India (INR)
Even though the technology of growing diamonds in a lab is not brand new, the advancement of using this technology to produce gem-quality diamonds is recent. It has quickly evolved as a disruptive force in the industry.
High-quality diamonds at an affordable price are every consumer’s dream- and have now become a reality through Lab Grown Diamonds.
Having the same chemical, physical and visual properties as a mined diamond, the most significant upside of lab-grown diamonds is that they allow a consumer the comfort of shopping for higher quality and higher carat diamonds for a fraction of the price of their mined counterparts.
On average, a lab-grown diamond costs about 30% less than a mined diamond of the same parameters.
Given their lower cost of production, exploration, and innovation in terms of cutting techniques and shapes has become more feasible for diamond manufacturers. Creating a stream of more diverse options for jewelry designers and consumers.
Grading services for lab-grown diamonds are available through the same world-renowned laboratories recognized as the authorities for natural diamond grading, using the same parameters as natural diamonds.
Lab-grown diamonds have the same hardness and durability as mined diamonds, which are a modern and relatable asset to the fine jewelry industry.Â
Despite high energy consumption during the growth process, Lab Grown Diamonds are still more sustainable and ethical than mined diamonds, adding to their desirability today and in the future.