Archive · 20 Sep 2025
Lab-Grown Diamonds Gain Popularity Amid Soaring Gold Prices
Gold prices are very high, pushing up the cost of gold jewelry.
Many people are now choosing lab-grown diamonds (LGDs) for a more budget-friendly option.
LGDs cost much less than natural diamonds.
Younger shoppers are especially interested.
Brands are launching LGD collections.
This allows people to enjoy jewellery without spending too much.
Sales of LGDs are expected to rise.
Consumers are increasingly considering lab-grown diamond (LGD) jewellery due to high gold prices.
Leading jewellery brands are offering more affordable LGD options.
Gold prices have significantly increased, influencing consumer choices.
LGDs are 50-80% cheaper than natural diamonds, attracting buyers.
LGDs are trending for gifting, particularly with younger consumers.
- Who
- Consumers, Jewellery brands
- What
- Shift towards lab-grown diamonds (LGDs) as an alternative to gold jewellery.
- When
- Ongoing, with increased interest during the festival season of 2025.
- Where
- India
- Why
- Due to rising gold prices making LGDs a more affordable option.
Gold Jewellery
Lab-Grown Diamond Jewellery
Primary Purpose
Gold Jewellery
Traditional, cultural, and investment-driven purchase.
Lab-Grown Diamond Jewellery
Adornment, self-expression, and festival gifting.
Price
Gold Jewellery
High, influenced by market prices.
Lab-Grown Diamond Jewellery
More accessible due to lower cost.
Target Customer
Gold Jewellery
Traditional buyers, investors.
Lab-Grown Diamond Jewellery
Younger consumers and corporate executives.
- Key Trend
- Consumers opting for Lab Grown Diamond (LGD) jewellery due to high gold prices.
- Price of Gold
- Increased 10% to ₹109,775 per 10 grams.
- Gold Price Increase (Year-on-Year)
- 52%
- Impact on Gold Jewellery Demand
- Expected volume fall of 20-30% this festival season.
- LGD Cost Compared to Natural Diamonds
- 50-80% cheaper
