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Ashok Sonthalia, Titan's CFO, shared insights on the potential impact of the lab-grown diamond segment on the company's business and Titan's strategy concerning this emerging market. He noted that while the lab-grown diamond market has gained significant traction in America, particularly in the bridal ring segment, its growth in the European market has been less pronounced. In India, some new brands have entered the lab-grown diamond segment, leading to a rapid decline in prices. However, despite the price decrease, consumer acceptance of lab-grown diamonds remains relatively low. Sonthalia emphasized that Titan's business has yet to feel any significant impact from the lab-grown diamond segment but acknowledged the importance of closely monitoring this development as lab-grown diamonds emerge as a segment within the jewellery industry. Watch: https://lnkd.in/gt4J_KNQ | #ashoksonthalia #labgrowndiamond #diamonds #titanq4results #businessnews

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