DiamondBuzz
Augmont expands SPOT Gold Trading platform with lab grown diamond integration for global markets
Augmont, India’s largest gold trading platform announced that it has added Lab Grown Diamonds (LGD) to its existing online SPOT trading platform for precious metals catering to more than 5,000 jewellers across the country.
The enhanced SPOT 2.0 platform brings Augmont’s 17 years of precious metals trading expertise to the growing LGD sector. This addition represents an evolution of diamond trading infrastructure, particularly as India maintains its position as the world’s largest diamond cutting and polishing destination.
The platform enhancement introduces transparent pricing mechanisms and streamlined procurement processes for the LGD market inspiring confidence among key stakeholders. This strategic move is set to streamline the procurement for jewellers while establishing a transparent and efficient pricing mechanism for the rapidly growing LGD market in India.

Ketan Kothari, Director of Augmont Group, said, “Augmont has firmly established itself as India’s go-to destination for buying and selling gold. Building on this strong foundation, we are proud to have our own lab-grown diamond (LGD) platform on Augmont SPOT, addressing the surging demand in this rapidly growing industry. The platform will enable market pricing and delivery of these diamonds globally including USA, Europe, Gulf and East Asia’’
Aarav Bafna, Product Head (LGD), Augmont, said, “With the extended version of SPOT, we plan to set a benchmark for LGD pricing. The current LGD pricing model, based solely on discounts relative to mined diamonds, is fundamentally flawed and irrational. Augmont is here to transform that narrative. Just as we revolutionized gold trading and price discovery in India, we are now ready to redefine and reimagine the LGD market.”
SPOT offers a comprehensive and unified trading experience, enabling jewellers to source all their manufacturing requirements—including gold, silver, platinum, lab-grown diamonds, precious metal alloys, precious stones, and other essential materials—through a single integrated online platform. It also features real-time price discovery powered by advanced algorithms and market mechanisms, ensuring transparent and fair pricing. Quality assurance is a priority, with certification and verification processes for all listed diamonds. Built upon Augmont’s proven 17-year-old trading infrastructure, SPOT ensures seamless integration for a reliable and efficient trading experience.
The platform addresses the growing demand for lab-grown diamonds, which have gained significant market share due to their sustainable nature and competitive pricing. SPOT is expected to handle substantial trading volumes, reflecting India’s dominant position in the global LGD polishing industry.
As per the Commerce Ministry’s data, India polishes almost 98% of all lab-grown diamonds in the world in 2022.
As per the EY report, the demand for Lab-Grown Diamonds is rising across the world, and its global market size is growing at 8.64% CAGR to touch $39.3 billion by 2028. And the Indian lab-grown diamond jewellery market, which was valued at around $300 million in 2023, is set to increase to $1.2 billion by 2033.
DiamondBuzz
GIA Celebrates World Diamond Day Highlighting Iconic Gems
Institute Spotlights Historic Diamonds Like the Hope, Dresden Green, Winston Red, Taylor Burton, Motswedi
The Gemological Institute of America (GIA) marked World Diamond Day on 8th April by highlighting a selection of historically significant precious stones it has examined, underscoring their rarity, scientific importance and cultural legacy.
Below is a concise analytical breakdown of the stones and their significance from a trade, scientific, and storytelling angle:
Key diamonds highlighted
- Hope Diamond (45.52 ct, Fancy Deep greyish blue)
Traced to Golconda‑type deposits in India, this stone passed through French royalty before entering private and then museum collections, and today sits at the Smithsonian. Its combination of intense blue colour, provenance, and storied “curse” lore has made it one of the most‑recognised diamonds in the world, frequently used as a reference point in colour‑diamond marketing and exhibitions. - Dresden Green (~41 ct natural green)
The largest known natural green diamond, with an even green hue produced by natural ionising radiation in the crust. Its high purity and Saxon–European royal‑court history make it a benchmark for both rarity and the link between gemstones and political‑dynastic symbolism. - Winston Red (2.33 ct Fancy red)
A rare old‑mine‑cut Fancy red stone, of which only about 0.04% of fancy colour diamonds attain such a grade. As the only Fancy red diamond on public display, it is a key reference for dealers and collectors benchmarking the value of red‑dominant fancy colours. - Taylor‑Burton Diamond
A 68‑carat pear‑shaped D‑colour stone cut from a 240‑carat rough from South Africa’s Premier‑type deposit, later made famous by Richard Burton and Elizabeth Taylor. Its celebrity‑driven glamour elevated high‑colour‑clarity white diamonds into pop‑culture icons, reinforcing the “diamond as romance” narrative that still dominates bridal jewellery advertising. - Motswedi Diamond (2,488.32 ct rough)
Recovered in Botswana in 2024, this is the second‑largest gem‑quality diamond ever discovered and a high‑purity Type IIa crystal. Its size and purity allow scientists to study how carbon crystallises under extreme pressures deep in the Earth, making it a research‑grade specimen as well as a commercial headline‑maker. - Several stones—Hope, Dresden Green, Taylor Burton, and Winston Red—carry strong narratives of royalty, curses, Hollywood romance, and extreme rarity.
- GIA’s highlighting of these gems on World Diamond Day is a strategic blend of education and soft branding:
- It positions diamonds as objects of history and art, not just commodities.
- It reminds buyers, retailers, and media that GIA sits at the centre of authenticating and contextualising these legendary stones.gia+1
Beyond these diamonds, GIA has documented historic and royal artefacts such as the Marie Thérèse Pink diamond and the Mughal era “Mughal Spectacles,” helping to codify their gemmological and provenance data. This work reinforces its positioning as both a research institute and a preserver of the cultural heritage layer of gemmology, bridging ancient craftsmanship with modern scientific verification.
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