New Delhi: Lab-grown diamonds are attracting increased demand this Karwa Chauth as shoppers explore more affordable alternatives to mined diamonds. With jewellery purchases picking up ahead of the festival, these diamonds are emerging as an option for buyers seeking sparkle at a lower price.
According to the supplied report, lab-grown diamonds can cost up to 70% less than mined diamonds. They have similar chemical composition, crystal structure, hardness and optical properties, although differences can exist in their growth characteristics and identifying features.
The lower price point is making lab-grown diamond jewellery an attractive consideration for consumers planning to buy rings, earrings, pendants and other festive gifts. However, buyers should understand the distinction between lab-grown and mined diamonds before making a purchase.
Experts advise shoppers to pay attention to taxation, Goods and Services Tax (GST), making charges and resale conditions. The final bill may include the cost of the diamond, the metal used in the jewellery, manufacturing charges and applicable taxes.
Buyers should also request proper invoices and certification that clearly identifies the stone as lab-grown. They should check the retailer’s exchange, buyback and resale policies in advance, as lab-grown diamonds may have different resale values from mined diamonds.
While the reported price difference can offer significant upfront savings, resale value and long-term ownership costs are important considerations. Consumers are advised to compare product specifications, certification and the complete purchase price before deciding.
