The revolution underway in India's diamond industry

Key Facts

While those techniques emerged in the late 20th Century, it's only in the last 10 years that the process has been refined so that lab-grown diamonds can be made at the right price and quality to be sold as jewellery.
India has long played a key role in the diamond industry - it's estimated that nine out of 10 of the world's diamonds are polished in Surat.
Image source, Bandari Lab Diamonds Image caption, The lab-grown diamond business has prospered over the last 10 years The nation already produces around three million lab-grown diamonds a year, accounting for 15% of global production, according to the Ministry of Commerce and Industry.
"Lab-grown diamonds lose their value after buying, whereas in a natural diamond 50% of the value is retained after buying," he says.