One of the largest Lab grown Diamond Grower in the US has filed for bankruptcy according to reports. Using Chemical Vapour Deposition technology, WD diamonds escalated to become one of the most important created diamond growers in the world and had set a record of growing 9.04 carat gem quality LGD. Over the last few years India has had a steadfast development and growth related to the LGD and have been penetrating US and other potential world markets with excessive produce that has resulted in ‘price crash’ related to all shapes and sizes of LGD.

While the LGD sector is continuing to witness a fall in prices, the gap between supply and demand is widening, posing a serious threat to growers in the US and elsewhere. A structured pricing approach coupled with a unified and streamlined supply of rough LGD might be a possible long-term solution to up keep the value of LGD. This will also help the sector build a strong supply chain beneficial to the Industry in the long run. While the LGD sector is satisfying the buying appetite of consumers especially in the solitaire segment, it is becoming important for the sector to maintain a premium and luxury position when it comes to buyers. A free fall in price may take down the commodity to be branded as ‘cheap jewellery’. The LGD Industry might not want this to happen at a time when new doors are opening in potential markets.