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Millennials and lab grown diamonds

The purchaser of a lab-grown diamond does not sacrifice the diamond’s quality or appearance in exchange for a more environmentally friendly product at a lower cost. Nothing is a better deal than that…writes Surya Jain

The dazzling rise of lab-grown diamonds is certain to entice millennials to abandon conventionally mined diamonds. The big question here is why the shift occurred. What’s the big deal? There is a lot of uncertainty surrounding the authenticity of a lab-grown diamond in terms of its origin and development. Lab-grown diamonds are created in a lab using cutting-edge technology by replicating the same technology as a mined diamond, and then your stunning lab-grown diamond is created.

The technological advances that have led to the creation of lab-grown diamonds have been spectacular in recent years. This has allowed lab-grown diamond entities to produce high-quality diamonds at a low cost. For a variety of environmental and humanitarian reasons, lab-grown diamonds are rapidly gaining popularity among millennials and Gen-Z. According to recent research, 70 percent of millennial-aged consumers prefer lab-grown diamonds for ceremonies and celebrations. Millennials are seen making deliberate efforts to support brands that stand for a cause and are morally just.

Lab-grown diamonds are not synthetic or artificial, but rather as genuine and pure as natural diamonds. CVD diamonds are available in an exquisite range of colours and designs, making them an illustrious and enticing choice. So, can we safely twist the adage, “A lab-grown diamond is a woman’s best friend?” The younger generation wishes to free itself from the shackles of misery associated with the sourcing and mining of traditional diamonds. It is not a secret that the world’s largest corporations engage in practises that exploit communities, workers, and children. The paradox is that diamond miners, who extract the most precious stone from the earth’s shackles, are among the poorest people on the planet.

Isn’t that reason enough to source your diamonds from a cruelty-free and sustainable source? Because lab-grown diamonds are created in a controlled environment, they have higher purity and quality and fewer defects. Lab-grown diamonds are environmentally friendly, pure, and inexpensive, and most retailers offer a lifetime buyback and exchange policy. The beauty of the younger generation is that they are interested in the journey and process of what they consume. The growing demand for lab-grown diamonds is also due to the fact that acquiring lab-grown diamonds is free of human rights violations. When compared to their counterparts, lab-grown diamonds are more affordable and cost-effective.

Lab-grown coloured diamonds can be purchased for a fraction of the price of a naturally coloured diamond, and what’s more, they appear brighter. Many celebrities are flaunting and promoting synthetic diamonds, which will undoubtedly fuel the trend of lab-grown diamonds among millennials. A lab-grown diamond is aesthetically produced in a variety of shapes, assortments, and colours, which adds to the precious stone’s elegance and aura.

Making environmentally conscious decisions was not popular a few years ago, but it’s endearing that Gen Z has pioneered by consciously making sustainable choices. As a result, it is not surprising that the diamond industry is rapidly evolving and that the demand for diamonds may undergo significant changes. Almost all retailers now sell lab-grown diamonds, and many high-end brands will do so soon. Natural diamond prices have risen due to a lack of supply, high promotion and maintenance costs, and an increase in gold prices, prompting consumers to seek out eco-friendly and fashionable jewellery.

Lab-grown diamonds fit the bill because they are extremely affordable gemstones with exquisite and stylish collections. Large conglomerates such as Pandora, Signet Jewels, Titan Company, and DeBeers have already entered this market. It’s also encouraging to see startups like Opulent succeeding solely in the lab-grown segment and carving out a niche with their stylish and bespoke designs. Future consumption of lab-grown diamonds has increased by 55-60% over last year’s sales and will continue to rise. Furthermore, the coloured lab-grown market is expected to expand at a CAGR of 10.2 percent.

The purchaser of a lab-grown diamond does not sacrifice the diamond’s quality or appearance in exchange for a more environmentally friendly product at a lower cost. Nothing is a better deal than that. According to a recent Forbes study, consumer awareness of environmental and social responsibility has resulted in a significant decline in demand for natural diamonds. The shift in mindset is most noticeable among millennials and Gen-Z consumers, who have aided the growth of the lab-grown industry.

