Lab Grown Diamonds Have A Bright Future In The Indian Jewelry Industry

{"AutoID":53,"DateCreation":"\/Date(1661422639340)\/","DateModified":"\/Date(1669875860807)\/","CreatedBy":null,"ModifiedBy":"SEO Team ","RecordStatus":"A","Title":"Lab Grown Diamonds Have A Bright Future In The Indian Jewelry Industry ","SubTitle":null,"Description":"\u003cp\u003eWhether out of environmental consciousness or cost advantage, there\u0026rsquo;s been a gradual increase in the number of people opting for \u003cstrong\u003elab grown diamonds\u003c/strong\u003e the world over.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIndia is one of the largest contributors to the global jewelry industry, including \u003ca href=\"https://www.growndiamondcorp.com/blog/lab-diamonds-what-is-driving-the-jewelery-industry-grown-diamond-corp/\"\u003elab grown diamond jewelry\u003c/a\u003e. Consider these figures:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eIndia contributes more than \u003ca href=\"https://www.firstpost.com/opinion/why-lab-grown-diamonds-are-key-to-unlocking-future-for-indian-jewellery-industry-10818441.html\"\u003e29%\u003c/a\u003e to the global consumption of jewelry.\u003c/li\u003e\r\n\t\u003cli\u003eIndia\u0026rsquo;s lab diamonds industry is growing at \u003ca href=\"https://www.firstpost.com/opinion/why-lab-grown-diamonds-are-key-to-unlocking-future-for-indian-jewellery-industry-10818441.html\"\u003e55%\u003c/a\u003e per year.\u003c/li\u003e\r\n\t\u003cli\u003eIndia contributes around 15% to the global production of grown diamonds.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eGoing by the numbers and figures, one thing is clear \u0026ndash; the \u003ca href=\"https://www.growndiamondcorp.com/blog/the-future-of-lab-created-diamond-industry-seems-shining-bright/\"\u003efuture of lab grown diamond\u003c/a\u003e jewelry in India is getting brighter. Let\u0026rsquo;s talk about what makes the Indian grown diamond industry so vibrant and promising.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eIndia is a major exporter of lab grown diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIndia has been exporting lab grown diamonds to different countries. Its grown diamond export rate has been increasing year-after-year. According to a report, the exports saw a \u003ca href=\"https://www.hindustantimes.com/india-news/in-india-s-diamond-city-a-hard-push-for-lab-grown-diamonds-after-ukraine-war-101653665620369.html\"\u003e103% increase\u003c/a\u003e from 2020 to 2021.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIndia exports both \u003ca href=\"https://www.growndiamondcorp.com/blog/what-are-cvd-chemical-vapor-deposition-diamonds/\"\u003eCVD and HPHT diamonds\u003c/a\u003e as well as diamond jewelry made with these stones to different parts of the world.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to the latest reports, India has an export potential of \u003ca href=\"https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/lab-grown-diamonds-come-to-the-rescue-of-2-5-lakh-workers-in-surat/articleshow/92223064.cms?from=mdr\"\u003eINR 40,000 crore\u003c/a\u003e of lab grown diamonds in the next five years. \u003ca href=\"https://www.growndiamondcorp.com/\"\u003eLab grown diamond manufacturers in India\u003c/a\u003e have urged the government to bring lab diamonds under its production-linked incentive (PLI) scheme.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eIndia has the infrastructure and expertise for lab diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWith the best of infrastructure and expertise, India is among the top contributors of \u003ca href=\"https://www.growndiamondcorp.com/blog/lab-created-diamonds\"\u003elab diamonds\u003c/a\u003e to the world. The global lab diamond production is around 6 to 7 million carats. Of this, \u003ca href=\"https://www.firstpost.com/opinion/why-lab-grown-diamonds-are-key-to-unlocking-future-for-indian-jewellery-industry-10818441.html\"\u003e1.5 million carats\u003c/a\u003e are produced by India.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIndian cities such as Surat, Mumbai, and Jaipur are diamond manufacturing hubs. The country offers cost-effective production facilities as well as skilled diamond craftsmen. All this owing to hundreds of years of the vibrant diamond industry in the country.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eDiamond manufacturing companies are investing in new technologies to amp up production. Apart from manufacturing, India is able to provide the \u003ca href=\"https://www.growndiamondcorp.com/blog/lab-created-diamonds\"\u003ebest lab grown diamonds\u003c/a\u003e due to the availability of skilled craftsmen for cutting and polishing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eThe younger generations support buy lab grown diamonds\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThere\u0026rsquo;s a steady rise in the demand for \u003cstrong\u003elab grown diamond jewelry\u003c/strong\u003e among the millennials and Gen Z. Young generations are more mindful about their consumption, may it be food, clothes or diamonds. They seek sustainable options.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThis has led them to explore diamonds grown in laboratories, not just for regular jewelry, but also for \u003ca href=\"https://www.growndiamondcorp.com/blog/why-do-we-give-diamond-engagement-rings/\"\u003eengagement and wedding rings\u003c/a\u003e. Lab grown diamond rings are more affordable, sustainable, and environment-friendly.