lab grown diamonds

Diamonds are no longer solely a product of ancient geological processes. Scientists now create them in labs using two methods: HPHT, mimicking intense underground pressure and heat, and CVD, precisely layering carbon atoms. These lab-grown gems are chemically identical to mined ones, offering significant cost savings but lacking resale value.

Affordability And New Markets Drive Growth

With the upcoming wedding season – a time when gold remains an essential purchase for both investment and its auspicious significance – jewellers share what consumers may choose instead if they are planning to get married this year.

India's jewellery exports saw a significant drop in April. Geopolitical tensions in West Asia and market uncertainty impacted sales. Exports of cut and polished diamonds, lab-grown diamonds, and gold jewellery declined. However, silver jewellery exports experienced a substantial surge. This trend reflects global economic and political influences on the sector.

Indians are adapting their gold purchases, opting for lighter, more affordable jewellery and exploring alternatives like silver and diamonds. While tradition remains strong, consumers are making conscious choices, balancing emotional value with investment prudence. Experts suggest a diversified portfolio, with gold as a long-term hedge, as the industry navigates changing consumer behavior and economic shifts.

Select Segments Post Growth Despite Overall Slowdown

Odisha secured investment intents worth Rs 48,330 crore and projected 67,838 jobs during a Gujarat roadshow. Chief Minister Mohan Charan Majhi highlighted the state's potential for industrial growth, emphasizing its mineral reserves, coastline, and proactive support for investors. The outreach saw significant interest across various sectors, positioning Odisha as a key player in Eastern India's development.

My wedding ring is probably the biggest flex says Shibani

The industry of lab-grown diamonds has grown steadily over the past decade and is still in the lead to the point of nearly rivalling natural diamonds. But, maintaining and cleaning these lab-grown diamonds can be a task. Let’s take a swift look at how to clean and maintain these man-made diamonds.

A report has flagged that not all lab-grown diamonds are sustainable and that they need tremendous amounts of energy—requiring a temperature close to 20% of that of the sun’s surface—for production.

Lab-grown diamonds (LGDs) are gaining traction as an ethical and sustainable alternative to mined diamonds, dispelling common misconceptions about their quality and environmental impact. LGDs possess identical chemical, physical, and optical properties to mined diamonds, graded by the same standards.

Lab-grown diamonds are increasingly becoming a popular choice for engagement rings, offering couples greater freedom in design and a better value proposition. This allows for dream designs and larger stones within budget, reflecting modern priorities. While natural diamonds hold deep traditional and emotional significance, especially in some cultures, lab-grown options provide a smart, conscious choice for many.

Lab-grown diamonds are gradually making their mark in the Indian wedding jewellery market

Embracing change, lab-grown diamonds merge nature's marvels with cutting-edge technology to offer near-flawless, ethically produced gems. These sustainable, affordable, and colourful diamonds are as real as mined ones, with identical physical and chemical properties, leading the way to a future of beautiful, accessible jewellery.

The popularity of lab-grown diamonds surged in recent years, driven by sustainability concerns and ethical considerations. However, industry experts predict a decline in demand as consumers become aware of drawbacks such as lack of rarity and transparency issues. Lab-grown diamonds, while offering affordability and environmental benefits, may struggle to compete with the timeless allure and intrinsic value of natural diamonds. This shift reflects changing consumer preferences and evolving perceptions within the diamond industry.