This new-age diamond’s low price, transparency, sustainability, affordability, and appearance will all play a significant role in its increased demand. From April 2021 to January 2022, India saw an increase in lab-grown diamond exports, exporting $1.05 billion in polished lab-grown diamonds. People do not buy diamonds for their monetary value, but rather for emotional reasons. Diamonds are appropriate for any occasion, and the emotional value of purchasing a diamond should not be underestimated. The motivation for purchasing a diamond reflects the beauty and promises timeless bounds, and when emotions are involved, little else matters.

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Woman finds diamond worth Rs 10 lakh in MP mine

The woman deposited the precious stone in the diamond office on Tuesday, the official said…reports Asian Lite News

A woman from a village in Madhya Pradesh’s Panna district has found a 2.08-carat diamond in a shallow mine, officials said today.

The stone is of good quality and may fetch up to Rs10 lakh in auction, they said.

The woman’s husband, who is a farmer, said they want to buy a house in Panna city if they get a good price from the auction of the diamond.

Chameli Bai, a housewife, recently found the 2.08 carat diamond in a mine which she had taken on lease in Krishna Kalyanpur Pati area of the district, said Anupam Singh, an official from Panna’s diamond office.

The woman deposited the precious stone in the diamond office on Tuesday, the official said.

The diamond will be put up for sale in an upcoming auction and the price will be fixed as per the government guidelines, he said.

The proceeds would be given to the woman after the deduction of government royalty and taxes, officials said.

The woman’s husband, Arvind Singh, said they had decided to try their luck in diamond mining and leased a small mine in Krishna Kalyanpur Pati area in March this year.

He said they now plan to buy a house in Panna city with the money from the diamond auction.

Panna district is estimated to have diamond reserves of 12 lakh carats.

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Lal Ded: Rare diamond of Kashmir’s civilisational ethos

Indeed, Lal’s vaakhs enable one on an individual journey through the woes of the human condition, disillusionment with the world, an anguished search for God, and, ultimately, to the realisation of the highest liberating truth.

 In the fourteenth century, a woman writing in any language was a rarity, but it happened in Kashmir. A voice which resonated in the valley and spoke directly to the people, was heard with all seriousness, and recorded in collective memory and later penned down as ‘Vakhs’ – meaning ‘Speech’. This is the voice of the mystic of the Kashmir Shaivism school of Hindu philosophy – Lal Ded, whom the Kashmiris, Muslims and Hindus alike venerate to this day as a prophetess, their North Star.

The fact that Lal Ded was a rare diamond – both as a saint and as a poet – is an undisputable argument acknowledged by all Kashmiris. It is evident through the vaakhs, which she uttered as direct outpourings from her heart rather than intentionally shaped poetic compositions, that Lal Ded is the most powerful symbol of Kashmir’s civilisational ethos.

There was no polarisation between Kashmiri Hindus and Muslims in her time; the vaakhs made a remarkableimpact on the collective psyche of the two communities. She was called ‘Lalleshwari’ by one community while ‘Lalla Arifa’ by the other, showing that both recognised her spiritual attainment in accordance with their religious perceptions.

Lal’s vaakhs suggest she belongs to the Trika school of Kashmiri Shaiva mysticism or devotional Shivadvaita, which originated no later than the eighth century CE. Shiva-Shakti worship in Kashmir dates to at least the second century CE. This school, that came to be known as Pratyabhijna (Recognition) or Trika (triad of Shiva, Shakti and Nara), was represented in the works of great scholar-siddhas like Bhatta Narayana (eighth century), Utpaladeva (ninth century), Abhinavagupta (tenth to eleventh centuries) and Shitikantha (thirteenth century).

