Among the many just photo-ops during Prime Minister Narendra Modi’s three-day state visit to the United States, perhaps the most sparkling was the PM gifting US First Lady Jill Biden an eco-friendly lab-grown 7.5-carat diamond produced by a lab based in Surat, Gujarat.
Promoting India’s manufacturing of lab-grown diamonds (LGD), the diamond is eco-friendly as resources like solar and wind power were used in its making. The green diamond is sculpted with precision and care using cutting-edge technology, emitting only 0.028 grams of carbon per carat, and is certified by the Gemological Lab, International Gemological Institute.
In this year’s Union Budget, the government announced elimination of 5% customs duty on seeds used to manufacture rough lab-grown diamonds. It also approved a five-year research grant to the Indian Institutes of Technology, Madras, to encourage indigenous production of LGD machinery, seeds and recipes. An India centre for lab-grown diamonds (InCent-LGD) is also proposed at IIT Madras with an estimated cost of ₹242.96 crore over five years.
Diese Geschichte stammt aus der June 25, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der June 25, 2023-Ausgabe von Financial Express Mumbai.
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