Lab grown diamonds: What India and US are thinking in 2023

The increased popularity of lab-grown diamonds is not just a trend. LGD is here to stay

Lab-grown diamonds have been making waves in the jewelry industry in recent years, and their popularity continues to soar. These diamonds, created through advanced technological processes, offer a sustainable and ethical alternative to mined diamonds. In a significant development, a remarkable 7.5-carat lab-grown diamond, personally gifted by Prime Minister Narendra Modi to the First Lady of the United States, Jill Biden, has made its way to the diamond hub of Surat, India. The diamond has been cut and polished at the prestigious "Greenlab Diamonds - Lab Grown Diamond Factory," marking a significant milestone for the lab-grown diamond industry and showcasing India's prowess in the field. In this blog post, we will explore the implications of this event on India's economy and the potential growth of the Indian jewelry design industry. 

Image source: https://www.thehindu.com/news/national/pm-modi-gifts-eco-friendly-lab-grown-diamond-to-us-first-lady-jill-biden/article66996505.ece

The Rise of Lab-Grown Diamonds :

Lab-grown diamonds, also known as cultured or synthetic diamonds, are created in laboratories using advanced technological processes that mimic the natural diamond formation. These diamonds possess the same chemical and physical properties as natural diamonds, making them indistinguishable to the naked eye. The rise of lab-grown diamonds is driven by their ethical and sustainable nature, as they do not involve destructive mining practices or contribute to environmental degradation. 

The Prime Minister's Gift :

Prime Minister Narendra Modi's decision to gift a lab-grown diamond to the First Lady of the United States, Jill Biden, highlights India's commitment to sustainability and innovation in the diamond industry. This gesture not only promotes the country's technological advancements but also emphasizes India's role as a global leader in the production and distribution of lab-grown diamonds. 

Greenlab Diamonds - LabGrown Diamond Factory 

The cutting and polishing of the 7.5-carat lab-grown diamond took place at Greenlab Diamonds, a prominent lab-grown diamond factory located in Surat, India. Surat, often referred to as the "Diamond City," is renowned for its expertise in diamond processing and manufacturing. The city is home to a thriving diamond industry and has a well-established infrastructure to support the production and export of both natural and lab-grown diamonds. 

Economic Implications for India :

India's economy stands to benefit significantly from the growing lab-grown diamond industry. As the world's largest diamond cutting and polishing center, India possesses the necessary infrastructure and skilled workforce to process and transform these diamonds into exquisite pieces of jewelry. The arrival of the 7.5-carat lab-grown diamond in Surat further reinforces India's position as a global hub for diamond manufacturing and trade. 

1. Employment Opportunities: 

The expansion of the lab-grown diamond industry will create numerous employment opportunities in India, especially in regions like Surat. Skilled artisans, gemologists, and craftsmen will be in high demand to handle the cutting, polishing, and designing of these diamonds. The increased employment rate will have a positive impact on the country's economy, reducing unemployment and improving the living standards of many individuals. 

2. Boost to Jewelry Design Industry: 

The introduction of lab-grown diamonds into the market opens up new avenues for the Indian jewelry design industry. These ethically sourced diamonds provide jewelry designers with a wide range of possibilities, allowing them to create innovative and sustainable pieces. The jewelry design industry in India is renowned for its craftsmanship and creativity. With the availability of lab-grown diamonds, designers can explore unique designs without the limitations posed by the rarity and cost of natural diamonds.
According to industry experts, the market for lab-grown diamonds is expected to grow at a compound annual growth rate of 22% between 2021 and 2026, reaching a value of $27.6 billion by 2026. This growth will undoubtedly contribute to India's economic prosperity, as the country's jewelry design industry will witness a surge in demand and exports.


The lab-grown diamond of 7.5-carats gifted by Prime Minister Narendra Modi to the First Lady of the United States, Jill Biden, represents a significant milestone for the lab-grown diamond industry in India. This gesture showcases India's commitment to sustainability, innovation, and craftsmanship. With the cutting and polishing of the diamond taking place at Greenlab Diamonds in Surat, India's diamond hub, the nation's economy is poised to benefit greatly. The growth of the lab-grown diamond industry will generate employment opportunities and propel the jewelry design industry to new heights. As India continues to embrace ethical and sustainable practices, it solidifies its position as a global leader in the diamond industry, creating a promising future for both the economy and the environment.