India’s lab-grown diamond (LGD) industry is emerging as a significant part of the global diamond ecosystem, supported by strong manufacturing capabilities, a large-scale processing infrastructure, and increasing participation across organised retail and export markets. Surat continues to play a central role in the industry, with India widely recognised for its large-scale gem-quality diamond cutting and polishing capabilities. Growing consumer awareness, design innovation, and wider accessibility are further contributing to the category’s visibility across modern jewellery segments.
The study covered 10 leading LGD brands, multiple emerging players, key production hubs across India, and manufacturing technologies including CVD and HPHT processes. The analysis also evaluated pricing trends, organised retail participation, export developments, and evolving applications across electronics, optics, and advanced materials.
This summary report highlights key industry trends, major market developments, manufacturing advancements, consumer adoption patterns, and emerging application areas shaping India’s evolving LGD ecosystem. It also provides a snapshot of India’s growing role across the global LGD value chain, including processing scale, organised retail expansion, and increasing participation in industrial applications beyond jewellery.