Lab grown diamonds are a new and growing trend in the Indian jewelry market. These diamonds are created in a lab, rather than mined from the earth, and offer a number of advantages over mined diamonds. They are often more affordable, conflict-free, and environmentally friendly.
The Indian lab grown diamond market is still in its early stages, but it is growing rapidly. In 2022, the market was valued at $1 billion, and it is expected to reach $5 billion by 2025. This growth is being driven by a number of factors, including the increasing awareness of lab grown diamonds, the growing demand for sustainable jewelry, and the rising cost of mined diamonds.
There are a number of companies that are manufacturing lab grown diamonds in India. Some of the largest companies include:
- Diamond Foundry is a California-based company that has a lab in India.
- Pure Grown Diamonds is an Indian company that has a lab in Surat.
- Diamend is a Russian company that has a lab in India.
These companies use a variety of methods to grow lab grown diamonds. The most common method is called chemical vapor deposition (CVD). In CVD, a diamond seed is placed in a chamber and exposed to a gas that contains carbon atoms. The carbon atoms are then deposited on the seed, one atom at a time, until a diamond is formed.
Lab grown diamonds are chemically and physically identical to mined diamonds. They have the same hardness, brilliance, and durability. However, they are often more affordable than mined diamonds. This is because the cost of producing lab grown diamonds is much lower than the cost of mining diamonds.
In addition to being more affordable, lab grown diamonds are also conflict-free. Mined diamonds are often associated with conflict and human rights abuses. This is because diamonds are often mined in war-torn regions, and the profits from diamond mining are often used to fund violence. Lab grown diamonds, on the other hand, are not associated with any of these problems.
Lab grown diamonds are also environmentally friendly. The mining of diamonds can have a negative impact on the environment. This is because diamond mining can lead to deforestation, water pollution, and air pollution. Lab grown diamonds, on the other hand, do not have any of these negative environmental impacts.
As the Indian lab grown diamond market continues to grow, it is likely that the prices of lab grown diamonds will continue to fall. This will make lab grown diamonds even more affordable and accessible to consumers. As a result, lab grown diamonds are likely to become a more popular alternative to mined diamonds in India.
Here are some of the benefits of buying lab grown diamonds:
- Affordability: Lab grown diamonds are often more affordable than mined diamonds. This is because the cost of producing lab grown diamonds is much lower than the cost of mining diamonds.
- Conflict-free: Lab grown diamonds are not associated with conflict or human rights abuses. This is because they are not mined in war-torn regions.
- Environmentally friendly: Lab grown diamonds do not have any negative environmental impacts. This is because they are not mined.
If you are considering buying a diamond, you may want to consider buying a lab grown diamond. Lab grown diamonds offer a number of advantages over mined diamonds, including affordability, conflict-free status, and environmental friendliness.