GJ Town India

  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 diamond jewellery

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 growth of 7-9% to re