Gold has always symbolised prosperity, love, and security in India. From weddings to festivals, the yellow metal has been central to every celebration. However, in recent months, the price of gold has reached record highs, and traditional jewellery purchases have become increasingly expensive.
The shift in the affordability factor is forcing many Indian buyers toward a modern, sustainable, and equally stunning alternative: certified lab-grown diamonds. Let's explore why more Indians are embracing this sparkling trend.
Gold Prices Hit Record Highs Across India
The average price of 24K gold in India as of November 2025 is around ₹12,317 per gram (₹1.23 lakh per 10 g), and that of 22K gold hovers near ₹11,290 per gram.
This steep rise has made even simple gold jewellery much more expensive. According to a Reuters report, India's gold demand dropped in 2025 due to soaring prices and changing consumer preferences.
For many Indian families, jewellery is an emotional and financial investment – but when gold consumes most of the budget, there is little left to spend on elaborate designs or gemstones. And that's where lab-grown diamond jewellery comes in, offering a smart, elegant solution.
The Rise of Certified Lab Grown Diamonds in India
Just a few years ago, India emerged as a global manufacturing hub for lab-grown diamonds, particularly in the cities of Surat and Mumbai. They are physically, chemically, and optically identical to mined diamonds, but these diamonds are grown by using advanced technology in a controlled lab environment.
According to Redseer Strategy Consultants, the Indian lab-grown diamond jewellery market was valued between USD 300-350 million in 2024 and is projected to grow at a 15% CAGR over the next decade.
Lab grown diamond exports from India have also surged to ₹15,200 crore in FY 2023–24, according to the Gem & Jewellery Export Promotion Council. These figures clearly show that lab-grown stones are no longer a niche but have become mainstream both on the domestic and export fronts.
Why Indians Are Choosing Certified Lab-Grown Diamonds
a) Affordable Luxury
With the price of gold at an all-time high, consumers are turning toward certified lab-grown diamonds as a way to enjoy luxury without overspending.
Lab created diamonds are 30-60% less expensive than mined diamonds with similar quality; thus, buyers can afford larger stones or more intricate designs for the same price.
b) Certified Quality and Trust
Since you are buying a certified lab-created diamond, you get authentication from reputed agencies like IGI, GIA, or SGL. The certificate details all the essentials regarding the cut, colour, clarity, and carat weight of the diamond to ensure transparency and trust.
The certification gives assurance to Indian buyers – especially when it concerns bridal or festive purchases – that each single stone is genuine and graded.
c) Sustainable and Ethical Choice
Many young Indian couples are interested in laboratory-grown diamond jewellery because it speaks to their values of sustainability and responsible consumption. These diamonds are conflict-free and produced with much lower environmental impact than mined diamonds, sans any compromise on sparkle or brilliance.
d) Balancing it with Gold
Since gold now makes up such a significant portion of the cost in jewellery, reducing the weight of gold and then matching it with lab-grown diamonds enables you to have an elegant look without stretching your budget.
For example, a diamond-studded ring or pendant set in 14K or 18K gold using lab-grown stones instead of natural diamonds will cost 25–40% less.
Lab Grown Diamond Jewellery Trends in India
Indian jewellers have quickly adapted to this new trend. Leading brands in cities like Mumbai, Delhi, Bengaluru, and Surat are introducing whole collections consisting of certified lab grown diamonds. Popular categories include:
- Wedding and engagement rings
- Everyday wear pendants and earrings
- Lightweight bridal jewellery
- Customised designs for gifting
The designs are modern and minimalist, meant both for festive wear and daily elegance.
How to Choose Certified Lab Created Diamonds
The following are some tips to consider when buy lab grown diamond jewellery:
Ask for Certification:
The diamond should always have a certificate from IGI, GIA, or SGL, confirming that it is genuine and of superior quality.
Check the 4Cs:
Quality factors of cut, colour, clarity, and carat weight determine brilliance. With lab grown diamonds, you can usually afford a higher grade for the same budget.
Compare Metal Options:
As gold is expensive, consider lighter metals like 14K or 18K gold or platinum to balance the cost.
Shop from Trusted Brands: Opt for established jewellers who provide certified lab grown diamonds and who have transparent pricing, including return policies.
Balance Design and Investment: While resale value from lab-grown diamonds may differ from mined stones, their visual appeal and affordable, ethical sourcing make them a smart lifestyle investment.
The Future of Lab Grown Diamonds in India
India is leading the world in lab-grown diamonds, not just consuming them. Surat, the diamond capital of the world, has some of the biggest CVD diamond manufacturing facilities in the world today. Market Business Insights reports that India's lab-grown diamond market is likely to reach $8.31 billion by 2032.
With the government's support, innovation within the industry, and growing consumer awareness, certified lab created diamonds are all set to define modern jewellery for the Indian buyer seeking luxury with a purpose.
Conclusion
The gold prices continue to soar, and Indian consumers are reconsidering jewellery purchases. Certified lab grown diamonds offer the perfect balance of brilliance, value, and conscience — all the sparkle of traditional diamonds without the financial strain of high gold costs.
Whether you're choosing a wedding ring, gifting something special, or investing in a timeless piece, lab grown diamond jewellery lets you shine with confidence – beautifully, responsibly, and affordably.
FAQ’s
Q1: Are certified lab grown diamonds real diamonds?
Yes. Certified lab grown diamonds have the same physical, optical, and chemical properties as mined diamonds. The only difference is their origin — they’re created in a lab under controlled conditions.
Q2: Why are lab grown diamonds cheaper than mined diamonds?
Lab grown diamonds skip the long mining and distribution chain, making production more cost-efficient. They’re typically 30–60% more affordable, even though they’re real diamonds.
Q3: Which is better to buy in India — gold jewellery or lab grown diamond jewellery?
If you want investment, gold is traditional. But for stylish, budget-friendly luxury, lab grown diamond jewellery is better. It gives you real sparkle and certified quality at a lower price.
Q4: Where can I buy certified lab grown diamonds in India?
You can find certified lab grown diamonds online and at reputed jewellers in cities like Surat, Mumbai, Delhi, and Bengaluru. Always check for IGI or GIA certification