India Produces Three Million Diamonds Annually
India produces approximately three million diamonds per year, which has collapsed global prices by as much as 40%. Documentary maker Jason Cohn reported that diamond-making foundries can be the size of a college campus. These facilities contain over one thousand large diamond-making machines operating at high temperatures. The lab-grown diamond industry is currently valued at approximately $30 billion a year. Rohit Mehta, CEO of Four Link Ventures based in Surat, stated that lab-grown diamonds are cheaper and more ethically and environmentally sourced than natural stones.
Topics
Developing
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Sources · 7 independent
WAMU 88.5 DC
“India alone is producing perhaps three million of these diamonds a year, collapsing global prices by as much as 40%.”
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