Before the advent of Islam in the medieval period, Kashmir was known as the Land of Parvati or Rishi Bhumi; and later was called Peer Vaer, an abode of Saints and Sufis. The Valley has offered fertile ground for the emergence of various Hindu (primarily Shaivites Saints) and Sufi Saints, who collectively knitted a culture called Kashmiriyat.

A fusion between Islam and Vedanta (Kashmir Shaivism in the Valley) gave rise to Sufism. The Sufi saints came to be known as Rishis. The most famous of them is Sheikh Nur-ud-Din, the founder of the Rishi Order, the Alamdar-e-Kashmir, is lovingly known as Nunda Rishi. Unfortunately his famous shrine at Char-e-Sharif was burnt down by the Pakistan-sponsored Islamist Mast Gul during the holy month of Ramadan in 1995. Nunda Rishi was largely influenced by Lalleshwari, his senior contemporary.

Many Kashmiri Hindus and Muslims became Nunda Rishi’s disciples. They renounced the world, dedicated themselves completely to meditation. On their death, these Rishis were buried in their Ziyarats. Kashmiris have great reverence for these Ziyarats and lovingly go there to place flowers on the graves. Due to their universal appeal, these shrines gained popularity aspilgrimage for both Muslims and Pandits, helping propagate a humanistic philosophy to build the Kashmiri ethnic identity.

The Hindu shrines and Muslim ‘Asthans’ faced each other, and both communities visited the living Saints alike. Saint-worship was very common until the year 1989 – that marked the beginning of a new face of religion, fundamentalist in nature and based on hatred. Nobody could have imagined that the soil blessed with Rishis spreading the messages of spirituality and universal oneness would be one day soaked in the blood of its own, and one’s own siblings would be forced to leave their ancestral land, all in the name of religion.

Other important seers of the valley are Rupa Bhawani (1625-1721) who regarded Lal Ded as her guru, Parmanand (1791-1879), and Shams Faqir (1843-1914). Faqir extended a tribute to Lal Ded in his poems.

For the Shaivite Kashmiri Pandit woman, he uses conspicuous Kashmiri words of Sanskrit origin, such as ‘Praan’ (vital air), ‘Jnaan’ (knowledge), ‘Aakaash’ (ether), and ‘Karmavaan’ (meaning life’s workshop).

Lal Ded’s philosophy rejects the otherness of God and understands the world as an extension of one’s own inner consciousness, and that is why she appeals to masses of all shades of religious thought. She questions dogmatic thought of today’s world with vaakhs displaying her inclusivity where she not only break barriers between religions by shining the sun upon everyone without distinction, but uses the Islamic title of ‘Saheb’ to the apparent Shaivite reference to Shiva. The verses reveal, in their own syncretic idiom, the religious, mystic, and linguistic blend they support. She has indeed established a tradition of harmony and tolerance – a priceless heritage.

But who will carry her message to the world today? Time will soon come, when the people of Kashmir, fed up by extremism and narrow fundamentalism, will rekindle this inter-religious faith that Lal Ded started and Nunda Rishi and others carried forward. Such a movement is shaping up once again which will help overcome the parochial minds and open up floodgates of harmony and love in Kashmir.

Pic credits Wikipedia

Indeed, Lal’s vaakhs enable one on an individual journey through the woes of the human condition, disillusionment with the world, an anguished search for God, and, ultimately, to the realisation of the highest liberating truth. They take the reader on a journey from the superficial outer world to the inner world.

It is worth mentioning, that Lal Ded did not found any movement or order of followers; she came and went unaccompanied, a wanderer – her message meant for the redemption, upholding the highest human values. In line with her school of thought perhaps lies the solution for rebuilding the society having mutual respect and trust that went missing during the last three decades. It is equally reassuring to find that some organisations in the Valley have started conducting seminars and conferences on Sufism reminding the masses at large,particularly the youth, of their glorious past.

And this is why Kashmir is indeed a Peer Vaer – above the insignificant matters and bondage of society and focused on upholding of human values manifested by synthesis of Lal Ded and Nunda Rishi.

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