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
Alrosa Reports Highest Customer Interest in Rough Diamonds in Eight Years
Since The Beginning Of 2026, Prices For Approximately 80% Of The Company’s Production By Value In The 2- To 10-Carat Category Have Increased By 6% To 9%.
Russian diamond mining company Alrosa has reported its strongest level of customer engagement in rough diamonds in the past eight years, with the number of product viewings conducted in May 2026 more than doubling compared with the corresponding period last year.
According to the company, client screenings of rough diamond assortments reached a record high, surpassing even the pre-pandemic levels recorded in 2019. Demand was particularly robust for large diamonds weighing 10.8 carats and above, as well as rare fancy-coloured diamonds, reflecting heightened interest in premium and investment-oriented categories.
Alrosa noted that the trend underscores strengthening demand in the higher-value segment of the market. Since the beginning of 2026, prices for approximately 80% of the company’s production by value in the 2- to 10-carat category have increased by 6% to 9%. These rough diamonds are widely used in the manufacture of investment-grade polished stones.
Alrosa markets a significant share of its rough diamond production through competitive sales mechanisms, including auctions, tenders and electronic sales platforms. The company also facilitates spot sales through one-time transactions, providing buyers with flexible procurement options.
Product screenings are organised through Alrosa’s Unified Sales Organisation, which is responsible for the sorting, valuation and pre-sale preparation of Russian rough diamonds before they are offered to the market.
The latest data points to improving sentiment within select segments of the global rough diamond industry, particularly for large and rare stones, as constrained supply conditions and renewed interest from manufacturers and investors continue to support demand.
-
GlamBuzz17 hours agoPreity Zinta Enters Luxury Jewellery Market With Launch Of Jacarti Jewellery
-
National News17 hours agoJewellery Manufacturers Seek Tax Relief As Rising Gold Prices Inflate Inventory Valuations
-
GlamBuzz16 hours agoPrit Kamani Unveils Three New Jriti Riwaaz Collections At SSI 2026 Mumbai
-
National News19 hours agoPM Narendra Modi Becomes India’s Longest-Serving Prime Minister, Marks 4,399 Consecutive Days In Office
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.