Publish Date: | Sat, 26 Feb 2022 09:40 AM (IST)
Wedding Season. Due to the steep rise in the prices of naturally mined diamonds, this wedding season customers have started looking for alternatives to lab grown diamonds, which are eco-friendly as well as cost-effective. Huh. Lab Grown Diamonds (LGD) look like diamonds extracted from mines, but they are grown in the lab rather than extracted from under the earth.
This principle is similar to that of a test-tube baby and a natural birth, with the end result being the same despite the process being different. LGDs are 100% genuine diamonds, developed in the lab according to the diamond formation process found under the earth. Thus, the chemical, thermal, and optical properties and external appearance and characteristics of the mined diamonds and LGDs are similar.
The advantage of buying lab grown diamonds is that they are not mined, so they do not cause massive destruction of land and water during mining. For this reason, all LGDs protect the environment, while they are also environmentally friendly, free of controversies associated with mining.
Not only this, LGDs also save huge expenditure on mining. That savings is passed on to customers as well, with lab-grown diamonds being at least 50% cheaper than mine-grown diamonds. Hence, it is not only eco-friendly but economical too!
Pooja Sheth, Founder & MD, Limelight Lab Grown Diamonds, sees an opportunity to bridge the huge 159 million carat gap between demand for diamonds and dwindling supply of mined diamonds over 10 years with lab-grown CVD Diamonds. I see.
She says, “Today all over the world we consume 111 million carats of diamonds extracted from mines. We can imagine how much damage is done to the environment behind the excavation, mining and use of this piece of stone. And in the end it just adds to the beauty and confidence of a woman. But what is the use of getting it by paying the cost of loss to our land or the people living here?
Do today’s women want to feel beautiful like this? Today, with the help of technology, the exact same diamond can be produced without compromising on the quality and our earth can be saved. In my opinion, all these qualities of lab-prepared diamonds are in front of everyone today.
Expressing his views on the subject, Dr. Prasad Kapre, former Business Director of De Beers India (DPS) and presently representative of LCDAI (Lab Created Diamonds Association of India), said, “During the last 5 years, LGDs The industry has made great progress.
The results of the report show that, especially due to the large-scale dissemination in India of the technology developed by diamond growers, India has now become the largest producer and exporter of lab grown diamonds through CVD technology ( This is an improved technology that produces the purest diamonds classified as Type IIa).
This technology is completely developed in India, so this industry puts the least burden of import on the country but contributes significantly to the country’s exports. Despite the worldwide pandemic, India’s export of lab finished diamonds has grown at a CAGR of 85% during the last 3 years and is expected to cross $1 billion this fiscal.”
Understanding the potential and new potential of LGDs industry – The Lab Grown Diamond Show has been organized in Indore. The show has been organized by Limelight Lab Grown Diamonds (Leading Brand of LGD Jewelery in India), SGL (Leading LGD Certification Lab in India) and LCDAI (Association Body of LGD Industry in India).
Speaking on the occasion, Jigar Vora, CEO, SGL Labs, says, “These days there is a growing awareness of lab-crafted diamonds amongst customers, and they are choosing all-telling and completely transparent jewelery brands. Huh. As the largest diamond grading and certification body, we enable us to provide complete information to all our retailers. Retailers give customers our exclusive certifications for lab-crafted diamonds, which allows them to get this new product range third-party verified.”
The research results show that, worldwide awareness about lab-prepared diamonds is increasing, and it is being accepted as an eco-friendly/sustainable alternative, which will lead to worldwide gems and jewelery by 2030. The market for lab-finished diamonds alone in the region is expected to reach the $80 billion mark.
Posted By: Sandeep Chourey