Diamond is mined stone, not lab-grown, says gems trade body

Quick Summary:

India's GJEPC has adopted new standards for defining a diamond, now requiring it to refer only to natural stones mined from the earth.

This move aligns with the USA's FTC guidelines and aims to prevent lab-grown diamonds from being misrepresented.

GJEPC is urging updates to the Consumer Protection Act to reflect this definition.

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Article Details

Author / Journalist: Hemali Chhapia

Category: EconomyBusiness

Markets: IndiaSouth KoreaNew ZealandPakistan

Topics: Business news FTC guidelines Lab-grown diamonds GJEPC Natural stone Gem trade Diamond

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 02:32:39 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23023357

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