India targets lab-grown diamond value chain as jewellery park eyes ₹50,000 crore
Amit Shah called for Indian control across the lab-grown diamond ecosystem and the creation of global jewellery brands. The Centre, Gujarat and Maharashtra are preparing sector measures, while India Jewellery Park is projected to attract ₹50,000 crore and create nearly 1 lakh jobs.
What happened
India lab-grown diamond and jewellery industry · Amit Shah urged India to control the lab-grown diamond value chain and build global jewellery brands. The
Key facts
- Lab-grown diamond market could expand nearly 50 times in volume
- India's gems and jewellery exports were Rs 2.44 lakh crore in 2025
- Sector accounted for 6.3% of merchandise exports
- Sector employs nearly 75 lakh people
- Surat handles around 90% of global diamond cutting
What changed
Amit Shah urged India to control the lab-grown diamond value chain and build global jewellery brands. The Centre, Gujarat and Maharashtra are preparing sector policies, while India Jewellery Park is projected to draw Rs 50,000 crore and create nearly one lakh jobs.
Why this matters
Jewellery operators should prepare for policy-backed lab-grown diamond capacity and India Jewellery Park infrastructure that could lower ecosystem friction while raising the premium on brand-building and traceable end-to-end supply chains.