Romancing the stone, and not breaking the bank
Six months ago, a 1-carat LGD ring at the retail level was priced at ₹2 lakh. But now it costs ₹80,000-₹1 lakh. Similarly, a 1-carat natural diamond ring was priced ₹8 lakh six months ago but now it has dropped to ₹5 lakh, a decline of 37.5% . Diamond solitaire rings are flying off the shelves, as well-heeled customers take advantage of this trend.
Lisa Mukhedkar Shamlal Ahamed Suvankar Sen Pooja Sheth Madhavan Limelight Lab Grown Diamonds Affluent Indians
Source: indiatimes.com