THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE
Diamond World|March - April 2024
Lab-grown diamond jewellery is not a fad. While many Indian retailers choose to be circumspect about jewellery laden with labgrown diamonds, which are chemically, optically and physically identical to natural diamonds, there is most definitely a revolution happening in this space, driven by demand backed by sheer affordability
Vijetha Rangabashyam
THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE

Is jewellery set with lab-grown diamonds a fad? Some seem to think so. While others believe that eventually it will be looked at as fashion jewellery. However, going by the ground reality, fashion and fad are not words that encapsulate the remarkable change that is happening within the lab-grown diamond jewellery industry. This isn't just about buying jewellery; it's about making a statement a statement of style amalgamated with affordability.

They may be marketed as a sustainable alternative, which, perhaps, they are. However, stakeholders who are serious about lab-grown diamond jewellery as a category, and wholly believe in its future, seem to think that sustainability is just one small aspect of it. The sheer consistency, turnaround time, the flexibility it allows for innovation when it comes to designs, the remarkable clarity, and, more importantly, affordability, make this category lucrative. It is, hence, garnering demand, slowly, but surely, globally, as well as in India.

LAB-GROWN DIAMOND JEWELLERY MANUFACTURING IN INDIA

Shanay Parekh, the young mind behind Kira Diam's vertically-integrated labgrown diamond facility in Surat, is at the helm of this transformation. His words echo through the halls of his Surat facility, where craftsmanship intertwines with modernity, and where every diamond tells a story.

"We have all under one roof," Parekh asserts. "From growing, to manufacturing loose diamonds and jewellery, we provide an end-to-end solution to our retailers." But it is not just about the products; it is about the meticulous attention to detail that sets Kira Diam apart.

"We have four to five factories catering to every kind of product," Parekh explains.

"That's why we are able to provide the best finish for any particular piece," he adds.

هذه القصة مأخوذة من طبعة March - April 2024 من Diamond World.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March - April 2024 من Diamond World.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من DIAMOND WORLD مشاهدة الكل
BOLD COLOUR GEMSTONES
Diamond World

BOLD COLOUR GEMSTONES

Timeless and audacious, these vibrant gemstones - sapphires, emeralds, rubies, and more - make bold statements in luxury and artistry. Perfect for those seeking vibrant alternatives to minimalistic diamonds, these jewels bring opulent colour to the forefront of high jewellery.

time-read
1 min  |
September - October 2024
CHAUMET'S EN SCENE COLLECTION IS ALL ABOUT MUSIC, DANCE AND MAGIC
Diamond World

CHAUMET'S EN SCENE COLLECTION IS ALL ABOUT MUSIC, DANCE AND MAGIC

Chaumet's latest high jewellery collection, En Scene, is imbued with harmony and a sense of movement, encompassing elements of music, dance, and magic -- each piece tells a story, be it through the rhythm of gemstones in Setting the Tempo, the movement of stones in Leading the Dance, or the magical illusions in As If by Magic

time-read
3 mins  |
September - October 2024
Charting a New Course for the Diamond Industry Amid Global Shifts
Diamond World

Charting a New Course for the Diamond Industry Amid Global Shifts

The inaugural BDB Leadership Series examined India's rise as a diamond industry powerhouse, the significance of sustainability, and the future of consumer trends such as quiet luxury, setting a tone of optimism amid challenges

time-read
4 mins  |
September - October 2024
Couture India 2024 A Grand Celebration of Luxury and Innovation
Diamond World

Couture India 2024 A Grand Celebration of Luxury and Innovation

Couture India 2024 dazzled with its celebration of heritage and innovation, bringing together top-tier jewellery brands, emerging designers, and retailers for a showcase of luxury, craftsmanship, and forward-thinking design

time-read
5 mins  |
September - October 2024
Jewellery & Gem WORLD Hong Kong 2024 Optimism and Resilience in a Changing Market
Diamond World

Jewellery & Gem WORLD Hong Kong 2024 Optimism and Resilience in a Changing Market

With Indian buyers taking centre stage, Jewellery & Gem WORLD Hong Kong 2024 showcased India's growing influence in the diamond industry. The event demonstrated the resilience of the diamond industry, with De Beers expressing optimism about the recovery of natural diamonds

time-read
4 mins  |
September - October 2024
G7 APPROACH TO DIAMOND TRACEABILITY HAS CONCEPTUAL DEFICIENCIES: DR MZEE FULA-NGENGE
Diamond World

G7 APPROACH TO DIAMOND TRACEABILITY HAS CONCEPTUAL DEFICIENCIES: DR MZEE FULA-NGENGE

African diamond-producing nations are increasingly seeking their place in the sun, and are no longer shying away from demanding their rightful share of the revenues generated from diamond extraction. Dr M'zee Fula Ngenge, Chairman, African Diamond Council, talks to Suneeta Kaul about the most pressing issues pertaining to the African diamond industry the less than effective role of local diamond trade administrators, the G7's approach to traceability, the role of technology in improving the functioning of the continent's diamond industry, the limitations of the Kimberly Process, and more

time-read
9 mins  |
September - October 2024
CUSTOMIZATION AT THE FOREFRONT OF THE SURGE IN LGDS
Diamond World

CUSTOMIZATION AT THE FOREFRONT OF THE SURGE IN LGDS

Lab-Grown Diamonds are reshaping luxury, offering personalization possibilities through cutting-edge technology; the shift to customization is being led largely by millennials and Gen Z, who value innovation more than tradition

time-read
4 mins  |
September - October 2024
THE RISE OF DUBAI AS A DIAMOND TRADING HUB: IMPACT ON THE GLOBAL TRADE, AND IMPLICATIONS FOR INDIA
Diamond World

THE RISE OF DUBAI AS A DIAMOND TRADING HUB: IMPACT ON THE GLOBAL TRADE, AND IMPLICATIONS FOR INDIA

Over the past few years, Dubai has rapidly become one of the world's leading diamond trading hubs. Leveraging its strategic location, state-of-the-art infrastructure, pro-business taxation policies and global connectivity, the city now rivals traditional centres such as Antwerp and Mumbai, attracting major players from across the globe. Suneeta Kaul takes an in-depth look at the city's emergence as a diamond trading powerhouse, and the implications this has for India

time-read
8 mins  |
September - October 2024
E-COMMERCE IN DIAMOND JEWELLERY GAINING GROUND
Diamond World

E-COMMERCE IN DIAMOND JEWELLERY GAINING GROUND

E-commerce is steadily finding its way into the function of diamond jewellery retail the world over, in spite of several challenges and obstacles. Retailers are taking steps to overcome the critical challenges of trust and personal connections that are easier to establish in a brick-and-mortar world, and are seeking to establish these factors in a digital scenario

time-read
6 mins  |
September - October 2024
INDIA TAKES CENTRE STAGE As China's Demand Ebbs, India Rises as the New Diamond Powerhouse
Diamond World

INDIA TAKES CENTRE STAGE As China's Demand Ebbs, India Rises as the New Diamond Powerhouse

India is establishing itself as a global diamond powerhouse, thanks to its burgeoning middle class, a rising disposable income, unmatched craftsmanship, skilled labour force, cutting-edge technology, and strategic collaborations. Anjana Vaswani takes an in-depth look at these factors that collectively position the country to mark its dominance in the diamond industry

time-read
10 mins  |
September - October 2024