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…
Limelight Lab Grown Diamonds has received a strategic investment of US$1 million from two leading retail jewellery chains. The newly raised capital comes in the form of a strategic alliance that will enable Limelight to open new stores and boost its brand presence in the country. Before this, the company had secured an investment from…
Representative image. After clocking a positive export figure in November this year, the lab-grown diamond (LGD) exports are again back in red in December despite prices falling by 45 percent in the current fiscal year. Exports of polished lab-grown diamonds for the period Dec 2023 stood at US$ 83.51 million and showed a decline of…
Representative image. India’s overall gems and jewellery exports declined by 11.49 per cent to Rs 22,873.19 crore (USD 2,748.01 million) in October, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. The gross exports stood at Rs 25,843.84 crore (USD 3,134.85 million) during October 2022, the data showed. Cut and Polished Diamonds (CPD)…
Representative Image Kolkata: Sales of lab-grown diamonds (LGDs) more than doubled during the Dhanteras-Diwali period last week, with LGD engagement rings emerging as the most popular category, said industry executives. Digital gold also found favour among festive season shoppers, seeing up to 60% year-on-year increase in sales, they said. “Our sales saw a huge increase…
