Lab-grown diamonds to save struggling industry

Dubai: The lab-grown diamonds have the potential to revive India's struggling diamond industry, an Indian-origin business executive has said.

Around 10 per cent of the diamond factories in Surat are nowadays cutting created diamonds at a time when the earth-mine industry is suffering, Amish R Shah, President of the ALTR Created Diamonds, said.

Speaking here, Gujarat-born businessman said that the mid-stream segment hasn't made money for the last decade and that the lab-grown diamonds have the potential to revive India's struggling diamond industry.