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July 18, 2025Indian lab-grown diamond brands are focusing on domestic demand
Indian lab-grown diamond brands are focusing on domestic demand amid export volatility. Brands like Limelight, Lukson, and Aupulent are expanding rapidly despite the challenges of price volatility.
The opportunity, bolstered by a rising interest in LGDs, is prompting companies and retailers to expand their domestic footprint.
As the country’s LGD exports continue to fluctuate, brands are shifting the lens towards the largely untapped domestic market, which, globally, has a diamond jewellery consumption rate of about 10-12%.
The lab-grown diamond (LGD) industry has emerged as a key growth driver within India’s gems and jewellery sector, with a projected CAGR of nearly 15% and a projected growth of USD 1.2 billion by 2033.
