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Global glut takes shine off Indian lab-grown diamonds, Retail News, ET Retail - Vimarsana News

Global glut takes shine off Indian lab-grown diamonds, Retail News, ET Retail

Published: May 21, 2024

Indian lab-grown diamonds (LGDs) prices crashed by 45% in FY24 due to overproduction in global markets. Indian LGD exports dropped by 18.2% in April to $83.77 million as demand rises with increasing gold prices, prompting consumers to opt for LGDs to reduce jewelry costs.

Source: indiatimes.com
Related Topics:
United KingdomUnited StatesAjoy ChawlaPooja Sheth MadhavanTony MehtaSheth MadhavanLimelight DiamondsGogreen DiamondsSouth America
Global glut takes shine off Indian lab-grown diamonds - Vimarsana News

Global glut takes shine off Indian lab-grown diamonds

Published: May 20, 2024

Indian lab-grown diamonds (LGDs) prices crashed by 45% in FY24 due to overproduction in global markets. Indian LGD exports dropped by 18.2% in April to $83.77 million as demand rises with increasing gold prices, prompting consumers to opt for LGDs to reduce jewelry costs.

Source: indiatimes.com
Related Topics:
United KingdomUnited StatesPooja Sheth MadhavanAjoy ChawlaSheth MadhavanTony MehtaLimelight DiamondsGogreen DiamondsSouth America