• Latest
  • Trending
Lab-Grown diamonds seek fair recognition

Lab-Grown diamonds seek fair recognition

4 December 2024
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Iron ore vessel numbers remain tepid at Paradip Port

30 July 2025
Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

30 July 2025
Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

30 July 2025
Palo Alto Networks in talks to acquire CyberArk for over $20 billion

Palo Alto Networks in talks to acquire CyberArk for over $20 billion

30 July 2025
Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

30 July 2025
Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

29 July 2025
Major job cuts loom for IT workforce amid company restructuring

Major job cuts loom for IT workforce amid company restructuring

29 July 2025
Happiest Minds Q1 FY26: 17.5% YoY growth, strong double-digit momentum

Happiest Minds Q1 FY26: 17.5% YoY growth, strong double-digit momentum

29 July 2025
Why can’t we get insurance coverage for layoffs?

Why can’t we get insurance coverage for layoffs?

29 July 2025
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Aluminium price touches 4-month high at LME on Chinese demand prospects

28 July 2025
Top 10 Python skills every developer should learn

Top 10 Python skills every developer should learn

28 July 2025
TCS to let go of 2 percent of global employees

TCS to let go of 2 percent of global employees

28 July 2025
Wednesday, July 30, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Lab-Grown diamonds seek fair recognition

in Blog
Reading Time: 2 mins read
0
Lab-Grown diamonds seek fair recognition

Athira Sethu

Kochi, 4 December 2024

RelatedPosts

Why business users are choosing Python over Excel

Why learn Flask? Exploring the benefits of Python’s micro-framework

Why can’t we get insurance coverage for layoffs?

Aukera, Giva, Green Lab Diamonds, and Jewelbox, new-age jewelry brands, have been fighting back against the term “synthetic” being used to describe lab-grown diamonds. This, they argue, is the wrong connotation because people associate LGDs with inferior, cheaper diamond simulants like cubic zirconia, which do not have the properties of real diamonds.

These brands wrote a letter to the Central Consumer Protection Authority (CCPA), stating that LGDs possess the same physical, chemical, and optical properties as natural diamonds. Thus, they are nearly indistinguishable to the naked eye, unlike simulants. They implored regulators to move away from overregulation and focus on transparent labeling and consumer education in order not to stifle this nascent sustainable industry.

India’s lab-grown diamond industry is expanding rapidly, driven by consumer interest and investor support. For example:

  • Giva raised Rs 255 crore in a recent funding round.
  • Aukera secured Rs 26.7 crore.
  • Jewelbox raised Rs 3.5 crore earlier this year.

The market for LGD jewelry in India is expected to grow from $299.9 million in 2023 to $1.19 billion by 2033, according to market forecasts.

Although this industry is growing, there are still problems, including unethical practices such as mixing LGDs with natural diamonds without proper disclosure. The CCPA has called upon diamond manufacturers to clearly distinguish LGDs and disclose their production methods to protect consumers.

The other challenge that the company faces is falling prices because of overproduction and competition. Still, the government is supporting this industry through research grants worth Rs 242.96 crores to help increase native production of LGDs; IIT Madras will initiate this work.

Because of its hardness and thermal conductivity, lab-grown diamonds have found applications in industries including electronics, aerospace, and medicine. As the industry develops, LGDs are taking on a position of greater importance within sustainable and innovative technologies.

Related Posts

Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Python is being used as an increasingly effective tool in the business world, with...

Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

by databiztimes.com
29 July 2025
0

Athira Sethu Kochi, 29 July 2025 Flask is a light Python web framework. It has been referred to as a...

Why can’t we get insurance coverage for layoffs?

Why can’t we get insurance coverage for layoffs?

by databiztimes.com
29 July 2025
0

Srotaswini Mohapatra Pune, 29 July 2025 We insure our cars, homes, health—even our smartphones. But when it comes to losing...

Top 10 Python skills every developer should learn

Top 10 Python skills every developer should learn

by databiztimes.com
28 July 2025
0

Athira Sethu Kochi, 28 July 2025 Python is one of the most popular and useful programming languages today. Many companies...

Paradip Port Authority hits milestone: Handles 41.12 MMT cargo
Commodity

Data Story: Iron ore vessel numbers remain tepid at Paradip Port

by databiztimes.com
30 July 2025
0

DBT Bureau Bengaluru, 30 July 2025 Paradip Port is one of India’s major ports, handling a significant portion of iron...

Read moreDetails
Why business users are choosing Python over Excel
Blog

Why business users are choosing Python over Excel

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Python is being used as an increasingly effective tool in the business world, with...

Read moreDetails
Apple to open US Manufacturing Academy in Detroit on August 19 | Company News
Media Release

Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

by databiztimes.com
30 July 2025
0

DBT Bureau Pune, 30 July 2025 Apple will open its all-new Apple Manufacturing Academy in Detroit on Tuesday, August 19,...

Read moreDetails
Palo Alto Networks in talks to acquire CyberArk for over $20 billion
Business

Palo Alto Networks in talks to acquire CyberArk for over $20 billion

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Palo Alto Networks, one of the largest Santa Clara, California-based cybersecurity firms, is negotiating...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?