Priyanka Gill quits Kalaari for a new experiment: a lab-grown diamond brand
1 month, 4 weeks ago

Priyanka Gill quits Kalaari for a new experiment: a lab-grown diamond brand

Live Mint  

Priyanka Gill, a former partner at Kalaari Capital and co-founder of the Good Glamm Group, is starting her own venture after stepping down from the Bengaluru-based venture capital fund. Gill is launching Coluxe, a lab-grown diamond brand, as demand for affordable synthetic diamonds rises. By the end of the next decade, lab-grown diamond jewellery sales are expected to rise at a 14.8% CAGR, increasing the market size from $299.9 million in 2023 to $1.1 billion by 2033. However, the market has seen a flurry of activity with investor Fireside Ventures backing lab-grown diamond brand Aukera.

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History of this topic

Lab-grown diamond startups up marketing budgets to boost awareness
3 weeks, 6 days ago

Lab-grown diamond startups up marketing budgets to boost awareness

Live Mint  

Young companies selling laboratory-grown diamonds are ramping up investments in building awareness and expanding product lines as growing adoption of the category in recent months has sparked optimism, industry executives told Mint. There’s a mental block around lab-grown diamonds compared to mined diamonds, and brands need to put in resources to disseminate the right information," Kochar added. The festive and …

An Indian irony: Glitter of fastest-growing diamond market eludes hub Surat
2 months, 3 weeks ago

An Indian irony: Glitter of fastest-growing diamond market eludes hub Surat

India Today  

A high-profile gems and jewellery industry event in Mumbai on January 7 announced that India was now the fastest growing diamond market in the world. The programme also marked a strategic collaboration between the De Beers Group, the world’s leading diamond company, and the Gem and Jewellery Export Promotion Council, India’s apex jewellery trade body, for honing the market shine …

India becomes 2nd largest diamond market, crosses China
2 months, 3 weeks ago

India becomes 2nd largest diamond market, crosses China

New Indian Express  

MUMBAI: Buoyed by the robust growth that has catapulted the country as the world’s second-largest diamond market overtaking China in 2024, apex trade promotion body Gem & Jewellery Export Promotion Council expects the domestic diamond industry to double by 2030 to become a $17 billion industry, while the overall gems and jewellery market will touch $130 billion by then from …

De Beers Group ties up with GJEPC to promote natural diamonds in India
2 months, 3 weeks ago

De Beers Group ties up with GJEPC to promote natural diamonds in India

The Hindu  

De Beers Group, a leading diamond company, and Gem & Jewellery Export Promotion Council, India’s apex jewellery trade body, have announced a collaboration to promote natural diamonds in India through retailers. Indra is designed to harness this momentum by tapping into India’s dynamic young population, the rise of organised players, and increasing demand.” “This initiative reflects a shared vision to …

Lab-grown diamonds: Goldiam leads the charge, Trent joins the race
4 months, 3 weeks ago

Lab-grown diamonds: Goldiam leads the charge, Trent joins the race

Live Mint  

With a knack for disrupting industries, Tata Group’s Trent is now setting its sights beyond fast fashion. This move signals Trent’s intent to disrupt another fast-growing category by positioning LGDs as affordable alternatives to natural diamonds. Currently, it’s the largest listed LGD company, with LGDs contributing 49% of its total revenue, while the rest comes from natural diamond jewellery. Studded …

Diamond retailers under pressure as lab-grown rivals gain ground, festive sales could bring some cheer
6 months, 1 week ago

Diamond retailers under pressure as lab-grown rivals gain ground, festive sales could bring some cheer

Live Mint  

Jewellers countrywide are anticipating sparkling diamond sales this festival season as falling prices attract customers to natural diamonds for weddings, even as sharply cheaper lab-grown diamonds try to make their mark. Meanwhile, lab-grown diamonds, which have turned 60-90% cheaper in the past two years, may steer consumer choices at the entry level, while medium and larger pieces will still be …

Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims
1 year, 1 month ago

Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims

Associated Press  

PHILADELPHIA — The muted sounds of hammering and sanding drift down to the first floor of Bario Neal, a jewelry store in Philadelphia, where rustic artwork that mimics nature hangs on warmly-lit walls. Martin Roscheisen, CEO and founder of Diamond Foundry, said via email the power VRAI uses to grow a diamond is “about one tenth of the energy required …

India’s lab-grown diamonds: how they are faring
1 year, 8 months ago

India’s lab-grown diamonds: how they are faring

The Hindu  

“This one is a conversation starter,” says Vinaya Gupta. “They are gem quality, but lab-grown, planet positive and purse accessible,” says the 27-year-old entrepreneur shopping at Avira Diamonds, a swanky store that displays jewellery made of lab-grown diamonds in Chennai. The world is moving towards conscious living, and they align with that philosophy.” Aishwarya adds, “Having said that, we don’t …

PM Modi Gifts 7.5 Carat Lab-grown Diamond to Jill Biden: How They're Made, are They as Good as Original?
1 year, 9 months ago

PM Modi Gifts 7.5 Carat Lab-grown Diamond to Jill Biden: How They're Made, are They as Good as Original?

News 18  

The 7.5 carat eco-friendly lab-grown diamond, which Prime Minister Narendra Modi gifted to the US First Lady Jill Biden in Washington during his ongoing state visit, has been manufactured in a Surat factory in Gujarat by recreating the same process that takes place beneath the earth in formation of natural diamonds. The production of lab-grown diamonds involves a different process …

PM Modi’s gift to U.S. First Lady Jill Biden | All you need to know about the lab-grown diamond
1 year, 9 months ago

PM Modi’s gift to U.S. First Lady Jill Biden | All you need to know about the lab-grown diamond

The Hindu  

Prime Minister Narendra Modi, who is in the United States for a three-day State visit, has gifted an eco-friendly lab-grown 7.5-carat diamond, placed in an exquisite Kashmiri papier-mâché box, to the U.S. First Lady Jill Biden. India is promoting manufacturing of lab-grown diamond in the country and for that the government announced steps in the last Union Budget. Besides the …

Why lab-grown diamonds are key to unlocking future for Indian jewellery industry
2 years, 9 months ago

Why lab-grown diamonds are key to unlocking future for Indian jewellery industry

Firstpost  

The Indian Gems and Jewellery industry is one of the largest industries in the world and contributes more than 29 per cent to the global consumption of jewellery. The Gem and Jewellery Export Promotion Council recorded the exports of lab-grown diamonds at $1.05 billion from April 2021 to January 2022, which register a growth of 113 per cent. India’s polished …

A booming market for artificial diamonds yet no match for the real thing
3 years, 7 months ago

A booming market for artificial diamonds yet no match for the real thing

Business Standard  

A booming market for artificial diamonds yet no match for the real thing Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds Premium Cast in stone: “The Spectacle”, a 100.94-carat colourless diamond from Russia that was sold for over $14 million in May 2021 …

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