Picture this: A diamond so dazzling, so perfect, and so pure, it could even rival the sparkle of stars – and trick the keen eyes of the most experienced gemmologist. It scores a perfect 10 for its precision, clarity, and beauty, making it breath-taking in every way.
Yes, these starlit lab-grown diamonds are getting benchmarked for the perfection they possess. Crafted in a lab-like environment, test tube babies, they are brought out to the horizon for their durability, sustainability, and affordability. No need to mine or drill; just born from innovation and shaped with integrity.
Welcome to the era of lab-grown diamonds! Where the perfect ratio of brilliance is linchpin to its existence. These lab-grown diamonds, whether large or little, round or marquise, are redefining luxury. It appeals to consumers who not only care about beauty but also about the story behind it.
Across India, lab grown diamonds are turning heads, stealing hearts, and embracing everything from big engagement rings to everyday sparkles – all with a conscience as clear as the diamond itself. Because brilliance shouldn’t cost the earth—it should reflect your values as much as your style.
So, what’s fueling this shift? Why are modern couples, eco-conscious buyers and savvy investors turning to lab grown diamonds? And how is India, a nation that worships gold and gems, embracing this change with open arms?
Let’s dive in. The future of diamonds isn’t underground—it’s in a lab. And it’s more dazzling than ever.
India’s Growing Role in the Lab Grown Diamond Industry
India, once known only as the world’s diamond polishing hub, is now emerging as a serious player in the lab grown diamond (LGD) revolution. Blending age-old artistry with modern technology, the country is carving a niche in sustainable luxury—faster and more creatively than ever before.
Here’s how the landscape is evolving:
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Global Contribution: India currently produces over 3 million lab grown diamonds each year, contributing about 15% of global output. That number is steadily climbing as infrastructure and consumer interest grow.
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Government Backing: Recognising the potential, the Indian government announced a ₹242 crore grant to support LGD research and technology development—an important step toward becoming a global manufacturing hub.
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Luxury Meets Ethics: With younger Indians choosing mindful luxury, lab grown diamonds are now being favoured over traditional mined stones—not just for their eco-friendly appeal, but also for their affordability and brilliance.
- Export Opportunity: As global demand surges, India is not only producing for its domestic market but is poised to become a key exporter of polished lab grown diamonds, particularly to the US and Europe.
With India's booming lab grown diamond industry, brands are rapidly expanding to meet growing demand.
Take Limelight Diamonds, for instance. Since launching in 2019, they've grown impressively— today they work with more than 65 partners across India. You'll find their stores in major metros like Delhi, Mumbai and Bengaluru, but they've also expanded to over 25 cities nationwide, including Hyderabad, Chennai and Kolkata.
With certified IGI and GIA-approved diamonds, and elegant designs that combine luxury with values, Limelight is helping redefine what modern jewellery means for India—accessible, responsible and deeply personal.
Why Indian Consumers Are Embracing Lab Grown Diamonds
Diamonds are synonymous with love, wealth and celebration. But today’s consumers are more mindful. They want beauty with a conscience and glamour with value: jewellery that reflects not just who they are, but what they stand for.
Lab-grown diamonds check every box when it comes to quality, sustainability, and sourcing. They are an ethical alternative to mined stones, created without harming the environment or communities. You can read more about the environmental benefits of choosing lab grown diamonds to understand how they help reduce mining impact and preserve natural ecosystems. Limelight Diamonds, in particular, ensures each piece is IGI and GIA certified, giving buyers both beauty and peace of mind.
Affordability is another major drive. With the same chemical, physical and optical properties as mined diamonds, lab crafted diamonds offer unmatched value. For many Indians, especially the younger generation, they’re not just beautiful—they’re a smart investment.
Whether it’s an anniversary gift or a self-love splurge, the modern buyer sees lab grown diamonds as a blend of luxury and logic. Brands like Limelight Diamonds are raising the bar— their exceptional craftsmanship and beautiful designs make choosing sustainable luxury an effortless decision and is contributing to revolutionising the jewellery industry. Let us see how?
Market Growth Trends
A quiet revolution is underway in Indian jewellery stores. From metropolitan showrooms to online boutiques, lab grown diamonds are becoming the centrepiece of modern collections.
