High quality, lab-grown diamonds are now available at a fraction of the cost of their natural counterparts in India.However, Patade, the salesman at Fiona, one of the few jewellers selling certified lab-grown diamonds in India, said, “People are still not aware of lab-grown diamonds. “It’s impossible to discern lab diamonds from natural diamonds with the naked eye—or even with an eye-loupe.”Business is also booming for those growing stones for exports. “Our exports to America have risen significantly… a good number of polished lab diamond stones that we’ve exported find their way back to India. Currently, there are an estimated 350-400 reactors churning out lab diamonds in India.Setting up a lab diamond farm is an expensive proposition. Among smaller stones, lab diamonds could cost a mere 25% of what a natural diamond would.

Source: Economic Times October 21, 2019 03:11 UTC