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Reference

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Supporting source

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Indian CVD rough capacity (2027 modelled)

~9-11M carats

As ofFY2027 modelled·Sources3·Supporting

Combined CVD rough capacity across Greenlab, Bhanderi Lab Grown, Pluczenik and the next-tier Surat growers expanding to 9-11M carats by 2027, roughly tripling 2024 output. Thai polished-set cutters are major polishing-tier buyers.

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Figure in context

Combined CVD rough capacity across Greenlab, Bhanderi Lab Grown, Pluczenik and the next-tier Surat growers expanding to 9-11M carats by 2027, roughly tripling 2024 output. Thai polished-set cutters are major polishing-tier buyers.

Combined CVD rough capacity across Greenlab, Bhanderi Lab Grown, Pluczenik and the next-tier Surat growers expanding to 9-11M carats by 2027, roughly tripling 2024 output. Thai polished-set cutters are major polishing-tier buyers.

Time scope

FY2027 modelled

Source basis

Supporting source

Interpretation notes

What this tells you

Combined CVD rough capacity across Greenlab, Bhanderi Lab Grown, Pluczenik and the next-tier Surat growers expanding to 9-11M carats by 2027, roughly tripling 2024 output. Thai polished-set cutters are major polishing-tier buyers.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
USD 8.4B

Thailand total gem and jewelry export (2024 baseline)

GIT Thailand Gem and Jewelry Industry Report 2024, DFT export statistics

FY2024
~USD 1.8B

Thailand diamond-set jewelry export (2024)

GIT industry report, DFT HS 7113 breakdown

FY2027 modelled
USD 1.2-2.3B

Thailand LGD-set jewelry export (2027 base case)

GIT, TGJTA member survey, SCB EIC outlook, operator disclosures

2023-2025
~minus 40%

Natural-diamond wholesale price decline (2023-2025)

Bain Global Diamond Industry 2025, De Beers sightholder data

2026
25-40%

LGD wholesale as share of comparable natural (2026)

Bain, IDEX Online price tracker, Greenlab Diamonds, Pluczenik price sheets

FY2024
41% of members

TGJTA cutter LGD adoption share (2024)

TGJTA Annual Report 2024 member survey

Report context

Thailand Lab-Grown Diamond Jewelry Export 2027 Market Intelligence

Thailand is the world's #2 polished-gem jewelry exporter after India, with USD 8.4B of total gem-and-jewelry exports in 2024 and roughly USD 1.8B of diamond-set jewelry. The 40 percent collapse of natural-diamond wholesale prices 2023-2025 is forcing Bangkok cutters, setters and SET-listed brand-owners (Pranda, Beauty Gems, Aurora, GMS, Cmc Group) to pivot to lab-grown diamonds sourced from Indian CVD growers (Greenlab, Bhanderi Lab Grown, Pluczenik). The 2027 thesis: Thai LGD-set jewelry export reaches USD 1.2-2.3B on the back of BOI Section 8 finishing incentives, GIT certification recognised by US, EU and Japan buyers, Pandora's 100 percent LGD strategy, Tiffany and LVMH experimental LGD lines, and Lazada, Shopee, TikTok direct-to-consumer channels.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Gem and Jewelry Institute of Thailand (GIT)

Thai state gemological institute; provides gem testing, grading certification, and industry education for the USD 12B Thai jewelry export sector.

Pranda Jewelry

SET-listed Thai jewellery manufacturer; OEM production base plus owned-brand portfolio (Prima Gold, Cai, JuliJ).

Indian CVD rough capacity (2027 modelled) · Insight