If you priced a lab-grown diamond a few years ago and look again today, you'll notice a big difference. Prices per carat have come down substantially. Here's why, and why it's good news for buyers.
Why prices have fallen
1. More production capacity. Growers in India, China and elsewhere have installed many more CVD and HPHT reactors, increasing supply.
2. Better technology. Growth processes have become faster and more efficient, producing more high-quality material per run.
3. Efficient cutting. Cutting centres such as Surat have scaled up planning, laser cutting and polishing for lab-grown stones.
4. Competition. As more brands and suppliers enter the market, pricing becomes more competitive.
India's own trade data reflects this: the value of polished lab-grown diamond exports fell in FY2023-24 largely because prices per carat came down. We break that down in our FY2023-24 export analysis.
What it means for shoppers
- Bigger stones for the same money. Many buyers now choose one- or two-carat centre stones.
- Better grades. D–F colour and VVS–VS clarity are within reach.
- More designs. Tennis bracelets, eternity bands and statement pieces have become accessible.
What it means for jewellers
- New price points that bring in younger and first-time customers
- Higher-carat designs at sensible retail prices
- Lower stock risk: keep popular sizes in stock and order specials on demand
An honest word on value
Because prices keep evolving, a laboratory-grown diamond is not a financial investment and resale values are low. Buy it because it is beautiful, durable and great value on the day, which it absolutely is.
How to check today's price
Compare the same specification across sellers: carat, colour, clarity, cut and certificate. Our wholesale price list shows current per-carat prices by size band.
