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ALOD of South Korea to set up diamond polishing plant in India


A spate of South Korean laboratory-grown diamond jewellery brands launched this year are gaining traction among high-end consumers at department stores, resulting in strong sales.


According to Korea Diamond Trades Co. (KDT), ALOD, a jewelry brand specializing in lab-grown diamonds, achieved average monthly sales of 110 million won ($84,181) from its store that opened at Hyundai Department Store in Samseong-dong, southern Seoul, in March.


In December 2021, KDT, which operates ALOD, successfully produced lab-grown diamonds for jewelry in collaboration with the team of Professor Song Oh-sung of the University of Seoul’s department of materials science and engineering.


This year, the company is preparing to establish a diamond polishing plant in India, with a possible launch as early as the second half of this year or in the first half of next year.


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