One of the biggest shifts is the growing popularity of lab grown diamond engagement rings. Couples today are more involved in their purchase decisions—and they’re choosing rings that reflect not just their love, but their values. Wedding buyers, too, are showing increasing interest in lab grown fine jewellery. From earrings to solitaires, they’re embracing sustainable options without compromising on luxury. If you're wondering why more people are considering this modern alternative, read why you should consider buying a lab grown diamond.
In 2023, the Indian LGD market was valued at approximately USD 2.61 billion and is projected to reach USD 8.31 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.73%.
What’s especially promising is that this movement isn’t confined to metropolitan areas. Take Limelight Diamonds, for example—they’ve successfully expanded their reach, making sustainable luxury accessible not just in major cities but across growing Tier 1 and Tier 2 markets as well with over 30 standalone stores and 30 shop-in-shop outlets across more than 35 cities in India. The increasing interest in these diamonds is also leading many to consider them as a valuable investment. To explore whether lab-grown diamonds are a smart investment, check out Lab Grown Diamonds as an Investment: Smart Move or Risky Bet?
To further bolster its growth and retail presence, Limelight secured an investment of approximately USD 11 million (INR 90 crore) in early 2025. This funding, sourced from leading fund houses, brokerage firms, family offices and company promoters, is aimed at enhancing the brand's design portfolio and operational capabilities .
The increasing adoption of lab crafted diamonds in India reflects a global trend towards sustainable and ethically sourced jewellery. Thanks to pioneers like Limelight Lab Grown Diamonds, India's jewellery scene is booming, offering shoppers beautiful, ethical pieces that don’t skimp on elegance.
Future Predictions
India’s lab grown diamond industry is no longer just catching up—it’s setting the pace. The lab grown diamond sector in India is on a fast track. It’s expected to grow at a CAGR of 14.8% between 2023 and 2033, with the jewellery segment alone set to jump from $264.5 million in 2022 to around $1.192 billion by 2033. What’s behind this impressive rise? A mix of growing consumer awareness, rising global demand for sustainable luxury and India’s unique edge in both craftsmanship and innovative design.
And right at the heart of this transformation is Limelight Diamonds—a brand that’s already lighting up the Indian market with thoughtfully designed, beautifully crafted lab grown diamond jewellery. Backed by strong industry players like the Bhathwari Group and Emerald Group, the brand is poised to lead India’s lab grown diamond movement into its next phase: one defined by deeper market penetration, greater consumer education, and a global footprint.
Conclusion: The New Era of Sparkle
As India redefines luxury, lab grown diamonds are becoming more than just a trend—they’re a movement. They symbolise conscious choices, modern values and timeless beauty. And with Limelight Lab Grown Diamonds leading the way, this revolution is not only here to stay—it’s ready to shine brighter than ever.
With their unmatched craftsmanship, IGI and GIA-certified stones and a growing retail presence across multiple Indian cities, Limelight is helping consumers embrace diamonds that don’t just look good—they do good. Whether it’s a proposal, a gift or a reward for yourself, there’s now a smarter, more sustainable way to shine.
Ready to begin your journey with meaningful luxury? Explore the Navarambh collection — a tribute to new beginnings, where each piece celebrates the elegance of lab grown diamonds.
Discover the future of diamonds with Limelight Diamonds, where luxury meets beauty, ethics, and empowerment in every radiant collection.
FAQs
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How's the lab grown diamond business doing in India right now?
Lab grown diamonds in India are selling like hotcakes these days. The market grew to ₹22,945 crore last year and is projected to hit ₹73,054 crore by 2032. Young couples love them because they get the same sparkle for way less money.
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Where can I actually buy these diamonds in India?
You can grab lab grown diamonds online India from brands like Limelight who've got stores everywhere now. They're in Mumbai, Delhi, Bangalore and about 25 other cities too. Every stone comes with proper SGL, IGI or GIA certifications.
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What's next for lab grown diamonds in India?
The future of lab grown diamonds in India looks pretty solid actually. The government just dropped ₹242 crores to boost research and production here. We're already making 3 million diamonds yearly and that number keeps climbing as more people want sustainable stuff.
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Why are Indians picking lab diamonds over the real deal?
Honestly, most folks can't even tell the difference between lab and mined diamonds. Lab ones cost about 40% less but look exactly the same. Plus younger buyers feel better knowing no one got hurt making their engagement ring.