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Beyond Market
|April, 2025
India's cutting edge in lab grown diamonds is turning sparkle into strategy — with science, ambition, and serious shine
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India is fast emerging as a global powerhouse in the lab-grown diamond (LGD) industry, building on its deep-rooted expertise in diamond cutting and polishing. Already responsible for processing 90% of the world’s rough diamonds, the country is now accelerating its shift towards LGDs - an innovation that promises sustainability, scalability, and significant economic value.
With global demand surging, India is harnessing its robust manufacturing base, technological capabilities, and favourable government policies to cement its position as a key player in the LGD landscape.
LAB-GROWN DIAMONDS: AN INNOVATION-LED DISRUPTION
Lab-grown diamonds - also called synthetic or man-made diamonds - are created by mimicking the geological processes that form natural diamonds, but within a laboratory setting. Originally used for industrial purposes since the 1950s, LGDs have, since the early 2000s, evolved into jewellery-grade stones thanks to advances in technology.
Unlike traditional diamond mining, which involves complex supply chains and huge environmental impact, LGDs offer a streamlined, sustainable alternative. They can be produced faster, at lower cost, and with minimal ecological disruption. As consumers increasingly prioritize ethical sourcing and affordability, LGDs are gaining ground - particularly among younger buyers looking for larger, high-quality stones without the hefty price tag of natural diamonds.
AN EXPANDING INDUSTRY
LGDs have gained traction in both day-to-day and bridal jewellery segments. Additionally, leading luxury brands like Pandora, De Beers (Lightbox), and Signet Jewellers have expanded their LGD collections, signalling broader acceptance in the global jewellery market.
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