The Natural Diamond Industry Is Getting Rocked. You Can Thank the Lab-Grown Variety for That

The natural diamond industry is getting rocked. You can thank the lab-grown variety for that

As consumers have grown less worried about whether their diamonds are mined or made, many have turned to cost-friendly lab grown diamonds. And that’s having a big impact on the diamond mining industry — including for Canada.

Young And Global Indian Shoppers Add Sparkle To Lab-Grown Diamonds: Limelight’s Pooja Sheth

What plays behind the making of a $300–350 Mn market for lab-grown diamonds in India that’s growing at 14.8% a year to reach $1.19 Bn by 2033? Ask Limelight founder and managing director Pooja Sheth and she would say it’s the urban and global Indian shoppers’ growing interest in utility and affordability. “It’s an exciting shift, one that reflects a growing awareness and, in this journey, trust plays a central role.” The shoppers understand that…