DiamondBuzz
India’s Natural Diamonds Exports Lead In Value As Polished LGD Exports Overtake In Volume
Natural Diamonds Continued To Dominate In Overall Export Value Due To Their Substantially Higher Price Realization Per Carat.
India’s export volume of polished lab growns has overtaken that of natural diamonds for the first time.India’s diamond export industry has crossed a historic threshold, with the volume of polished lab-grown diamonds surpassing natural diamonds for the first time. However, a massive pricing disparity ensures that mined gems still command the financial throne.
According to newly released data from the GJEPC for the fiscal year ending March 2026, lab-grown exports surged by nearly 31% to reach 18.84 million carats. Conversely, natural diamond exports contracted by roughly 4%, slipping to 16.00 million carats.
During the fiscal period, natural diamonds accounted for an export volume of 16.00 million carats, with an average price of $760 per carat, generating total fiscal revenue of $12.16 billion. In comparison, lab-grown diamonds recorded a higher export volume of 18.84 million carats; however, with an average price of only $60 per carat, they generated significantly lower total fiscal revenue of US$1.13 billion. While lab-grown diamonds surpassed natural diamonds in volume terms, natural diamonds continued to dominate in overall export value due to their substantially higher price realization per carat.
Despite the revenue gap, the volume flip highlights an astronomical growth trajectory; a decade ago, in fiscal 2015-16, India exported a mere 10,000 carats of lab-grown diamonds. Early data for April 2026 indicates this trend is locking in, with lab-grown volumes edging past naturals at 1.36 million carats to 1.34 million carats, respectively.
DiamondBuzz
Mikey Madison Champions Self-Love In Tiffany & Co.’s Playful New Diamond Campaign
Oscar-Winning Actress Gives The Iconic Sixteen Stone Ring A Fresh, Empowering Meaning
Tiffany & Co. has unveiled its latest Love & Celebration campaign, starring Academy Award-winning actress Mikey Madison, who brings charm, wit and confidence to a refreshing take on modern love, self-expression and luxury jewellery.
In the campaign film, Madison appears in a classic black dress, seated at a vanity as soft music plays in the background. Opening the signature Tiffany Blue Box, she slips on the iconic Sixteen Stone solitaire diamond ring, originally created by legendary designer Jean Schlumberger in 1959.
What follows is a playful twist on the familiar “loves me, loves me not” ritual. As Madison moves the ring from one finger to another, she alternates between the two phrases while admiring herself in the mirror. The moment culminates with her placing the ring on her middle finger, switching off the music and confidently declaring, “I love me.” She closes the Tiffany box and walks away, leaving behind a powerful message of self-love, confidence and independence.
The campaign has resonated strongly with audiences, with many praising Madison’s effortless performance and the brand’s contemporary storytelling. Social media users described her as the perfect face for Tiffany’s evolving image, while others applauded the introduction of the Sixteen Stone solitaire as a meaningful everyday statement piece.
Madison, who won the 2025 Academy Award for her performance in Anora and became a Tiffany & Co. ambassador the same year, previously fronted the brand’s HardWear campaign.
Through Love & Celebration, Tiffany & Co. expands its traditional narrative around love beyond romance. The maison positions fine jewellery as a celebration of personal milestones, family bonds, friendships and, most importantly, self-appreciation. The campaign reflects the belief that love is personal, inclusive and defined by the wearer.
Alongside the film, Tiffany has also released a series of digital videos showcasing the brand’s diamond expertise, artisanal craftsmanship and nearly two centuries of heritage. The campaign further highlights the versatility of the Sixteen Stone collection—once designed as a wedding band and now reimagined as a striking solitaire ring suited for everyday wear.
With Mikey Madison’s confident portrayal, Tiffany & Co. delivers a modern message: the most meaningful diamond purchase can be the one made for yourself.
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