Limelight Diamonds

  July 2019, India:  Recently India introduced an import classification code solely for lab-grown rough diamonds, which would enable the industry to better identify lab-grown diamonds and keep track of the goods as opposed to the olden days where all categories were being marked as synthetic. Perhaps, the move also stems from the actions of GIA (Gemological Institute of India) and FTC (Federal Trade Commission) earlier this year, where both banned the word ‘synthetic’ for usage against lab-grown diamonds. Both of these institutes now classify lab-grown diamonds as real diamonds as they have the same optical, physical, thermal and chemical properties.      The government has separated the Indian Trade Clarification (ITC) code for rough synthetic gemstones into diamonds and non-diamonds, the Gem & Jewellery Export Promotion Council (GJEPC) reported last week. The move will help organizations such as the GJEPC track the precise quantities of lab-grown diamonds coming into th