How to Start a Lab-Grown Diamond Business with Nivara

In this insightful episode of The Founder’s Dream podcast, Abhishek Vyas sits down with Vikas Kabra, founder of Nivara, a Hyderabad-based lab-grown diamond company. Vikas shares his story of building a sustainable and ethical diamond business in India. From the environmental cost of mined diamonds to the growing demand for lab-grown diamonds, this podcast provides valuable insights for anyone looking to start a business in the diamond industry.

Why Choose a Lab-Grown Diamond Business?

The rise of lab-grown diamonds is changing the diamond industry. Unlike traditional mined diamonds, these stones are created in a lab, which reduces their negative impact on the environment. The business opportunity in lab-grown diamond jewelry is huge, especially in markets like the US and UAE, where it has a large share of the market.

Understanding the Environmental Cost

Mined diamonds come with a big environmental price. It takes 2 lakh liters of water to get just 0.2 grams of diamond. Each diamond mined also creates 1.5 tonnes of pollution. On the other hand, lab-grown diamonds are a more eco-friendly option with much less impact on the environment.

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The Growing Demand for Lab-Grown Diamonds

As more people care about the environment and the ethics behind their purchases, lab-grown diamonds are becoming more popular. There is a rising demand for ethical jewelry, especially in cities like Hyderabad, where businesses like Nivara are leading the way in the lab-grown diamond industry.

How to Start Your Own Lab-Grown Diamond Business

Starting a diamond business in India, especially in the lab-grown sector, means understanding how to make the diamonds. It’s important to focus on quality, honesty, and being eco-friendly. As Vikas Kabra from Nivara points out, using solar energy, planting trees, and making sure your business is responsible are key to success.

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Diamond vs. Lab-Grown Diamonds

People often get confused about the difference between diamond vs lab-grown diamond. While both types of diamonds are the same in terms of how they look and their chemical makeup, lab-grown diamonds are cheaper and have a much smaller impact on the planet. Teaching your customers these differences can help build trust and boost sales in your diamond jewelry business.

Conclusion

In conclusion, lab-grown diamonds are not just a more eco-friendly option—they are also a good business opportunity. Entrepreneurs like Vikas Kabra of Nivara are showing that you can create high-quality diamonds with little harm to the environment. By starting your own lab-grown diamond business in India, you’re joining a growing industry and helping to create a better future. As Abhishek Vyas and Prince discuss in this episode, the future of diamonds is ethical.

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