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LGD INDUSTRY GROWTH
India becomes second-largest diamond jewellery market with 12% global share, overtakes China and JapanIndia has emerged as the world’s second-largest diamond jewellery market, driven by rising incomes and strong demand from Gen Z and millenn...- Titan Company shares gain on ‘beYon’ debut, its first lab-grown diamond store. What are brokerages saying?Titan Company's shares rose as it prepares to launch its first lab-grown diamond store under the new brand 'beYon' in Mumbai. Experts offer...
- De Beers Group announces intention to close its lab-grown diamond jewellery brandDe Beers Group is set to close its Lightbox lab-grown diamond jewelry brand, reaffirming its dedication to natural diamonds. This decision ...
- New-age firms say lab-grown diamonds are not 'synthetic'New-age jewelry brands are opposing the term 'synthetic' for lab-grown diamonds (LGDs), citing incorrect equivalence with diamond simulants...
- Titan MD on falling profits, lab grown diamonds & shifting trendsTitan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this,...
- Are lab-grown diamonds forever? Examining their impact on the natural gems businessIt’s 2024, and that carefully crafted chain of the diamond business is now being disrupted. Enter lab-grown diamonds (LGD). A lab-grown dia...
- Four lakh workers face salary delays as lab diamond prices fallNearly four lakh workers in Surat's LGD industry face wage delays and job uncertainties due to falling prices of lab-grown diamonds, impact...
- Rising gold prices drive Indian consumers towards lab-grown diamondsThe recent rise in gold prices has shifted consumer interest towards lab-grown diamond (LGD) studded jewellery due to its affordability. Ma...
- Global glut takes shine off Indian lab-grown diamondsIndian lab-grown diamonds (LGDs) prices crashed by 45% in FY24 due to overproduction in global markets. Indian LGD exports dropped by 18.2%...
- Lab-grown diamond exports expected to grow by 7-9% in FY25: ReportThe Lab-grown Diamonds (LGDs) exports are set to rebound in FY25, with an expected growth of 7-9% to reach around US$1500-1530 million, as ...
- Lab-made diamonds grow on buyers this Dhanteras-DiwaliLab-grown diamonds, which emerged as a new category and an alternative to the pricier natural diamonds, became more popular in this year's ...
- Romancing the stone, and not breaking the bank: Why diamonds are a good deal this festive seasonSix months ago, a 1-carat LGD ring at the retail level was priced at ₹2 lakh. But now it costs ₹80,000-₹1 lakh. Similarly, a 1-carat natura...
- Lab-grown diamonds set to catch festive sparkleEven high-net-worth individuals (HNIs) have taken a shine to lab-grown diamonds, which earlier attracted mainly the 18-35 age group that co...
- Exports of lab-grown diamonds slump 28.57% YoY despite government backingManufacturers of lab-grown diamonds (LGD) – which are 80% cheaper than natural diamond – also claimed that export volumes have increased wi...
- Blackstone acquires diamond certification co IGI for $570 mnBlackstone on Sunday said that it has acquired International Gemological Institute (IGI) from China's Fosun and Roland Lorie, part of the f...
- Shining bright: Why Indian exports of lab grown diamonds have risen six-fold in three yearsLGDs have been gaining traction globally because of factors such as price and awareness about conflict diamonds. Being more self-reliant in...
- Budget proposals to help boost India's exports: Piyush Goyal"The world is seeing recessionary conditions and global growth and global trade is also expected to slow down. Despite that when we combine...
- Gem, jewellery industry seeks abolition of import duty on raw material for lab-grown diamonds in BudgetAbout jewellery repair policy, Shah said that countries like UAE, Hong Kong and Turkey are major competitors of India as they have a simple...
- India set to become a major hub of lab-grown diamondsIndia accounts for about a quarter of the estimated global laboratory-grown diamonds output of 6 to 7 million carats.
- Budget impact: Surat is witnessing a sudden rush for setting up laboratory-grown diamond units“The hike in duty will bring down imports, and manufacturing of diamonds through chemical vapour deposition (CVD) technology will increase....
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