Lab-grown diamond production and export in India are growing rapidly.
Gujarat is the leading state in the production of Lab-grown diamonds.
In Tamil Nadu, there are Lab-grown diamond manufacturing factories in areas like Coimbatore and Chennai.
We export Lab-grown diamonds and Lab-grown diamond studded jewelry.
India holds 15% of the global Lab-grown diamond market.
The Gems and Jewelry Export Promotion Council chairman recently mentioned to reporters about lab-grown diamond exports.
He had said that there is a possibility of doubling the export of artificial diamonds this year or next year. (Last year's synthetic diamond exports were valued at $1.5 billion).
Also, efforts are being made in various countries to see export development in the future.
He also said that export marketing is going to be carried out, especially in countries like America, Australia, and England.
He said that if we take various initiatives like this, there is a possibility that our exports will increase to 7 billion dollars in the next five years.
Today, young people all over the world love to wear this type of artificial diamond jewelry.
He also said that India will take full advantage of this. Lab-grown diamond exports have increased by 70 percent in the first quarter of this year.
Exports of natural diamonds declined by 3 percent during the same period. This is a good example of how much people love and buy this synthetic diamond.
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