Jewellers advise public to insist on invoice during diamonds

Concerned over alleged sale of synthetic diamonds under the guise of real diamonds, jewellers here have cautioned people against purchasing the precious stones without invoice so as to avoid duplication.

According to some traders, there has been a rise in the usage of synthetic diamonds in the market as they are cheaper and look similar to an original diamond.

"Today, synthetic diamond costs about 25-30 per cent less than original diamond. In developed markets, people sell it as a synthetic diamond. But, here it is used to replace the original diamond itself," NAC Jewellers, Managing Director, N Anantha Padmanaban told PTI.

Elaborating, he said, "in overseas markets, jewellers declare it as synthetic diamond. Also, synthetic diamond in itself is a separate market there. But, here they sell it for the price of an original diamond."