Summary:
Bain & Co’s recent Diamond Industry Report 2021 reveals that global lab grown diamond production has crossed 7 million carats per year. Bain & Company Report - Lab-grown diamond capacityThese huge production volumes have translated into rapid growth in export collections this year for India. As reported by the Gems and Jewellery Export Promotion Council, polished lab-grown diamonds exports nearly doubled to INR 5,175 Crores for FY2021, compared to INR 2,985 Crores last year. Mr.
Limbasiya strongly feels that this huge gap between demand and depleting supply of mined diamonds will serve as a huge opportunity that can be filled in ten years with lab-grown CVD diamonds. And India, as a leading producer and exporter of CVD diamonds today, is well poised to benefit the most from this..