SHOW DAILY by JNA • 13 JewelleryNet.com NEWS Day 1 • 27 September 2022 Shining light on growing capabilities All products from Bhanderi Lab Grown Diamonds Bhanderi Lab Grown Diamonds is regaling buyers at Jewellery & Gem WORLD Singapore with its extensive assortment of high-quality goods. Established in 2013, the company is a leading manufacturer and supplier of labgrown diamonds produced using the chemical vapor deposition (CVD) method. It caters to distributors, wholesalers and retailers around the world, with the US and Europe figuring as its top markets. While it produces a wide range of lab-grown diamonds in all sizes, qualities and shapes, its fastest-moving items are stones from 1 carat to 5 carats in E to G colours. “Demand is also increasing for smaller sizes of less than 1 carat,” the company disclosed. Heartened by rising trade and consumer demand in recent years, Bhanderi Lab Grown Diamonds is gearing up for further growth in 2023. For starters, it is building a new state-ofthe-art factory in Surat, India in anticipation of continued market interest in and clamour for lab-grown diamonds. The new facility will expand its monthly production capacity from the current 150,000 carats of polished lab-grown diamonds to 700,000 carats by the end of 2022. Also on the agenda for next year is the launch of a jewellery retail brand, which will provide consumers around the world with lightweight daily-wear jewellery pieces adorned with highquality lab-grown diamonds. Bhanderi Lab Grown Diamonds is upbeat on business prospects moving forward. Citing industry data on the exponential growth of the sector by 2025, it expects the product category to increase its market share of the gem and jewellery market as consumers gravitate to the design flexibility, attractive prices and sustainable nature of lab-grown diamonds. The company said, “Lab-grown diamonds will play a significant role in the jewellery and fashion industries in the coming year. The growth opportunities are tremendous.”
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