Jewelry Industry

Finding Jobs in Lab Grown Diamond Industry in 2022

The Mintly Team

The Mintly Team

May 27, 2022
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The lab grown diamonds industry is expected to account for 10 per cent of the Global Diamond Market share by 2030. As we all know jobs follow expansion. Hence a lot of lucrative career opportunities and job vacancies can be expected to crop up in the field of Lab grown diamonds.

Transformation from Mined to Lab Grown Diamonds

Let’s begin by understanding the roots first.

Diamonds have captivated our imagination since they first showed up in our world.

Their sparkle, their unique properties, their beauty and appeal.

All these factors made them truly irresistible. They became a symbol of success, in every walk of life.

From Business to personal relationships, anything studded with diamonds immediately grabbed our attention.

But mined diamonds always remained out of reach for most of the population. As they were extremely expensive.

Hence there was a big gap to be filled. Finally, this aspiration led mankind to a great invention as a diamond exchange. We now know of this invention as LAB GROWN DIAMONDS.

As per resources, GE created the first batch of lab grown diamonds back in 1954. Of course, the quality has improved many folds with multiple innovations that have been underway. The 1970s onwards gem-quality lab grown diamonds became more accessible.

India’s lab grown diamond market is estimated to cross 1.5 million carats. We account for a quarter of estimated Lab grown Diamond output. Hence the future looks shiny.

Caydia Lab Grown Diamonds | Charles & Colvard

Advantages of Lab Grown Diamonds

One can see a positive shift towards lab grown diamonds among young buyers.

Apart from its cost-effectiveness, experts also consider its environment friendliness as a major factor. There are many advantages and uses of Lab grown diamonds.

Environment

Lab grown diamonds as the name suggests do not need to be dugout. The level of digging required in the case of mined diamonds creates deep ditches in the earth’s surface.

Cost-effective

By default, it is much easier to set up a lab than to hunt for a natural Diamond mine in some part of the world. Hence the prices at which the Lab grown diamonds can be made available is very reasonable as compared to the mined diamond price.

Transformation of Technology

Apart from jewellery Lab-grown diamonds are also seen as a game-changer in computing. Experiments are being done to substitute silicon for diamonds as they are much more superior semiconductors.

Medical Use

Lab Grown Diamonds are being used even to revolutionize the medical field. With their various usages, being sharp durable and naturally anti-biotic. They are also used in orthopedic replacement – in the knee and hips.

Lab Grown Diamond Brands

India being a major contributor in the world lab grown Diamond market, we have several well established high-quality brands working in the area that one can aspire to work for. Knowing the potential brands would be an important step in the process of seeking a job with them.

Here are some examples.

Bhanderi Lab grown Diamonds

An emerging name in the CVD diamond industry. Based in Surat, Gujarat. Bhanderi Lab Grown Diamonds  was established in 2013 with a vision to take CVD diamonds to every household, nationally and internationally.

Bhanderi lab grown diamonds make a promise to create every diamond with great fervour and fidelity that enables their buyers on a journey to eternity.

ABD diamonds

A leading Lab Grown Diamond manufacturer based in India. They started business in 2018. They have to their credit the niche of being the Best Synthetic Diamond Manufacturer.

ABD diamonds is situated in Ahmedabad with operations running worldwide.

Fiona Diamonds

Along with manufacturing some exquisite pieces, Fiona Diamonds also offers a Lifetime Exchange policy. You can find a beautiful collection of finished Jewellery products like

diamond bangles and diamond earrings made using lab grown diamonds.

Krystal Grown diamonds

Based out of Surat, Krystal has been in the business of lab grown diamonds for 20 years. With this experience comes insight, that helps Krystal Grown Diamonds deliver the best consumer experience in lab grown diamonds.

Skylab Diamond

Operational since 2015. Skylab is a vision realised by two brothers who come from the legacy of the Diamond business. Carrying it forward, Skylab Diamond provide utmost transparency for the buyer, with direct access to certificates and videos.

Hiraco Diamonds

A Mumbai based global brand. Hiraco as a brand has experienced success in various sectors of businesses. Real estate to Renewable energy. They have an exclusive focus now on the lab grown diamonds sector. They are well on their way to being a key player.

Research is a two-way streak, did you know that companies research employees too? Here’s how.

Qualification

To be in this field you must have the following knowledge.

In-depth understanding of The Four Cs – Cut, Color, Clarity, Carat.

