Why lab-grown diamonds are picking up pace
Just last week India's largest PSU bank SBI decided to formally create a policy that would allow for loans to be made to makers of lab-grown stones.
Just last week India's largest PSU bank SBI decided to formally create a policy that would allow for loans to be made to makers of lab-grown stones.
Consumers are asking questions about the origin of diamonds — whether they have been ethically mined, however, they are not willing to pay a premium for ethics and sustainability.
Jewellers believe, with no other option, the jewellery industry has to put the burden of price rise on consumers to protect their supply continuity and protect from shrinking profit margins.