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Prime Minister Narendra Modi gifted a lab-grown 7.5-carat green diamond to the US First Lady Dr. Jill Biden, in the presence of the US President
Joe Biden at the White House on June 22, 2023.
What Is Lab Grown Diamond?
Laboratory- grown diamonds possess nearly identical chemical, optical, physical, and crystal structures, as naturally occurring diamonds. Comprising tightly bonded carbon atoms, they respond to light in the same way and share the same level of hardness. The primary difference between laboratory-grown and natural diamonds is in their origins. While the naturally occurring diamonds are mined, the lab-grown diamonds are manufactured in laboratories. Both exhibit the same characteristics, despite their disparate formation processes and ages.Why should you consider purchasing a Lab Grown Diamond?
While we all love our good old traditions and the ways they make us celebrate our culture, we time and again change them as per today’s fitment. We believe that the purchasing behavior shall also evolve in a similar fashion. As the world is shying away from environmental-damaging processes and products, it is also opting for cost efficient alternatives. Laboratory-grown diamonds offer a similar offering comprising the best of both worlds.- Environment Friendly
- Affordable Price
- Exactly Same Designs and Looks like Natural Diamonds
- Unique and Stylish
Voice of the market
Not just us, but the market too is making lab grown diamonds the ‘buzz’ word. The global trend towards purchasing lab-grown diamonds is on a consistent rise, as supported by statistical evidence. According to a market analysis conducted in 2022 by industry experts, sales of lab-grown diamond jewelry reached nearly USD 12 billion, marking a 38% increase from the previous year. As of mid-2023, the industry has already achieved a remarkable milestone, selling lab-grown diamonds worth USD 14.6 billion worldwide.
“Lab-grown diamonds is a technology and
innovation driven emerging sector with high
employment potential in India.”
– Mrs. Nirmala Sitharaman,
Union Finance Minister of India