Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Gaetano Cavalieri: CIBJO leading the jewelry industry on critical issues

One of the gem and jewellery industry’s most well-known and respected personalities, Dr. Gaetano Cavalieri, has been the president of the World Jewellery Confederation (CIBJO), for the past 23 years. CIBJO is the oldest international organisation...

09 december 2024

India is poised as the largest exporter of lab-grown diamonds globally

28 june 2023

India is the market leader in exporting lab-grown diamonds (LGD) to the United States, the United Arab Emirates, and China. India's LGD exports amounted to $1.3 bn in 2021-22, a 106.5 per cent increase compared to the $636.44 mn in 2020-21.

The industry’s rise began in 2018 as India exported lab-grown diamonds worth $216.07 mn to rise to $1.57 bn in the financial year 2022 - 2023. From their humble birth in the 1950s, lab-grown diamonds have grown to be embraced by big watch and jewellery companies.

Figures emerging from India are also proof of this boom. India exported lab-grown diamonds worth $216.07 mn in the financial year 2017-18. The latest number between April 2022 to February 2023 stood at $1.5 bn, a seven-times rise in volume over six years.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished