Indian Research Sees Output of Mined Diamonds Slumping, Lab-Grown Soaring by 2030

Finance and Trade
03/12/2015 10:45

Production of lab-grown diamonds will rise to more than 20 million carats annually by 2030 from 3.6 million carats today thereby fulfilling rising demand for diamonds as mined diamond output slumps to just 62 million carats in 2030 from around 125 million carats in 2015, according to a study by an Indian body called the PHD Research Bureau of PHD Chamber of Commerce and Industry. The report claims that demand for diamonds will be 221 million carats annually in 15 years time.