JOURNAL ARTICLE

Why Modi Gifted a 7.5-Carat Lab-Grown Diamond to Jill Biden.

  • Published In: Time.com, 2023. P. 15 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Gordon, Anna 3 of 3

Abstract

The article focuses on India's ambition to become a global leader in the lab-grown diamond (LGD) industry, which is projected to double in value over the next decade. During a recent visit to the U.S., Prime Minister Narendra Modi presented a 7.5-carat synthetic green diamond to President Joe Biden and First Lady Jill Biden, highlighting the environmental benefits of LGDs, which produce significantly lower carbon emissions compared to mined diamonds. India has seen substantial growth in its LGD exports, increasing from $274 million to $1.29 billion between 2018 and 2021, and the government is investing in research and development to further enhance this sector. Currently, India produces 15% of the world's LGDs, while China leads with a 50% market share. [Extracted from the article]

Additional Information

  • Source:Time.com. 2023/06, p15
  • Document Type:Article
  • Subject Area:Chemistry
  • Publication Date:2023
  • ISSN:2476-2679
  • Accession Number:164547044
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