Diamond Cut Shapes – Round brilliant, Princess, Emerald, Cushion, Asscher, Pear-shaped, Oval, Heart-shaped, Radiant, Marquise, Baguette and Trillion.

Diamond Certificates – Such as IGI- International Gemological Institute or GIA – Gemological Institute of America.

IGI  also offers various courses in Polished diamonds, rough diamonds, from Jewelry designing to the Retail support program.

Types of Jobs In lab grown diamond industry

As part of recognising which role would be a good fit for yourself. One can run through the various roles that exist and figure out which one would be most aligned to your strengths.

Lab related work

One of the most prominent job roles in the lab-grown diamond industry is that of a laboratory technician. These technicians are responsible for the production and quality control of lab-grown diamonds. They work in specialized laboratories, using advanced technology and processes to create diamonds that are chemically and physically identical to natural diamonds. A strong background in science and technology is typically required for this role, as well as a keen eye for detail and a passion for innovation.

Inventory Manager

The Inventory Manager plays a crucial role in the Lab Grown Diamond industry. With the growing demand for sustainable and ethical alternatives to natural diamonds, lab-grown diamonds have gained popularity. As an Inventory Manager, their primary responsibility is to oversee and manage the inventory of lab-grown diamonds throughout the supply chain.

One key aspect of the Inventory Manager’s role is to ensure accurate tracking and recording of inventory levels. They must maintain a comprehensive database that includes information such as diamond characteristics, quality grades, sizes, and quantities. This information helps in effective inventory management, enabling timely order fulfillment and preventing stockouts.

Additionally, the Inventory Manager collaborates with other departments including production, sales, and procurement to forecast demand and plan inventory levels accordingly. They analyze market trends, customer preferences, and sales data to optimize inventory levels and minimize carrying costs.

Furthermore, the Inventory Manager implements inventory control measures to prevent theft, loss, or damage to lab-grown diamonds. They establish standard operating procedures for inventory handling, implement barcode or RFID tracking systems, and conduct regular audits to ensure accuracy and compliance.

Supply chain

Movement from the place of manufacturing to the place of distribution. Professionals in this field ensure that the diamonds are sourced responsibly, transported efficiently, and distributed to retailers and customers in a timely manner. They work closely with suppliers, logistics providers, and retailers to ensure a smooth flow of diamonds throughout the supply chain.

Jewellery Designer

The role of a jewellery designer in the lab-grown diamond industry is to combine their artistic skills with an understanding of the properties and characteristics of lab-grown diamonds. They work closely with clients to understand their preferences and requirements, and then use their expertise to design and create customized jewellery pieces that showcase the beauty and brilliance of lab-grown diamonds.

Lab-grown diamonds offer a wide range of design possibilities, as they come in various shapes, sizes, and colors. A skilled jewellery designer in this industry has the ability to transform these diamonds into stunning and unique pieces of art. They may incorporate lab-grown diamonds into engagement rings, necklaces, earrings, bracelets, and other accessories, using innovative techniques and craftsmanship.

In addition to designing jewellery, a jewellery designer in the lab-grown diamond industry may also be involved in sourcing and selecting high-quality lab-grown diamonds, ensuring that only the finest stones are used in their creations. They stay updated with the latest trends and techniques in jewellery design, constantly pushing the boundaries of creativity and innovation.

Sales

Depending on whether you choose to work with a manufacturer versus a retail outlet the role may vary. Generating orders from the market versus attending direct customers at the counter. As the popularity of lab-grown diamonds continues to grow, jewelry companies are expanding their offerings to include these sustainable alternatives.

Sales representatives play a crucial role in educating customers about the benefits of lab-grown diamonds and helping them make informed purchasing decisions. Excellent communication and customer service skills are essential for success in this role.

Research and Development

As technology advances, companies are constantly striving to improve their production processes and create even better-quality diamonds. Researchers and developers play a pivotal role in these advancements, working to optimize growth conditions, develop new techniques, and enhance the overall efficiency of diamond production.

Furthermore, the lab-grown diamond industry has also created a demand for professionals in marketing and branding. Companies need skilled marketers to promote their lab-grown diamond products and differentiate themselves from traditional diamond retailers. These professionals develop marketing strategies, create compelling content, and engage with customers through various channels such as social media, online advertising, and events.

Conclusion

The job market in the lab-grown diamond industry showed promising growth in 2022. With increasing demand for ethical and sustainable alternatives, opportunities in research and development, production, sales, and marketing have emerged. Job seekers with expertise in materials science, engineering, gemology, and marketing can expect a bright future in this innovative and evolving industry.

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