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIndia has the highest millennial population. This means there\u0026rsquo;s a huge potential for the lab grown diamond industry to tap this market.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eSurvey reveals 70% of millennials support lab diamonds and prefer to \u003cstrong\u003ebuy lab grown diamonds\u003c/strong\u003e.\u003c/p\u003e\r\n\r\n\u003ch2\u003e\u0026nbsp;\u003c/h2\u003e\r\n\r\n\u003ch2\u003eLab grown diamond price is affordable\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eLab grown diamonds are much cheaper than mined diamonds. Some factors that determine the price of lab diamonds are the cut, carat, color, and clarity. When seen with the naked eye, both lab grown and \u003ca href=\"https://www.growndiamondcorp.com/blog/your-lab-grown-diamond-is-as-real-as-mined-its-official/\"\u003emined diamonds\u003c/a\u003e look similar. They are both created through the same process, and have the same physical and chemical properties. But \u003cstrong\u003elab grown diamond prices\u003c/strong\u003e are anywhere between 40% to 70% cheaper than mined diamonds.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003ePurchasing lab grown diamonds is easy\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn India, diamond manufacturers, wholesalers and retailers have adopted digitalization quickly and moved from an only brick and mortar business model to digital, eCommerce online lab diamond sites. Here, customers can browse through \u003ca href=\"https://www.growndiamondcorp.com/blog/types-of-lab-grown-diamonds/\"\u003edifferent types of lab diamonds\u003c/a\u003e and \u003cstrong\u003elab grown diamond jewelry\u003c/strong\u003e from the comfort of their couch.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eNot just that, advanced technology and software have made it possible for customers to assess the quality of diamonds as it would be under different types of light. Customers can see the optical performance of lab diamonds and every detail from different angles online. This helps customers make informed and thought-through purchase decisions.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eIn conclusion\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eWith many factors favoring the growth of the \u003cstrong\u003elab grown industry in India\u003c/strong\u003e \u0026ndash; \u003ca href=\"https://www.growndiamondcorp.com/\"\u003elab grown diamond manufacturers\u003c/a\u003e in India making ambitious moves, young consumers supporting lab diamonds, robust infrastructure and the availability of skilled craftsmen \u0026ndash; India is set to be one of the biggest hubs for \u003cstrong\u003elab grown diamonds\u003c/strong\u003e in no time at all.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","FromDate":null,"ToDate":null,"Image_Url":"image-collagejpgWYXWJMSJTS.jpg","Image_Alt":"Lab Grown Diamond","KeyWords":null,"MetaDescription":"Demand for a lab-grown diamond is growing fast in India because it is an emerging source of lab-grown diamond jewelry. CVD diamond growers and jewelry manufacturers will help India consolidate its competitive advantages in diamonds and jewelry manufacturing.","MetaTitle":"Lab Grown Diamonds Have A Bright Future In The Indian Jewelry Industry","CanonicalLink":"https://www.growndiamondcorp.com/blog/lab-grown-diamonds-have-a-bright-future-in-the-indian-jewelry-industry/","MetaContent":"\u003c!-- Open Graph / Facebook --\u003e\r\n\u003cmeta property=\"og:type\" content=\"website\"\u003e\r\n\u003cmeta property=\"og:url\" content=\" https://www.growndiamondcorp.com/blog/man-made-diamonds-are-the-future-heres-why/\"\u003e\r\n\u003cmeta property=\"og:title\" content=\" Lab Grown Diamonds: The Future of Diamonds | Grown Diamond Corporation\"\u003e\r\n\u003cmeta property=\" og:description \" content=\" The future of lab-grown diamonds is bright. Lab-grown diamonds have been ruling the diamond market for quite some time now. Browse now to understand all about lab grown diamonds.\"\u003e\r\n\u003cmeta property=\"og:image\" content=\"https://docs.growndiamondcorp.com/blogs/image-collagejpgWYXWJMSJTS.jpg \"\u003e\r\n\r\n\u003c!-- Twitter --\u003e\r\n\u003cmeta property=\"twitter:card\" content=\"summary_large_image\"\u003e\r\n\u003cmeta property=\"twitter:url\" content=\" https://www.growndiamondcorp.com/blog/man-made-diamonds-are-the-future-heres-why/\"\u003e\r\n\u003cmeta property=\"twitter:title\" content=\" Lab Grown Diamonds: The Future of Diamonds | Grown Diamond Corporation\"\u003e\r\n\u003cmeta property=\"twitter:description\" content=\" The future of lab-grown diamonds is bright. Lab-grown diamonds have been ruling the diamond market for quite some time now. Browse now to understand all about lab grown diamonds.\"\u003e\r\n\u003cmeta property=\"twitter:image\" content=\"https://docs.growndiamondcorp.com/blogs/image-collagejpgWYXWJMSJTS.jpg \"\u003e","SeqNo":null,"Slug":"lab-grown-diamonds-have-a-bright-future-in-the-indian-jewelry-industry","GetTitle":"lab-grown-diamonds-have-a-bright-future-in-the-indian-jewelry-industry","GetImageUrl":"https://docs.growndiamondcorp.com/blog/image-collagejpgWYXWJMSJTS.jpg"}