What is the expected growth for India's lab-grown diamond market by 2026?

India's lab-grown diamond market is entering a decisive phase in 2026 with significant growth expected due to regulatory clarity and consumer acceptance.

How do lab-grown diamonds compare in price to natural diamonds in India?

Lab-grown diamonds are significantly more affordable, with a one-carat stone typically costing between ₹20,000 and ₹80,000, compared to ₹70,000 to ₹5 lakh for natural diamonds.

What new terms are being adopted for lab-grown diamonds in India?

India is officially adopting 'laboratory-grown diamond' and 'laboratory-created diamond,' disallowing terms like 'fake' or 'artificial' to boost consumer confidence.

Home / Business and Economy / Lab Diamonds Shine: India's Big Leap by 2026

Lab Diamonds Shine: India's Big Leap by 2026

6 Jan

•

Summary

India adopts 'laboratory-grown diamond' term, enhancing consumer trust.
Lab diamonds offer significant cost savings compared to natural stones.
Market projections show India's lab-grown diamond sector reaching $1.2 billion by 2030-31.

Lab Diamonds Shine: India's Big Leap by 2026

India's laboratory-grown diamond (LGD) sector is entering a pivotal phase in 2026, fueled by evolving regulations and rising consumer demand. The official adoption of terms such as 'laboratory-grown diamond' will enhance transparency and credibility, moving away from misleading descriptors.

Price remains a significant advantage, with lab-grown diamonds being substantially more affordable than their natural counterparts. This affordability is expanding the market, particularly to younger demographics and consumers in tier-two and tier-three cities. Industry forecasts predict the Indian LGD market will grow to $1.2 billion by 2030-31.