Indian Lab Grown Diamond Industry Marches Ahead

It gives me a great pleasure to present the fourth issue of Lab Grown Diamond Times. Eminent experts such as Dr. Sandeep Goyal and Paul Zimnisky have consented to share their work for all our readers. Thank you, gentlemen. It means a lot to us.

Scientist of National Physical Laboratory of India (NPL) is also IIT Kanpur alum.

It is therefore not surprising that in the 2023 Budget, the GOI has decided to provide R&D grant for 5 years to one of the IITs. This grant is to be utilized towards research in developing indigenous machinery to manufacture LGDs and growing seeds.

My learning journey from millennials continues. I have featured the stories of Chahat Shah (21), Surya Jain (31), Mehul Jain (35) and Biraj Shah (39) in these pages. Their efforts in boosting demand, distribution and retailing of lab diamond jewellery are noteworthy National and international trade shows help LGD manufacturers to reach out to new geographies and widen their reach. After the success of IIJS Signature 2023 show, all eyes are now on GJEPC’s IIJS Tritiya in Bangalore to be held in March.

The recently concluded Vicenzaoro in Italy, provided an excellent opportunity for the Indian LGD exhibitors to explore business opportunities with European jewellers. icenzaoro, which takes place in the industrial fair grounds of Vicenza in northeast Italy, near Venice, is the largest jewellery, watches, and accessories trade show in Europe, attracting retailers, wholesalers, manufacturers, and designer buyers from around the world.

I take this opportunity to thank Hasu Dholakiya for sharing his experience as a participant in this show. He has contribution of sharing amazing photographs and inputs added value to our magazine content.

I invite all exhibitors who participate in international shows to share their experiences. Please feel free to email your thoughts to me on editor@lgdtimes.com.

Paul in his report : Lab Diamond Sales Grow Amidst Falling Prices , (page no ) has acknowledged the contribution of Indian industry in bringing down the prices of not just the LGDs but the MPCVD reactors as well.

In this issue , we have featured four leading manufacturers who are contributing towards, making the Government of India’s Make In India program a reality. Their efforts are being acknowledged and will be further boosted by the provisions of Budget 2023.

The LGD industry has been identified by our honorable FM, Nirmala Sitharaman as a major thrust area. The recent sops will help consolidate and strengthen the LGD industry.

Our cover boy, the soft spoken, amiable and media shy, Sanat Vaviya , MD of Devngi Gems is representative of young India. At 23, he is ideally poised to take his company to greater heights. Devngi Gems holds a patent for the manufacturing of MPCVD reactor. I am sure, you will find the story of their two patents fascinating. Our second story on the California based Serenity Technologies founded by Dr.Suneeta and Jayant Neogi is equally interesting. These alumni of IIT Kanpur are making India proud in the LGD and diamond alternatives space. Coincidentally, Dr. P N Dixit the technological mastermind behind Devngi Gems, and former Chief

Lab Groown Diamond Times is perhaps the only Indian trade magazine to feature book reviews. In this issue too we have reviewed two interesting books.

Valentine’s Day is all about love, but there’s no rule that says it must be all about romantic love. February 14 is also a great time to show appreciation for friends – the old ones, the close ones, the fast ones, the true ones, and most importantly, the best ones.

So go ahead and express your love by gifting a diamond because a diamond can say it better than words.