State of the diamond industry in India is straight out of a Bollywood formula film. The only difference is that lab-grown diamonds lack the nitrogen impurities often found in natural diamonds. A growing sparkleAccording to an estimate by Gemological Institute of America (GIA), India accounts for 11% of the world diamond demand. By 2028, natural diamond sales are projected to rise to about $8.6bn, while lab-grown diamonds reach roughly $0.6bn. In its biggest markets—the United States and Europe—confusion between natural and lab-grown stones risks eroding trust in the entire category.

Source: dna February 17, 2026 13:16 UTC