Clear differentiation between ND and LGDs needed!
CCPA hosts consultation for the protection of consumer interest Guidelines would eliminate Confusion by Standardizing Terminology for Natural Diamond (ND) and Lab-Grown Diamonds (LGDs)! The Central Consumer Protection Authority (CCPA), organized a Stakeholder Consultation on Consumer Protection in the Diamond Sector to deliberate on the use of appropriate terminology for diamonds. The consultation, chaired by Nidhi Khare, Chief Commissioner, CCPA, brought together key industry stakeholders and experts. The meeting addressed critical concerns regarding the lack of standardized terminology and inadequate disclosure practices in the diamond sector. These gaps have resulted in consumer confusion and misleading practices, especially concerning the differentiation between natural diamonds and lab-grown diamonds. During the consultation the broad key aspects and prevailing Legal and Regulatory frameworks were discussed in detailed. For example, the Legal Metrol...