Lab-Grown Diamonds: Market Dynamics and Consumer Sentiment

The lab-grown diamonds market is expanding significantly, yet established jewelers in India show limited interest in this trend. Despite the growing popularity of lab-grown diamonds, the CEO of Tanishk reported minimal consumer inquiries, revealing that many customers are more concerned about the authenticity of natural diamonds. While lab-grown diamonds are more affordable and environmentally friendly, they are also seen as less valuable due to their unlimited supply and lower resale value compared to natural diamonds. The distinction in consumer preferences highlights the psychological aspects of luxury jewelry, with natural diamonds remaining favored for special occasions, while lab-grown diamonds appeal to cost-conscious younger buyers.