HomeBusinessDiamonds are fake, according to billionaire co-founder Nikhil Kamath of Zerodha

Diamonds are fake, according to billionaire co-founder Nikhil Kamath of Zerodha

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  • Nikhil Kamath, co-founder of Zerodha, tweeted on Thursday, “Without sugarcoating stuff, diamonds are a sham, don’t fall prey to well-thought-out marketing campaigns.”
  • According to study, Kamath continued, “Logic will finally catch up if a lab-grown diamond is indistinguishable to a jeweller and costs 1/10th.”
  • According to Kamath’s findings, diamonds are not uncommon like gold is.

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