India is rapidly emerging as the largest manufacturer of Lab Grown Diamonds (LGDs) with more than 6,000 machines/reactors for LGD. The LGD industry in India is growing at an impressive 53%. India already boasts undisputed leadership in cutting & polishing diamonds, and now with the added Govt. support, the country will become the world leader in HPHT diamonds as well.
Government has pledged US$30 million grant for LGD research & development. India’s LGD exports are expected to reach $8 billion in the next 3 to 4 years, according to GJEPC estimates.
India’s gem and jewellery industry is becoming increasingly organised, setting an example of self-regulation and good delivery standards that will help the country maintain its position as a global leader in the jewellery market.
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Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
