Representative image The Indian diamond market is looking at a big opportunity to add a new shiny feather to its already glittering cap. India is positioning itself as the world’s largest producer and exporter of lab-grown diamonds (LGDs), leveraging a significant drop in prices and undercutting global competitors with more affordable production methods, ToI reported…
Representative Image The 155-year-old Bangalore-based legacy jeweller C. Krishniah Chetty (CKC) is looking to enter the lab-grown diamond and high-end silver jewellery businesses in a big way. To begin with, crash.club by CKC has sold the largest lab-grown diamond ever recorded in India—a 20.06-carat emerald-cut diamond. This sale marks a significant leap forward in the…
The Lab-grown Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of~US$1500-1530 million, according to CareEdge Advisory. LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been…
Representative image. After clocking a positive export figure in November this year, the lab-grown diamond (LGD) exports are again back in red in December despite prices falling by 45 percent in the current fiscal year. Exports of polished lab-grown diamonds for the period Dec 2023 stood at US$ 83.51 million and showed a decline of…
Surat: The lab-grown diamond (LGD) making units here are sniffing an opportunity to increase their business with the US’s biggest LGD-making firm filing for bankruptcy. According to a bulletin issued by the Gem and Jewellery Export Promotion Council (GJEPC), Washington-based WD Lab-Grown Diamonds has US $44 million in liabilities, while its assets amounted to US…
