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PM Modi gifts 7.5-Ct LGD to US First Lady Jill Biden

Prime Minister Narendra Modi visited the White House, where he was welcomed by US President Joe Biden and first lady Jill Biden.

At the occasion, PM Modi also exchanged special gifts with President Biden and first lady Jill Biden.

PM Modi gifted a lab-grown 7.5-carat green diamond to US First Lady Dr Jill Biden.

The diamond reflects earth-mined diamonds’ chemical and optical properties. It is also eco-friendly, as eco-diversified resources like solar and wind power were used in its making, ANI reported.

It should be noted that to encourage production of lab-grown diamonds, the Central government had in the Union Budget 2023-24 announced that it will provide a research and development grant to one of the IITs for a period of five years.

To reduce the cost of production of such diamonds, a proposal to reduce custom duties on 'lab-grown diamond seeds' was also present in the Budget.

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