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The diamond business keeps proving one thing over and over: when it comes to diamonds, the world looks to India. India is still the best place in the world to cut, polish, and export diamonds, whether they are natural stones or lab-grown diamonds.
Why India Is the Most Important Country in the World for Diamonds
· Skilled Workforce: For generations, artisans in Surat, Mumbai, and other cities have learned how to cut and polish diamonds. No one else can match their accuracy.
· Advanced Technology: Indian manufacturers have quickly started using modern machines, which speeds up the process, makes it more efficient, and makes it last longer.
· Global Supply Chain Leadership: India cuts and polishes almost 90% of the world's diamonds before they get to stores in the U.S., Europe, and other places.
The U.S. Market Is Dependent on India
The US buys more diamonds than any other country. American stores and buyers depend on India for more than just finished diamonds. They also depend on India for cheap processing. • Without India, supply chains would be severely disrupted.
U.S. buyers like India's reliability, quality, and quick shipping.
India's role is irreplaceable, whether it's high-end luxury jewelry or cheap diamond pieces.
The Growth of Diamonds Made in Labs
Lab-grown diamonds (LGDs) have been in the news a lot lately.
These diamonds are:
- 100% real diamonds, with the same chemical, optical, and physical properties as mined ones.
- Eco-friendly and sustainable, since they don't need to be mined.
- Cheap, which makes diamonds easier for more people to get.
India has also quickly become a world leader in diamonds grown in labs. Surat is home to the most advanced labs and factories in the state that make LGD. These gems have become popular in the U.S. market, especially among younger buyers who want eco-friendly and ethical choices.
What Leaders in Business Are Saying
Experts in the field say that the U.S. has no choice but to work with India because:
- India controls the supply of both natural and lab-grown diamonds;
- Expertise, scale, and infrastructure built up over decades can't be built up overnight; and
- U.S. retailers trust India's ability to meet demand in both quality and quantity.
The Future of the Diamond Trade Between the U.S. and India
The partnership between India and the U.S. is expected to get stronger in the future. India is the top supplier of lab-grown diamonds in the U.S. as demand for them grows. India still sets the standard for natural diamonds around the world.
