If diamonds tempt you, we suggest Brilliant Earth for pure stones sourced with integrity and Vrai for lab-grown diamonds. Lab-grown diamonds are reshaping the worldwide diamond jewelry market, with manufacturing volumes rising quickly. They offer lower costs, clean information, and are gaining reputation for engagement rings. The trade has faced challenges, however falling costs have spurred demand, particularly in Mumbai.

• Trade pact between India and EFTA aims to spice up gem and jewelry exports to $1 billion.
• The linchpin of Signet’s development technique is diamond jewelry, a market estimated by Statista to have totaled $47.7 billion in 2022, representing over half of the $81.eight billion customers spent on jewellery last year.
• GIA has appointed Matt Crimmin as vp of Laboratory Operations.

Too many times I even have entered a jewellery store and seen salespeople who had been selling, maybe, shirt or perfume the week before,” he says. The US – the world’s largest jewelry market – grew to become the brand new epicentre of the virus in late March, and Levy characterises the current buying and selling scenario as “on hold”. Caratlane’s whole gross sales grew by 45% to Rs.50 crores as in comparison with Q2 FY23.