Tag: ftc

JAIPUR: India is taking a shot at the global diamond trade with its lab-grown variety, whose exports were estimated at around $1.5 billion in 2022-23. Fuelling its expectations is US Federal Trade Commission (FTC) recognising it as 'cultured', instead of artificial or synthetic. On the eve of the G20 ministerial meeting here, commerce and industry minister Piyush Goyal said lab-grown diamonds are made through natural elements and the recognition by US FTC will further enhance their acceptance globally and benefit Indian entities. "It is a huge thumbs up...