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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.
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.
Global acceptance of lab-grown diamonds has surged, and India is mirroring this trend with rapid retail expansion. Companies are pursuing vertical integration, controlling the entire process from diamond growth to retail. This expanding market signifies a shift towards lab-grown diamonds becoming a mainstream category.
