Is There a Lab Grown Diamond Cheap or Expensive?

However, the decline in diamond prices has attracted new entrepreneurs. Snehal Dungarni is the CEO of Bhandari Lab Grown Diamonds. He started it in the year 2013. This company uses chemical vapour deposition technology to make diamonds.

Did you know that India has long played an important role in the diamond industry? According to an estimate, nine out of ten diamonds in the world are polished in Surat. Now the government wants India to become a big and prominent player in the lab diamond manufacturing business.

In the month of January, in an effort to promote this sector, the Indian government reduced the tax on the import of diamond seeds by five percent. Along with this, assistance has also been announced to develop diamond seed production in India itself.

Lab-grown diamonds (also known as lab-grown diamonds, man-made diamonds, engineered diamonds, and cultured diamonds) are grown in highly controlled laboratory environments using advanced technical processes that mimic the conditions under which Diamonds grow naturally when they form in the mantle, beneath the Earth’s crust. Also, lab grown diamonds display the same physical, chemical, and optical characteristics as natural diamonds, and exhibit the same fire, scintillation, and sparkle.

“The Indian market is still not ready. As a council we are promoting exhibitions and events to promote lab-prepared diamonds. India will be ready in the next four years.

What Are the Benefits of Lab Grown Diamonds?

• More beautiful due to better, brighter quality and higher purity

• less defects

•Environment friendly

• more power

• Colors that are rarely found in nature can be created, making unique and coveted pieces more attainable

• Traceable original sources allow you to source diamonds from reputable locations that do not engage in poor treatment of workers or communities