Lab-grown diamond market is increasing rapidly in India. Dealer of Gem and Jewellery Export Promotion Council Rajnikant Chanchad said that there is no difference between natural diamonds and lab-grown diamonds in terms of properties. Rajnikant Chanchad said, “Central government supported the manufacture of lab-grown diamonds in Union Budget 2023. Exports of these diamonds have grown rapidly. It can come under the ‘Atmanirbhar’ scheme. There’s no difference between natural diamonds and lab-grown diamonds in terms of properties. The only difference is that lab-grown diamonds are grown in machines whereas natural diamonds come out of mines.”