India, Feb. 17 -- India is known for its love of fine jewellery. But lab-grown diamonds (LGDs) are no longer a fringe choice, especially among younger buyers. They are gaining ground not just because they can be more affordable than mined diamonds, but because many consumers now want a version of luxury that feels lighter on the planet and less entangled in the ethical costs of traditional mining.

In fact, India is well placed in this transition. The country is a major hub for lab-grown diamond manufacturing and downstream jewellery retail, spanning production, polishing and branding. The market for LGD jewellery is estimated to reach $1.6 Bn by 2035, from $395.2 Mn in 2025, growing at a 14.8% CAGR.

Despite this momentum, serious buyers...