Editor’s Note
This article highlights the International Gemological Institute’s commanding position in India’s lab-grown diamond sector, where it reportedly certifies about 80% of the country’s output. This dominance reflects both the scale of India’s production and the critical role of trusted certification in this growing market.
According to a report by CNBC-TV18, the International Gemological Institute (IGI) certifies approximately 80% of the lab-grown diamonds produced in India. This significant market share underscores IGI’s pivotal role in the Indian diamond industry, particularly in the rapidly expanding lab-grown segment.
India is a global hub for diamond cutting and polishing, and its role in the lab-grown diamond market is growing exponentially. Certification by a reputable institute like IGI is crucial for consumer confidence, ensuring the diamonds’ quality, authenticity, and characteristics are accurately reported for both domestic and international markets.