(idexonline.com) - India cuts and polishes the vast majority of the world's diamonds. But without its own mines, it's never been able to capture the full cycle of production - until now. The increasing popularity of lab growns, and the apparent enthusiasm of India's government to promote their domestic manufacture, is changing that. Finance minister Nirmala Sitharaman scrapped a five per cent import tax on the seeds from which diamonds are grown in her annual budget last week. She also announced a grant to fund five years of research and development to help India produce its own diamond seeds and become less reliant on imports.
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