Editor’s Note
This article highlights the projected exponential growth of India’s lab-grown diamond jewelry market, forecast to expand from $395.2 million in 2025 to over $1.5 billion by 2035. The data underscores a significant shift in consumer preferences and a major economic opportunity within the gem and jewelry sector.
The India Lab Grown Diamond Jewelry Market is estimated to be valued at USD 395.2 million in 2025 and is projected to reach USD 1571.4 million by 2035, registering a compound annual growth rate (CAGR) of 14.8% over the forecast period.
- India Lab Grown Diamond Jewelry Market Industry Value (2025): USD 395.2 million
- India Lab Grown Diamond Jewelry Market Forecast Value (2035): USD 1571.4 million
- India Lab Grown Diamond Jewelry Market Forecast CAGR: 14.8%
- Leading Segment in India Lab Grown Diamond Jewelry Market in 2025: Bangles (32.7%)
- Key Growth Region in India Lab Grown Diamond Jewelry Market: North America, Asia-Pacific, Europe
- Top Key Players in India Lab Grown Diamond Jewelry Market: Avtaara, Jewelbox, Limelight Lab Grown Diamonds Ltd., SYNDIORA, Fiona Diamonds, Ananta, DiAi Designs, Maiora Diamond, Wondr Diamonds, Others
The India lab grown diamond jewelry market is experiencing robust growth driven by rising consumer acceptance of sustainable and affordable diamond alternatives. Increasing awareness about the ethical and environmental advantages of lab grown diamonds compared to mined stones has significantly boosted demand across urban and semi urban markets.
Advancements in production technologies have improved the quality, clarity, and variety of lab grown diamonds, enabling manufacturers to meet diverse consumer preferences. Marketing strategies emphasizing transparency, value for money, and eco friendliness are further supporting adoption.
Regulatory recognition and acceptance in global trade have also enhanced confidence in lab grown diamond jewelry. The outlook for the Indian market remains positive as younger demographics prioritize sustainable luxury, retailers expand offerings, and production scalability continues to lower costs while maintaining high aesthetic appeal.
The bangles segment is projected to account for 32.70% of total market revenue by 2025, making it a leading application category. Growth is being influenced by cultural affinity for bangles in India combined with increasing demand for modern, sustainable, and premium jewelry designs.
The appeal of lab grown diamond studded bangles lies in their affordability and ethical sourcing, aligning with shifting consumer values. Enhanced design flexibility and customization options have further contributed to their prominence.
This application continues to strengthen its market position as consumers increasingly view bangles as both traditional and fashion forward jewelry choices.
The chemical vapour deposition segment is expected to hold 54.60% of total market revenue by 2025 under the technique category, establishing it as the dominant production method. This technique is valued for its ability to produce high quality diamonds with fewer impurities and greater consistency.
It enables manufacturers to create larger, gem quality stones at scale, meeting the growing demand from jewelry retailers and consumers seeking premium finishes. The cost efficiency of this technique compared to alternatives has further reinforced its adoption.
