India's Diamond Industry Undergoing Revolutionary Changes

1 min read
Source: BBC
India's Diamond Industry Undergoing Revolutionary Changes
Photo: BBC
TL;DR Summary

India's diamond industry is undergoing a revolution as lab-grown diamonds (LGDs) become increasingly popular due to improved technology and falling costs. LGDs are now so similar to natural diamonds that even experts have trouble telling them apart. India already produces around 15% of the world's LGDs, and the government is keen to develop the sector further. While some in the traditional diamond industry remain sceptical, others see LGDs as a way to broaden the market for diamonds and make the industry more environmentally friendly.

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