GJ Town India

Swiss made diamonds collection featuring six modern designs   Switzerland’s first sustainable diamond jewelry brand, presents the world‘s first-ever Swiss Made Diamond collection. With diamonds grown entirely in the heart of scenic Switzerland, surrounded by its famous mountains and using local, renewable energy, the house sets a new benchmark in transparency for the jewelry industry.    In collaboration with Ammil, Loev sets out to create a diamond collection that leaves no question marks in its supply chain and is fully committed to ethical and sustainable production.  The newly created Ammil diamond production facility in Muotathal, in the canton of Schwyz, operates on 90% hydroelectric power from the local Muota River, supplemented by solar and biomass energy. All raw materials, such as methane and hydrogen, are sourced from neighboring Germany.    Lab-grown diamonds offer a significant ethical and ecological advantage over mined diamonds, aimin...

They will focus on industrial quality LGDs   Recently at the JCK LV Show Al Cook, CEO-De Beers said media that the Lightbox factory in Gresham, Oregon, will stop Lab Grown Diamonds (LGDs) of the useful quality for jewellery. He said, they will focus on the LGDs production of industrial quality for technology!    Lightbox Lab in Portland, Oregon, can grow a 1 carat stone in about two weeks, entirely from 100% renewable wind power.  What's more, our state-of-the-art technology can alter the chemistry of the growing process to create lab-grown diamonds not just in white, but also in blue and pink.    Previously just in the May, Lightbox lowers LGDs retail prices by more than a third! De Beers Group’s LGD brand reduces pricing to reflect price declines in the LGD jewellery sector, with prices now starting at $500 per carat.    De Beers Group’s wholly-owned lab-grown diamond jewellery brand, Lightbox Jewelry, announced a permanent price reduction...

Daniel's Jewelers & Pure Grown Diamonds joins   The Grown Diamond Trade Organization (GDTO) is thrilled to announce that Daniel's Jewelers and Pure Grown Diamonds have become inaugural members of the GDTO.  Both companies stressed that GDTO aligns with their commitments to quality, transparency, and sustainability in the jewelry industry. The new GDTO Jewelry Report and its groundbreaking Sustainability Rating will enhance Daniel's Jewelers' and Pure Grown Diamonds’ offerings and provide customers with a clear sustainability story.   "We're excited to join the GDTO and be part of this transformative movement in the lab-grown diamond industry," said David Sherwood, CEO of Daniel's Jewelers. "The GDTO's focus on high standards and transparency perfectly aligns with our values and dedication to providing our customers with the best possible products."   Dan Schneider, President and COO of Pure Grown Diamonds added: “We’ve been extr...

  Introducing Ashth as a beacon of excellence and integrity   ConsciousCarats Private Limited proudly announces the launch of Ashth, a new standard in luxury lab-grown diamond jewellery. With a commitment to sustainability, innovation, and exquisite craftsmanship, Ashth aims to revolutionize the industry landscape.   Lab-grown diamonds have been rapidly gaining traction in the market, with projected sales in India expected to surge at an impressive 14.8% CAGR over the next decade. Ashth recognizes this paradigm shift and is poised to lead the charge in reshaping the industry landscape.   Mukesh Shah, Founder of Ashth, expressed his enthusiasm for the launch, stating, "Ashth represents a culmination of years of research and dedication to providing consumers with ethically sourced and environmentally friendly and affordable alternatives in the diamond industry. We are excited to introduce Ashth as a beacon of excellence and integrity in the world of lab-grown dia...

India share about 15% of the global LGDs production   According to CareEdge Advisory, the Lab-grown Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of ~US$1500-1530 million.   LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been growing, the declining prices have impacted the exports. Nevertheless, the depreciating rupee is likely to act as a cushion for the industry, believes CareEdge Advisory.   Going forward the demand for LGD exports are expected to revive in FY25, as demand for naturally mined diamonds may remain sluggish. This is attributed to its price point, environmental sustainability, and intensified competition from India against other leading LGD-producing nations.  Tanvi Shah, Director, CareEdge Analytics and Advisory said, “The LGD exports are expected to witness a revival with expected g...

Natural diamond is a diamond, Rare and a real sparkle!   India is the global diamond leader and is manufacturing about 94% of total global diamond! Yet the unique global diamond leader, India has passed through the ages! Even Opera house- Mumbai, the much known area was the only known where crores of Rupees of diamonds deal can be on the road side! Over the years, the whole of the diamond business is shifted to Bharat Diamond Bourse (BDB) in Mumbai.   In the BDB, numbers of new GenNext have taken a business charge from their old guards. Now de facto India is led by millennial and GenNext entrepreneur in the diamond business too! In the row, I just talk to Parin Shah, MD-Nine Diam. There was a general talk about the changing landscape of the diamond industry!   We focussed on mined diamond and manmade diamonds. He said, upon arriving LGDs new segment of fashion jewellery has opened up. Technology can offer bigger and wider table in LGDs that creates a huge impact o...