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Reference

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Supporting source

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LGD wholesale as share of comparable natural (2026)

25-40%

As of2026·Sources4·Supporting

LGD wholesale prices run 25-40 percent of comparable-grade natural in 2026 (down from 65-80 percent in 2022), with the gap widening. CVD rough USD 80-180 per carat vs natural USD 400-1100 per carat for equivalent 4Cs.

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Figure in context

LGD wholesale prices run 25-40 percent of comparable-grade natural in 2026 (down from 65-80 percent in 2022), with the gap widening. CVD rough USD 80-180 per carat vs natural USD 400-1100 per carat for equivalent 4Cs.

LGD wholesale prices run 25-40 percent of comparable-grade natural in 2026 (down from 65-80 percent in 2022), with the gap widening. CVD rough USD 80-180 per carat vs natural USD 400-1100 per carat for equivalent 4Cs.

Time scope

2026

Source basis

Supporting source

Interpretation notes

What this tells you

LGD wholesale prices run 25-40 percent of comparable-grade natural in 2026 (down from 65-80 percent in 2022), with the gap widening. CVD rough USD 80-180 per carat vs natural USD 400-1100 per carat for equivalent 4Cs.

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

FY2024
41% of members

TGJTA cutter LGD adoption share (2024)

TGJTA Annual Report 2024 member survey

FY2027 modelled
~9-11M carats

Indian CVD rough capacity (2027 modelled)

Greenlab investor disclosure, Bhanderi capacity guidance, India GJEPC

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).

LGD wholesale as share of comparable natural (2026) · Insight