IGI has analyzed and graded a 30.18 carat emerald cut laboratory grown diamond, the world’s largest to date. Produced by Ethereal Green Diamond, LLP the 30.18 ct “Pride of India” is the first polished lab grown diamond to exceed 30 cts.
The Pride Of India
Grown using the Chemical Vapor Deposition (CVD) process, the “Pride of India” measures 18.85 x 15.85 x 9.71 mm. The gemstone displays H color and VS2 clarity with polish and symmetry grades of Excellent. The type IIa rough crystal from which it was fashioned took approximately four weeks to grow. Ethereal Green Diamond, headquartered in Mumbai, India, is well-known for producing large, high-quality lab grown diamonds. According to Hirav Anil Virani, Ethereal’s Managing Director, the company plans to continue creating and certifying such exceptional record-setting diamonds:
IGI is the largest organization of its kind, having laboratories worldwide, with an impeccable customer driven team and ameliorating technologies and equipment. This gives us the trust and confidence to certify our diamonds at IGI. Choosing ethically made, long-lasting items is one of the best actions you can take for our planet and its people.
This breakthrough comes on the heels of record-setting 27.27 and 20.24 ct stones produced by Greenlab Diamonds, named Om and Shivaya, analyzed and graded by IGI last month. It speaks to the pace of accelerating change in the lab grown sector, which appears to mirror growing demand among consumer buyers. The global lab grown diamond market was valued at $19.3 billion in 2020, and is projected to reach $49.9 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030. The CVD segment led in terms of market share in 2020 and is expected to retain its dominance.
The Importance of Disclosure
Tehmasp Printer, Managing Director of IGI India, commented on the importance of analysis, transparency and disclosure in the diamond, gemstone, and jewelry industry:
Constant research in developing methods and technology to protect the interest of the end consumer has been the utmost priority at IGI. Our team is continually in search of methods to ensure such spectacular creations are graded with rectitude & precision
Displayed Last Week
Last week’s JCK Las Vegas attendees enjoyed seeing all of these gemstones in person: The 30 carat “Pride of India” was on display with Ethereal Green Diamond, while the 27 carat Om and 20 carat Shivaya were exhibited by Greenlab Diamonds.