The 2030 Consumer | EP. 2: Uncut Gems - The Lab-Grown Diamonds Opportunity ft. Rahul & Varun

💎 What happens when one of the most emotional, high-aspiration purchases becomes scientifically scalable?

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Lab-grown diamonds (LGDs) are no longer a fringe experiment. With gross margins of 50–60%, surging production (from 1.5M to over 6M carats in two years), and rising consumer acceptance (especially in India), this category is quietly rewriting the jewelry playbook.

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In the latest episode of The 2030 Consumer, Rahul Chowdhri sits down with Varun Agarwal to unpack:

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- Why consumers are choosing LGDs, and what it means for traditional jewelry

- The unit economics and brand building potential in this emerging space

- And whether India can build a global LGD brand in the next decade

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in this conversation, we cover

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00:00 Coming up

00:53 Context

01:55 Why people buy jewelry

03:00 What is the main value proposition?

04:20 Emerging market segments

04:49 Profitability of jewelry segment

06:10 LGD manufacturing process

07:55 Cost structure of diamonds

08:42 2030 market predictions

11:37 Incumbents vs. new players

14:20 GTM strategy

16:53 Store economics

18:20 Global brand potential

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For those building in aspiration, luxury, or modern retail, this episode is for you!

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Find us on Spotify: https://open.spotify.com/show/4jNJx4BXrnX4HLYXckokkI?si=1f953a12d542412b

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