So, let’s get down to the brass tacks: What exactly are diamonds? Lab grown diamonds are identical to their natural counterparts in every way, except they are grown in a lab from a diamond seed instead of pulled from the earth. “Diamonds are made up almost entirely of pure carbon. That’s why both lab diamonds and mined diamonds have the exact same physical properties. They replicate the exact natural process that forms earth grown diamonds, but cost up to 40% less,” explains Parag Agarwal of Fiona Diamonds, Mumbai.
The intention is to keep the two pipelines in BDB —natural and lab-grown—separate. Allowing lab-grown diamond trading will help sustain the Indian diamond manufacturing industry. The industry has always believed in being inclusive, and there is a place for every product to exist as long as the disclosures are made. I see no reason why natural diamonds and lab-grown diamonds cannot co-exist.
Colin Shah, Chairman, GJEPC.
What impact will BDB’s decision have?
This story is from the January - February 2021 edition of Diamond World.
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This story is from the January - February 2021 edition of Diamond World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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