Indian lab-grown diamond sector emerges as a fast-growing global leader

India is rapidly emerging as a global leader in the lab-grown diamond (LGD) sector, blending traditional craftsmanship with cutting-edge technology.

Titan has established leadership positions in the watches, jewellery, and eyewear categories led by its trusted brands and differentiated customer experience. In March 2022, Titan picked up a 17.5% stake in Stamford, Connecticut-based lab-grown diamond maker Great Heights Inc. for an estimated US$ 20 million (m) through its subsidiary TCL North America Inc.

Another company Trent, launched its new LGD brand ‘Pome’ in Westside stores in 2024. Pome offers a range of LGD jewellery, including earrings, rings, necklaces, and bracelets, all crafted with the same expertise as natural diamonds. The LGD jewellery is competitively priced, making it more affordable and accessible to a wider audience.  

Another company, Senco Gold, is a pan-India jewellery retailer, recognised as the largest organised jewellery retail player in Eastern India by store count. The company primarily sells gold and diamond jewellery, along with items crafted from silver, platinum, and precious and semi-precious stones. Senco Gold has launched a sub-brand called ‘Sennes’ specifically for lab-grown diamond jewellery.

Similarly, many Indian LGD producers and jewellery manufacturers are growing rapidly, indicating that the LGD sector is here to stay!