LGDs will shine brighter this festive season.Price remains a key magnet for customers, to be sure, as a carat of lab-grown diamond (LGD) costs ₹60,000-70,000, a fraction of ₹10-11 lakh for a natural diamond.
Even high-net-worth individuals (HNIs) have taken a shine to lab-grown diamonds, which earlier attracted mainly the 18-35 age group that could not afford natural diamonds, said people in the know. This, they said, has prompted listed players like Senco Gold & Diamonds to enter the market in this financial year to tap into the growing demand. Price remains a key magnet for customers, to be sure, as a carat of lab-grown diamond (LGD) costs ₹60,000-70,000, a fraction of ₹10-11 lakh for a natural diamond. "
With increased awareness and consumer acceptance of LGD jewellery in India, we are extremely bullish this Diwali season and expecting sales growth of almost 60% year-on-year," said Mumbai-based Pooja Sheth Madhavan, founder of Limelight Lab Grown Diamonds.
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