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India's Gems and Jewellery Industry Sparkles with PM Modi's Diamond Gift to President Biden

India's Prime Minister Narendra Modi's gift of a lab-grown diamond to US President Joe Biden highlights India's leadership in the sector and commitment to sustainability.

Post By : IJ News Service On 27 June 2023 11:46 AM

India's Prime Minister Shri Narendra Modi's gift of a 7.5-carat lab-grown "green" diamond to US President Joe Biden and First Lady Dr. Jill Biden during his state visit to the US serves as a powerful endorsement of India's leadership and expertise in the lab-grown diamond sector. This prestigious selection highlights India's craftsmanship, innovation, and technological advancements on a global scale, positioning the country as a trailblazer in the international market for lab-grown diamonds.

Vipul Shah, Chairman of GJEPC, expressed his appreciation for the Prime Minister's gesture, emphasizing India's significant role as the largest player in the growth of CVD lab-grown diamonds. Presenting the 7.5-carat diamond in the 75th year of India's Independence showcases the country's leadership in the lab-grown diamond industry, reinforcing the success of the "Make in India" initiative. India's exports of lab-grown diamonds have experienced exponential growth, surpassing USD 1.67 billion in 2022-2023, signaling their increasing popularity not only in India and the US but also worldwide. The Prime Minister's gift also highlights the exceptional craftsmanship of Indian artisans.

Furthermore, the diamond gift symbolizes India's commitment to sustainable practices. Crafted using sustainable energy sources such as solar and wind power, it exemplifies the industry's dedication to eco-consciousness and responsible production. This aligns with the ongoing efforts of GJEPC to promote sustainability within the gem and jewelry industry, showcasing India's dedication to a greener and more responsible future.

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