DiamondBuzz
World’s First Lab-Grown Diamond In Space – COSMOS x Skyroot – Taking Indian LuxuryBeyond Earth
In a first-of-its-kind collaboration, Cosmos Diamonds has partnered with Skyroot Aerospace to send India’s first lab-grown diamond jewel into space. At the heart of the mission is the Cosmos Bloom Diamond, a lotus-inspired creation handcrafted in 18 kt gold and adorned with 16 carats of lab-grown diamonds, all grown and crafted in India. Valued at Rs 11 lakh that brings together Indian craftsmanship, innovation, and heritage.
To celebrate the milestone, Cosmos has unveiled The Cosmic Bloom Collection, a limited-edition series, inspired by the space bound jewel. The brand has also applied to Asia Records to be recognized as the first diamond jewellery brand from India to send a diamond jewel into space.
Blending fashion, technology, and storytelling, the collaboration marks a defining moment for modern Indian luxury where jewellery is no longer just worn, but becomes part of history.
Stores: Bangalore, KA & Vijayawada, AP
DiamondBuzz
Alrosa Reports $130mn H1 Loss Amid Diamond Market Headwinds
The Company Cited Geopolitical and Macroeconomic Uncertainty, Western Sanctions, Shifting Jewellery Demand, Higher Gold Prices and Weaker Rough and Polished Diamond Sales As Key Challenges.
Russia’s state-controlled diamond miner Alrosa reported a 10.67 billion-ruble ($129.7 million) net loss in H1 2026, reversing a 39.03 billion-ruble profit a year earlier. Revenue plunged 36% to 74.16 billion rubles ($901.6 million), while gross profit fell to 4.62 billion rubles.
The company cited geopolitical and macroeconomic uncertainty, Western sanctions, shifting jewellery demand, higher gold prices and weaker rough and polished diamond sales as key challenges. Its operating loss widened to 5 billion rubles, while the pre-tax loss reached 14.08 billion rubles.
Adding to the pressure, Russia’s 8% export duty on unprocessed rough diamonds above 0.45 carats, postponed to March 2027, is expected to cut Alrosa’s profit by around 3.12 billion rubles ($37.9 million), further clouding the miner’s outlook.
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World’s First Lab-Grown Diamond In Space – COSMOS x Skyroot – Taking Indian LuxuryBeyond Earth
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World’s First Lab-Grown Diamond In Space – COSMOS x Skyroot – Taking Indian LuxuryBeyond Earth
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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.