Browsing: CZ & Lab Grown Diamonds

Augmont, India’s largest fully integrated gold player, proudly announces its strategic expansion into the Lab-Grown Diamond (LGD) market with the launch of Akoirah. Rooted in Augmont’s legacy of trust, purity, and innovation, Akoirah is set to revolutionize fine jewellery by making diamonds more ethical, sustainable, and accessible than ever before. Calling it Love-Grown Diamonds, the brand is deeply committed to responsible sourcing and technological excellence, and will lead the charge in redefining luxury jewellery for the Indian market

As per the data released by the Gems and Jewellery Export Promotion Council (GJEPC), the apex body for the Gems & Jewellery Industry in India, the overall gross exports of Gems & Jewellery in January 2025 stood at USD 2237.14 million (Rs. 19302.280 crores), showing a decline of 7.01% compared to USD 2405.78 million (Rs. 19995.66 crores) for the same period last year. This is due to the economic uncertainty looming in the market on the back of tariff threats by Donald Trump right after his arrival in the power again

Mr. Kirit Bhansali, Vice Chairman, GJEPC, delivered a keynote speech at the inaugural session of the Doha International Diamond & Gem Conference, addressing industry leaders and stakeholders. He outlined the pressing challenges facing the natural diamond industry and proposed strategic solutions to ensure its sustainable growth

The industry has reached the intriguing crossroad of category diversification and transparency when it comes to diamonds. Natural or man-made, illegal mixing of both damages the trust of every stakeholder involved in the process. As lab-grown diamonds continue to gain traction in the luxury jewellery market, comprehensive knowledge

The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardised definition of ‘diamond’ and distinct terminology for laboratory-grown diamonds, ensuring clarity and transparency for both industry stakeholders and consumers.

This acquisition marks an important milestone in the lab-grown diamond industry and Dholakia Lab-Grown Diamond, both based in New York, have jointly acquired Israeli grower Lusix for $4 million. Founded in 2016 by Benny Landa, Lusix has been at the forefront of innovation in the lab-grown diamond sector, with over $152 million invested since its inception

Firefly Diamonds has recently launched its first premium lab-grown diamond jewellery store at R City Mall, Ghatkopar, Mumbai. The grand opening was led by Shri Mangal Prabhat Lodha (Minister of Skills, Employment, Entrepreneurship, and Innovation, Govt of Maharashtra, and MLA, Malabar Hill, Mumbai), alongside his wife, Dr. Manju Lodha.