Lab-grown diamonds are not ‘synthetic’, say Indian LGD jewellery companies

India’s LGD sector is snowballing, due to the rising consumer adoption and investor interest. A group of jewellery companies have emphasised that LGDs share the same physical, chemical, and optical properties as naturally mined diamonds, making them virtually indistinguishable from the naked eye.

Some new-age jewellery companies like Aukera, Giva, Green Lab Diamonds, and Jewelbox have raised concerns with the Central Consumer Protection Authority (CCPA) regarding the use of the term ‘synthetic’ for lab-grown diamonds (LGDs).

The domestic LGD jewellery market is estimated to surge fourfold from $299.9 million in 2023 to $1.19 billion by 2033. Despite this robust growth, concerns about unethical practices like mixing LGDs with natural diamonds in jewellery without disclosure have emerged.

The CCPA had asked diamond makers to clearly distinguish LGDs and disclose their production methods to protect consumers.