💨 Abstract

India's Commerce and Industry Minister, Piyush Goyal, has stated that the lab-grown diamond industry is thriving under the existing self-regulatory framework, with no need for additional regulations. He emphasized the effectiveness of self-regulation and the acceptance of the Kimberley Process Certificate for natural diamonds in international markets. Goyal also mentioned discussions with G7 nations regarding their traceability requirements to protect the domestic industry.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