{"id":13152,"date":"2021-12-22T16:36:53","date_gmt":"2021-12-22T11:06:53","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=13152"},"modified":"2021-12-22T16:36:56","modified_gmt":"2021-12-22T11:06:56","slug":"gjepc-webinar-uncovers-the-potential-of-lab-grown-diamonds","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/gjepc-webinar-uncovers-the-potential-of-lab-grown-diamonds\/","title":{"rendered":"GJEPC Webinar Uncovers The Potential Of Lab-Grown Diamonds"},"content":{"rendered":"\n<p>GJEPC organised a webinar on the \u201cPotential of Lab-Grown Diamonds\u201d on 17<sup>th<\/sup> December to provide a brief understanding of the LGD ecosystem, shed light on the challenges, risks&nbsp;and potential for growth, emphasise its contribution to the Indian economy, and elaborate on the capacity, acceptance, demand &amp; supply.<\/p>\n\n\n\n<p>The session was moderated by Mayank Bajaj, Banking Consultant for the GJEPC, and the panellists were Sanket Patel, Partner, Diabon LLP; Pooja Sheth, MD &amp; Founder, Limelight Diamonds; Parag Agrawal, Director, Fiona Diamonds; and Ranvir Singh, DGM, SBI.<\/p>\n\n\n\n<p>The following key aspects were discussed:<\/p>\n\n\n\n<p><strong>Brief Idea About Lab-Grown Diamonds<\/strong><\/p>\n\n\n\n<p>Raw material required for growing, various methods of growing, and importance of technology and R&amp;D.<\/p>\n\n\n\n<p><strong>A Comparison With Natural Diamonds<\/strong><\/p>\n\n\n\n<p>Quality, manufacturing process, business cycle, pricing.<\/p>\n\n\n\n<p><strong>Discussion On Risks Associated With Lab-Grown Diamonds<\/strong><\/p>\n\n\n\n<p>Price volatility, technology.<\/p>\n\n\n\n<p><strong>Outlook On Global And Domestic Demand<\/strong><\/p>\n\n\n\n<p>Acceptance from consumers, demand post the pandemic, classification as a luxury commodity or investment.<\/p>\n\n\n\n<p><strong>Risk Involved With Finance<\/strong><\/p>\n\n\n\n<p>Importance of steady supply of goods, technology, research &amp; development and volatility in pricing.<\/p>\n\n\n\n<p><strong>Significance To The Indian Economy<\/strong><\/p>\n\n\n\n<p>Role as an import substitute for natural rough diamonds, foreign exchange earner, generation of employment, and opportunity for attracting foreign investments.<\/p>\n\n\n\n<p><strong>Discussion On Incentives To Improve Productivity<\/strong><\/p>\n\n\n\n<p>Policy on monitoring the growing process, tax holidays for the diamond-growing business, and capital incentives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GJEPC organised a webinar on the \u201cPotential of Lab-Grown Diamonds\u201d on 17th December to provide a brief understanding of the LGD ecosystem, shed light on the challenges, risks&nbsp;and potential for growth, emphasise its contribution to the Indian economy, and elaborate on the capacity, acceptance, demand &amp; supply. The session was moderated by Mayank Bajaj, Banking&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-13152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GJEPC Webinar Uncovers The Potential Of Lab-Grown Diamonds - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/gjepc-webinar-uncovers-the-potential-of-lab-grown-diamonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GJEPC Webinar Uncovers The Potential Of Lab-Grown Diamonds - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"GJEPC organised a webinar on the \u201cPotential of Lab-Grown Diamonds\u201d on 17th December to provide a brief understanding of the LGD ecosystem, shed light on the challenges, risks&nbsp;and potential for growth, emphasise its contribution to the Indian economy, and elaborate on the capacity, acceptance, demand &amp; supply. 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