Surat lab-made heart-shaped diamonds in high demand in US on Valentine’s Day
Unlike natural diamonds, lab-grown diamonds are less expensive as they do not undergo much deterioration
Surat,Diamonds (lab-grown diamonds) made in Surat’s lab are to be installed in four moons this time in celebration of Valentine’s Day in America. Lab-made diamonds are in high demand to express emotions during times of economic depression. As the day celebrated as a symbol of love approaches, jewelers in Surat are working overtime to fulfill orders from the US, especially for heart-shaped diamonds.
Experts say that heart-shaped diamonds have no connection with love, but buying a natural rough diamond costs $8,000 to $10,000 (approximately Rs 6.5 lakh to Rs 8.25 lakh). Carving a diamond into a perfect heart shape takes a lot of effort and increases the value of a natural diamond many times over.
For example, lab-grown diamonds can be purchased for as little as $1,000 (roughly Rs. 82,500), making for an affordable yet attractive gift. Demand for LGD solicitors has doubled in a year. “Due to the reduction in prices, it has become more affordable for consumers even as profits for manufacturers have come down,” said Babu Vaghani, president of the LGD Association.
‘Solitaire jewelery is the most sought after LGD product due to richness and value. We have made some special products for Valentine’s Day and have also received orders for specific shapes like hearts,’ said Rajni Chanchad, owner of Radhe Jewellers. The largest market for diamond jewelery is in the US, where inflation has driven diamond buyers to LGD alternatives.
Along with this, chemical vapor deposition production also reached 2.5 lakh to 5 lakh carats a year ago. Diamonds are made in the lab using CVD as well as high pressure high temperature technology, while CVD is preferred by manufacturers for solitaires. ‘CVD is specially made for solitaire because of its quality.
People have invested heavily in machinery to make CVD and increased demand has fueled growth in production,” said Dinesh Navadia, Chairman, Indian Diamond Institute. It is possible to find a heart-shaped diamond in LGD for under $1,000, while a natural diamond can cost upwards of $8,000, taking into account deterioration.
We are getting orders for solitaire jewelery because of the price and quality,’ said Vijay Mangekia of Dhani Jewels. Smit Patel of Greenlab Diamonds, manufacturer and polisher of LGDs, said, “This time, there has been a multifold increase in demand, especially for certain shapes like heart, and growth in certain shapes is possible in LGD.ss1