Context: Industry executives have recently noted that lab-grown diamonds are gaining increased popularity and acceptance among
Lab-Grown Diamonds (LGDs)
About: Lab-grown diamonds are diamonds created using specialized technology that replicates the natural processes responsible for the formation of natural diamonds.
India is the largest producer of lab-grown diamonds through CVD technology and contributes to nearly 25% of global LGD production through CVD technology.
Diamond Simulants: Materials likeMoissanite, Cubic Zirconia (CZ), White Sapphire, and YAG are diamond simulants, attempting to mimic the appearance of diamonds.
Identification Difficulty: Distinguishing between lab-grown diamonds (LDGs) and natural diamonds is a complex task that often requires advanced equipment.
Industrial Uses: LDGs find extensive use in industrial applications, especially in machinery and tools.
India's Diamond Industry
India is the world's largest cutting and polishing center for diamonds. It accounts for over 90% of polished diamond manufacturing globally.
India contributes 19% of the total diamond exports in the world. (2019).
Over 75% of the world's polished diamonds, gems, and jewelry are exported by India.