Lab grown diamond Vs Real diamond price difference in India

The price difference between lab-grown diamonds and natural diamonds in India is significant, primarily because lab-grown diamonds are much more affordable. Here’s a breakdown:

1. Cost Comparison:

• Lab-Grown Diamonds: Typically cost 50%–70% less than natural diamonds of the same size, cut, and quality.
• Natural Diamonds: Their price is much higher due to the costs associated with mining, rarity, and the long geological processes required to form them.

2. Factors Influencing the Price Gap:

• Production: Lab-grown diamonds are created in controlled environments using advanced technology like HPHT (High Pressure High Temperature) or CVD (Chemical Vapor Deposition), which reduces costs significantly compared to mining.
• Rarity: Natural diamonds are rare, and their value is sustained by limited supply and high demand.
• Sustainability: Lab-grown diamonds are often considered eco-friendly and sustainable, which appeals to budget-conscious and eco-conscious buyers.
• Market Dynamics: The resale value of lab-grown diamonds is lower compared to natural diamonds.

3. Examples of Price Differences (indicative for Indian markets):

• 1-Carat Diamond:
  • Lab-Grown: ₹80,000–₹1,50,000
  • Natural: ₹2,00,000–₹4,00,000
• 0.5-Carat Diamond:
  • Lab-Grown: ₹40,000–₹70,000
  • Natural: ₹1,00,000–₹2,00,000

4. Market Trends in India:

• The adoption of lab-grown diamonds is growing, especially for everyday jewelry and weddings.
• Major retailers in India now offer lab-grown diamonds alongside natural ones.