BudgetBusinessFinanceMr. Agastya SoniPNN NewsPress Release

Mr. Agastya Sonani, Director of Sonani Jewels shares Budget Expectations for Lab Grown Diamond Jewellery Industry in India

Surat (Gujarat) [India], January 31: Mr. Agastya Sonani, Director of Sonani Jewels, expresses excitement about the upcoming interim budget for the lab-grown diamond jewellery industry in India for the year 2024. He highlights the global boom in the lab-grown diamond sector, positioning India as a key player with its skilled workforce and advanced technology, poised to become a leading hub for lab-grown diamond jewellery production. The Indian Lab-Grown Diamond Jewellery industry is a significant contributor to the nation’s economy, sustaining around 4.3 million jobs, contributing 10% to merchandise exports, and influencing overall economic growth. The estimated market size in 2023 is US$ 299.9 million, with a projected market size of US$ 1,192.3 million by 2033, reflecting a value-base...

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