India's Lab-Grown Diamond Industry: A Golden Opportunity for Importers and Exporters

At Befach International, we're excited about the immense potential of lab-grown diamonds (LGDs) in India's import-export landscape. Here's why:

1. Government Support: India has identified LGDs as a key growth sector, modernizing export zones like SEEPZ in Mumbai and uRSEZ in Gujarat.

2. Export Growth: In 2023, India's polished LGD exports surged by over 50% in volume, reaching 6.45 million carats.

3. Import Opportunities: Despite increased domestic production, India imported rough LGDs worth $1,143.7 million in FY 2024.

4. Market Potential: The global LGD market is projected to reach $5 billion by 2025 and exceed $15 billion by 2035.

5. Regulatory Developments: New quality control orders and declaration requirements are being implemented to standardize the industry.

As a startup focused on simplifying imports to India, Befach International is well-positioned to help businesses navigate this growing sector. Whether you're looking to import raw materials for LGD production we're here to support your journey in this exciting industry.

Let's connect and explore how we can leverage these opportunities together!