Highlights

  • Finance Minister, Nirmala Sitharaman mentioned lab-grown diamonds in Budget 2023
  • Custom duty on seeds that are used to make lab-grown diamonds will be reduced
  • These diamonds are made in labs

Latest news

Qualcomm Showcases Snapdragon 8 Elite Gen 6 Chips At IMC 2026, Teases New Flagships

Qualcomm Showcases Snapdragon 8 Elite Gen 6 Chips At IMC 2026, Teases New Flagships

Shokz Diwali Sale Brings Discounts On Open-Ear Headphones Across Amazon And Flipkart

Shokz Diwali Sale Brings Discounts On Open-Ear Headphones Across Amazon And Flipkart

iQOO 16 Confirmed For India With Snapdragon 8 Elite Extreme Gen 6 And OriginOS 7

iQOO 16 Confirmed For India With Snapdragon 8 Elite Extreme Gen 6 And OriginOS 7

ASUS Announces Festive Discounts Across Laptops, Gaming PCs And Tablets

ASUS Announces Festive Discounts Across Laptops, Gaming PCs And Tablets

Priyanka Gandhi lies on ground, Rahul detained as Delhi Police stop INDIA bloc MPs' Jantar Mantar march

Priyanka Gandhi lies on ground, Rahul detained as Delhi Police stop INDIA bloc MPs' Jantar Mantar march

Emotion, tears as Messi retires from Argentina national team

Emotion, tears as Messi retires from Argentina national team

Rajpal Yadav tells CJI Surya Kant his legal troubles inspired film title ‘Solah Sawan Jhel Ke’

Rajpal Yadav tells CJI Surya Kant his legal troubles inspired film title ‘Solah Sawan Jhel Ke’

Arun Govil returns to ‘Ramayana’ as King Dashrath in new poster

Arun Govil returns to ‘Ramayana’ as King Dashrath in new poster

Budget 2023: Know what are lab-grown diamonds that the FM mentioned in this year's budget

Know all about lab-grown diamonds that Finance Minister, Nirmala Sitharaman mentioned in Budget 2023.

Budget 2023: Know what are lab-grown diamonds that the FM mentioned in this year's budget

In the Budget 2023, Finance Minister Nirmala Sitharaman mentioned lab-grown diamonds. She said that the custom duty on seeds that are used to make lab-grown diamonds will be reduced.

She also mentioned that it is a tech-driven emerging sector with high-employment potential and said that IIT will be given a research and development grant for five years.

What are lab-grown diamonds?

As the name suggests, lab-grown diamonds are created in a lab. These diamonds are made with detailed technology and are as authentic as real diamonds. However, they don't have durability like real diamonds and they are made from the diamond stimulants like white sapphire, YAG, or Moissanite.

Also Read: Budget 2023: switching to new tax regime not necessary, says FM; elaborates on personal I-T changes

Frequently Asked Questions

Lab-grown diamonds are created in a lab using detailed technology and are as authentic as real diamonds. However, they don't have the same durability as real diamonds and are made from diamond stimulants like white sapphire, YAG, or Moissanite.

ADVERTISEMENT

Up Next

Budget 2023: Know what are lab-grown diamonds that the FM mentioned in this year's budget

Budget 2023: Know what are lab-grown diamonds that the FM mentioned in this year's budget

Living Room Wall Tile Ideas: Creating a Feature Wall Statement

Living Room Wall Tile Ideas: Creating a Feature Wall Statement

India's health survey data reveals 13% children born prematurely, 17% with low birth weight

India's health survey data reveals 13% children born prematurely, 17% with low birth weight

Anxiety in Meghaninagar After Tragic Plane Crash

Anxiety in Meghaninagar After Tragic Plane Crash

Anti-obesity injections are less effective in real-world compared to trials, says study

Anti-obesity injections are less effective in real-world compared to trials, says study

Rahul Gandhi criticizes Speaker Om Birla for stifling opposition voices in Lok Sabha

Rahul Gandhi criticizes Speaker Om Birla for stifling opposition voices in Lok Sabha

ADVERTISEMENT

editorji-whatsApp

More videos

Gurugram Teen Blackmailed: Rs 80 Lakh cybercrime unveiled

Gurugram Teen Blackmailed: Rs 80 Lakh cybercrime unveiled

Last-Minute Valentine's gifts to make hearts flutter

Last-Minute Valentine's gifts to make hearts flutter

Discover the observance and significance of Shab-e-Barat 2025

Discover the observance and significance of Shab-e-Barat 2025

The magic of Solo Travel: Freedom, adventure, and unexpected friendships

The magic of Solo Travel: Freedom, adventure, and unexpected friendships

Embracing singlehood: The fun side of anti-Valentine’s Week

Embracing singlehood: The fun side of anti-Valentine’s Week

Economic Survey 2024-25: Long work hours hurt mental well-being, productivity

Economic Survey 2024-25: Long work hours hurt mental well-being, productivity

Economic Survey 2025: Prioritizing mental health and gender inclusivity to boost workforce productivity

Economic Survey 2025: Prioritizing mental health and gender inclusivity to boost workforce productivity

Explainer | Guillain-Barre Syndrome: What are the symptoms and how to prevent it

Explainer | Guillain-Barre Syndrome: What are the symptoms and how to prevent it

'I want to talk, but is there anyone to listen?' The growing crisis of loneliness and depression

'I want to talk, but is there anyone to listen?' The growing crisis of loneliness and depression

UN report highlights risks of long work hours as L&T chairman endorses 90-hour week

UN report highlights risks of long work hours as L&T chairman endorses 90-hour week

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.