India’s growing love for Lab-Grown Diamond jewellery

Lab-grown diamonds, once viewed as a niche category focused on sustainability, are increasingly finding a place in mainstream fine jewellery collections in India. The sector is entering a period of rapid expansion, and what was once viewed as a niche category is now a complete mainstream fine jewellery collection. The lab-grown diamond jewellery market value is projected to rise from $453.7 million in 2026 to $1.79 billion by 2036.

The sector is expected to register a compound annual growth rate (CAGR) of 14.8 per cent during the forecast period. The industry’s growth isfueled by rising consumer acceptance, increased awareness about lab-grown diamonds, supportive regulatory measures, and expanding retail availability. LGD jewellery, which was once viewed as a niche category focused on sustainability, is now increasingly finding a place in mainstream fine jewellery collections.

A major force behind the industry’s expansion is the growing preference among younger consumers for affordable luxury. However, while younger consumers and first-time buyers have been the earlier buyers of LGD jewellery, the category is now attracting a much wider audience due to the cost, as well as modern designs. Buyers’ decisions are becoming less about age and more about choosing the best quality and design for the money being spent. So, LGD jewellery is here to stay … not just in India, but even globally.