Amit Shah urges Indian firms to own the full lab-grown diamond ecosystem
The Home Minister called on India’s gem and jewellery industry to build control across lab-grown diamond machinery, production, jewellery brands and global showrooms, positioning the category as a long-term growth opportunity through 2047.
What happened
India gem and jewellery industry · Home Minister Amit Shah urged Indian gem and jewellery companies to control the full lab-grown diamond ecosystem, from
Key facts
- Lab-grown diamond market could expand to nearly 50 times the current diamond market
- 52nd India Gem & Jewellery Awards
- India's gems and jewellery trade spans almost 6,000 years
- 2047
What changed
Home Minister Amit Shah urged Indian gem and jewellery companies to control the full lab-grown diamond ecosystem, from machinery and production to jewellery brands and global showrooms, citing India’s existing infrastructure, capital and entrepreneurial capability.
Why this matters
Indian jewellery operators should prepare to extend lab-grown diamond capabilities from production into owned brands, retail formats and international showrooms as policy support favors vertically integrated growth.
What to watch
- Government announcements on lab-grown diamond incentives, machinery subsidies, export support, certification standards or cluster development.
- Major Indian gem-and-jewellery groups launching dedicated lab-grown diamond brands, overseas stores or direct-to-consumer platforms.
- Investment announcements in CVD/HPHT reactor manufacturing, diamond seed technology or domestic equipment supply chains.
- Loose lab-grown diamond price declines versus natural diamonds and corresponding changes in jewellery retail pricing.
- US, EU and Gulf retailer adoption, disclosure rules, sustainability standards and import requirements for lab-grown diamond jewellery.