Indian diamantaires want to make lab-grown diamonds a woman’s best friend
- Most of the world’s diamonds originate from the mines of Russia but they are polished in Mumbai and Surat.
- Now, Indian merchants are also growing the precious stone in India in a lab to become less import-dependent.
- This lab-grown diamond industry market in India was ₹2,200 crore in 2021 and is expected to grow exponentially.
- Currently, India’s lab-grown export is around $1.3 billion and is growing at a pace of 105% y-o-y.
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