Archive · 30 Nov 2025
India's Lab-Grown Diamond Market Grows Rapidly in 2025
India's lab-grown diamond market is growing fast in 2025.
Many new brands are getting money from investors to expand.
These diamonds are cheaper and come in many designs.
Young people like them because they are good quality and trendy.
Big jewelry companies are also starting to sell lab-grown diamonds.
The market is expected to keep growing for the next ten years.
India's lab-grown diamond (LGD) market is valued at $300-350 million in 2024 and is projected to grow at a 15% CAGR over the next decade.
Nine LGD startups collectively raised $26.4 million in 2025, compared to $4.7 million across eight startups in 2024.
Brands like Limelight, Onya, Giva, and Aukera have recently secured significant funding for expansion.
Major jewelry brands such as Malabar Gold & Diamonds, Senco Gold, and Tata’s Trent are considering or have already launched LGD lines.
LGD prices have stabilized with a 25% increase in the last year, while mined diamonds declined by 3%, boosting confidence in the sector.
- Who
- Indian lab-grown diamond (LGD) startups and investors
- What
- Surge in investor interest and market growth in India's LGD segment
- When
- 2025
- Where
- India
- Why
- Rising consumer adoption, better value, trendier designs, and changing consumer preferences
- Projected Growth
- 15% CAGR over the next decade
- Key Players
- Limelight, Onya, Giva, Jewelbox, Lucira Jewellery, Aukera
- Price Change (2024-2025)
- LGD +25%, Mined Diamonds -3%
- Consumer Demographics
- Millennials and Gen Z leading adoption
- Future Growth Areas
- Omnichannel retail, exports, fashion jewellery, luxury collaborations