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LGDS IN DIAMOND MARKET
GIA discontinues 4Cs certification for lab-grown diamondsThe Gemological Institute of America (GIA) will discontinue issuing 4Cs certificates for lab-grown diamond (LGD) jewelry, but will still ev...- De Beers pushes for zero-tariff entry of cut and polished Indian diamonds into USDe Beers is collaborating with the Indian government to eliminate tariffs on diamonds entering the U.S. after being processed in India, aim...
- Natural diamond still India’s crown jewel: De Beers Group CEOIndia has become a key market for natural diamonds, surpassing China. De Beers focuses on India due to the growing preference for natural d...
- Natural vs lab-grown diamonds: The dazzling duel shaking up India’s jewellery marketNatural diamond players are on a quest to regain their lustre amid the double whammy of falling sales and the rising popularity of lab-grow...
- 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...
- Diamantaires to witness 25-27 pc decline in revenue in FY25: ReportIndia's natural diamond polishing industry is expected to see a 25-27% revenue decline to USD 12 billion this fiscal year due to lower dema...
- 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 ...
- Top jewellery chains shy away from lab-grown diamonds amid lack of consumer interestTop jewellery chains like Kalyan Jewellers and Tanishq are hesitant to adopt lab-grown diamonds due to low demand. Despite the growing popu...
- Lab-grown diamond exports decline in December despite price fallLab-grown diamond manufacturers say that the export figures are down because of the price correction even though the export volume has incr...
- 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...
- Diamond houses hope to cut through slump in next four monthsThe trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past ...
- Demand for diamonds hit in key consuming markets but India performing well: De Beers’ Paul RowleyLower disposable income is affecting the demand for diamond jewellery in key consumer markets. De Beers expects the situation to improve on...
- 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...
- 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...
- 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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