India, long celebrated as a global hub for diamond cutting and polishing, is witnessing a major transformation in its gemstone industry. As sustainability, ethics, and affordability become defining factors in consumer choices, lab grown diamonds have emerged as a compelling alternative to mined diamonds. With government backing, rising consumer awareness, and technological innovation, lab grown diamonds are not just a trend—they may well be the future of India’s diamond industry.

What Are Lab Grown Diamonds?

Lab grown diamonds are real diamonds—chemically, physically, and optically identical to natural ones. They are created in high tech laboratories using processes such as High Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD), which mimic the natural formation of diamonds like 3Ct Oval Diamond Ring within the Earth. The result? Diamonds that are often purer and more affordable, without the environmental and ethical concerns tied to mining.

India's Growing Role in Lab Grown Diamonds

India, particularly Surat and Mumbai, has become a significant player in the lab grown diamond market. Already a global powerhouse in diamond cutting and polishing, the country is now leveraging its infrastructure and skilled labor to expand into lab grown production.

  • According to Gem and Jewellery Export Promotion Council (GJEPC) data, lab grown diamond exports from India crossed ₹13,000 crore ($1.6 billion) in FY 2023–24—a remarkable rise.

  • The government has classified lab grown diamonds like Pear Hidden Halo Engagement Ring as a priority sector, with budget allocations supporting research and development, especially in CVD technologies.

  • PM Modi's recent gift of a 7.5 carat lab grown diamond to U.S. President Joe Biden further highlighted India’s capabilities and commitment to the sustainable gemstone sector.

Sustainability and Ethics: A New Consumer Demand

Younger consumers in India—and globally—are prioritizing ethical sourcing and sustainable practices. Traditional diamond mining has long been associated with environmental degradation, water use, and sometimes, human rights issues. Lab grown diamonds eliminate these concerns:

  • Eco Friendly: No land disruption or water wastage.

  • Conflict Free: No link to “blood diamonds” or unethical labor.

  • Energy Efficient: Innovations in clean energy are being integrated into lab grown production facilities in India.

This shift in values is pushing Indian brands to invest in lab grown diamonds, ensuring they meet evolving market demands while staying competitive.

Affordability Meets Luxury

One of the most attractive aspects of lab grown diamonds is their cost advantage. Lab diamonds are typically 30–40% cheaper than natural diamonds of similar size and quality. This price difference allows consumers to purchase:

  • Larger stones within the same budget

  • Designer and bespoke jewelry with premium settings

  • Certified, high quality diamonds that are more accessible

In a price sensitive market like India, this value proposition is fueling demand, especially among millennials and Gen Z buyers who seek luxury without compromise.

The Future Outlook

The lab grown diamond industry in India is still in its early phase, but the trajectory is clear:

  • Export Boom: India is poised to become a global leader in lab grown diamond exports.

  • Retail Expansion: More brands and jewelers are incorporating lab grown collections.

  • Job Creation: With investments in R&D and manufacturing, employment in the sector is set to rise.

Given its blend of economic viability, ethical assurance, and consumer appeal, lab grown diamonds are no longer a niche—they are fast becoming mainstream.

Final Thoughts

India’s legacy in diamonds is rich, but its future may lie above the earth, not beneath it. Lab grown diamonds represent a forward looking shift—one that aligns with global trends, technological prowess, and new age values. As production scales up and consumer demand grows, lab grown diamonds are set to redefine the landscape of India’s diamond industry.

Whether you're a buyer looking for ethical brilliance or a business seeking the next big opportunity, one thing is clear: lab grown diamonds are not just the future—they are the present.