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flag Lab-grown diamonds drive global certification market growth, expected to hit $1 billion by 2028.

flag The global diamond certification market, driven by lab-grown diamonds, is expected to reach $1 billion by 2028, up from $600 million now, according to Morgan Stanley. flag India leads in lab-grown diamond production and exports, holding a 29% market share. flag IGI, a major certification provider, is projected to see significant revenue growth, benefiting from the rising demand for lab-grown diamond certifications.

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