Program aims to educate young consumers about mined stones’ positive qualities.
Lab-grown will remain at the current reduced rate of 18%.
GJEPC initiative aims to distinguish synthetic and natural stones more clearly.
GJEPC chairman Kirit Bhansali presents policy recommendations in meeting with prime minister.
The G7’s apparent determination to enforce traceability mechanisms has left industry bodies with many questions and concerns.
Lower rate would help establish country as trading hub, GJEPC says.
Voluntary freeze to go into effect on October 15.
Miner calls for “reciprocal effort” to tackle imbalance of supply and demand.
Weak retail sales have led to inventory imbalance.
May and July sales will take place together.
Government abolishes import duty on diamond seeds, pledges research grant.