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.

Published

1 year ago

January 29, 2025

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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

Christie’s To Present 5.5 cts “Ocean Dream” At Geneva Magnificent Jewels Sale, Expected To Achieve Up To USD 12.8 Million

Ocean Dream, The Largest Known Fancy Vivid Blue-Green Diamond In Existence, Classified As A Rare Type IIA STONE.

Published

19 hours ago

April 24, 2026

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Christie’s has announced the upcoming offering of the Ocean Dream, the largest known fancy vivid blue-green diamond in existence, at its prestigious Magnificent Jewels auction in Geneva in May 2026. The extraordinary gemstone is expected to achieve up to CHF 10 million (approximately USD 12.8 million).

Weighing 5.50 carats, the triangular-cut diamond is graded fancy vivid blue-green, SI1 clarity, and classified as a rare Type IIa stone. The gem is set in a ring featuring an intricate mount adorned with sculpted rock crystal, alongside round and pink diamonds, underscoring its exceptional craftsmanship and design.

Certified by the Gemological Institute of America, the Ocean Dream holds the distinction of being the largest vivid blue-green diamond ever graded by the institute. The polished gem originated from an 11.70-carat rough discovered in Central Africa, further enhancing its provenance and rarity.

This marks only the second time the Ocean Dream has been presented at auction. It was previously sold by Christie’s in Geneva in May 2014, achieving CHF 7.8 million (approximately USD 8.7 million at the time), and has since remained in a single private collection for over a decade.

The diamond’s legacy is further enriched by its inclusion in the renowned “Splendor of Diamonds” exhibition at the Smithsonian Institution National Museum of Natural History in 2003, where it was recognized as one of the world’s most exceptional diamonds.