Capacity Boost: Indian Company Buys 1,100 Lab Grown Machines
August 05, 25
(IDEX Online) - Greenlab, recognized as India's largest lab-grown diamond producer, is set for a huge increase in capacity, after buying more than 1,100 new growing machines.
The company already has 1,600 machines, producing 2.9m carats of rough diamonds a year.
It has reportedly bought 105 high-tech growers from the Israeli firm Isrough and 1,000 more from India-based Bhanderi Lab Grown.
It said it chose Isrough's machines for their ability to produce top-quality diamonds: D and E colors, with much of their output in the VVS clarity range.
Greenlab sells its polished diamonds through its US subsidiary, Labon, and has a distribution partnership with Florida-based Green Rocks.
India is the world's second-largest lab-grown diamond producer with a 15 per cent market share, but trails a long way behind China, which produces about half of the world's lab-grown diamonds.
Pic courtesy Greenlab of diamond growing machines.