing systems.
Restraints
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
Buy this Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/artificial-neural-network-market/purchase-options
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment. 
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue.  The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/13364
Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
Trending Reports in ICT & Media Industry:
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int’l: +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: [email protected]
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New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers

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WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.

Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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