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...
04 Dec, 2024, 06.00 AM IST
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,...
06 Nov, 2024, 01.52 PM IST
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...
23 Jun, 2024, 12.26 AM IST
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...
18 Jun, 2024, 11.59 PM IST
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...
12 Jun, 2024, 12.22 PM IST
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%...
20 May, 2024, 11.52 PM IST
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 ...
06 May, 2024, 02.52 PM IST
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 ...
15 Nov, 2023, 06.50 AM IST
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...
08 Nov, 2023, 06.42 PM IST
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...
06 Oct, 2023, 11.52 AM IST
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...
16 Aug, 2023, 04.08 PM IST
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...
21 May, 2023, 07.28 PM IST
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...
08 Apr, 2023, 09.40 AM IST
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...
01 Feb, 2023, 08.15 PM IST
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...
11 Jan, 2023, 02.17 PM IST
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.
18 Mar, 2021, 03.40 PM IST
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....
09 Feb, 2021, 08.24 PM IST