GJEPC to organise Lab Grown Diamonds expo in Surat on April 5-6

Sharing details of the event, GJEPC Gujarat region chairman Vijay Mangukiya said Saturday, “This is for the first time buyers and sellers meet for lab grown diamonds and jewellery items. We have fixed over 30 exhibitors which includes diamond growers, cut and polished diamonds and LGD studded jewellery manufacturers. Over 15 buyers from abroad including the US, UAE, Hong Kong, European countries will come and 15 buyers will come from different parts of India.”

In the last four years, the exports of LGD had gone by 400 percent and majority of the dimonds are exported to USA, UAE, and Hong Kong, he said.

“In 2019-20, the exports of LGD from India was worth 430 million US Dollars, and in 2021-22, it has gone upto 1,395 million US dollars. Between April 2022 to December 2022, the exports had gone upto 1385 million US Dollars. Over 80 percent of cut and polished LGD  are exported abroad while 20 percent are locally consumed,” Mangukiya said.

Surat Lab Grown Diamond Association president Babubhai Vaghani said that are around 40 lab grown diamond growers in the city while these diamonds are cut and polished in over 400 diamond factories in Surat.