PARIS, October 12, 2023 (Reuters) LVMH , owner of diamond jeweller Tiffany & Co., has begun showing clients watches and jewellery featuring lab-created diamonds, testing luxury buyers interest in using man-made stones at the very top end of the market.
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Time, Jun 23, 2023, During his visit to the U.S. this week, India’s Prime Minister Narendra Modi presented President Joe Biden and First Lady Jill Biden multiple gifts on Wednesday. But the most interesting among them was a papier mache box containing a 7.5 carat synthetic green diamond. The lab-grown diamond (LGD) is at the heart of India’s bid to become a global leader in producing the synthetic alternative, which has a much smaller carbon footprint than mined diamonds, and is seen as “conflict free.”
According to India Today, the production of the diamond gifted to the Bidens produced just 0.028 grams of Co2 per carat, which is over 100,000 times less emissions per carat than the production of the average mined diamond.
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Diamond World, 26 Jul 2018, Regardless of whether it has been ‘mined’ or ‘made’, FTC takes a relook at the definition of a diamond and issues a new guideline that says LGDs are diamonds too and steers clear of the words ‘synthetic’ and ‘lab-grown’.