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Indian diamond industry shifts towards lab-grown diamonds.


Lab-grown diamonds (LGDs) are becoming increasingly popular, thanks to their price point and the growing concerns about the environmental impact of mining natural diamonds. In India, the country that produces 90% of the world's polished diamonds, there has been a recent shift in the industry towards lab-grown diamonds. Chintan Suhagiya, a diamond inspector who has worked in the industry for seven years, has had to adapt his skills to accommodate the surge in popularity of LGDs. He notes that it can be difficult for even experts to differentiate between natural and lab-grown diamonds, and that they are so similar that there have been instances where even lab tests have failed to confirm the origins of a diamond. In January, the Indian government abolished a 5% tax on imported diamond seeds to encourage production of lab-grown diamonds. At present, India produces three million lab-grown diamonds a year, and the government is hoping to further grow the industry, while also supporting traditional diamond production.





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