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This year’s Budget shines special attention on laboratory-grown diamonds, or LGDs. Finance Minister Nirmala Sitharaman said the sector has high employment potential. A number of schemes to promote their research and development in India have been announced. What are laboratory-grown diamonds? LGDs are manufactured in laboratories, as opposed to naturally-occurring diamonds. But the chemical composition…
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023. | Photo Credit: ANI The story so far: The 2023 Union Budget shines special attention on laboratory-grown diamonds (LGD). In her Budget speech, Finance Minister Nirmala Sitharaman said that the sector has “high employment potential” and announced a number of schemes to promote their research…