Indian diamond manufacturers are increasing lab-grown diamond production to gain supply chain autonomy from mining allocations. While LGDs represent 60% of export volume at an average $61 per carat, their rapid few months turnover cycle delivers faster cash flow and higher margins than natural diamonds. This is how LGDs give India control over their supply chain
Golan Jewelry Price Index Up 9% as Growth Returns Toward Long-Term Trend
US jewelry prices rose 9.2% in August as precious metal costs recovered and consumer spending continued shifting toward higher price points. The result is a growing market that is increasingly divided by price.