Dev Labtech Venture Limited applied Solar Power Project of 1300 KV (DC) in Gujarat Energy Development Agency (GEDA) for the Captive use for Growing Lab grown CVD diamond. Lab-grown diamonds are also known as synthetic diamonds which are artificially manufactured diamonds that have the same chemical and physical properties as naturally occurred diamonds. These are produced in a labs, rather than formed by millions of years under the Earth's surface.

A CVD diamond is a diamond created by a process called Chemical Vapor Deposition. The process for the same begins with a diamond seed crystal which is typically from a high quality of synthetic diamond, in a vacuum chamber. Natural gas, such as methane, is then pumped into the chamber and broken down into carbon atoms that accumulate on the crystal and form a diamond.

Solar power can play a significant role in reducing the costs associated with lab-grown CVD (Chemical Vapor Deposition) diamonds through various mechanisms. Here are some details on how a solar power plant can contribute to cost reduction in the production of lab-grown diamonds: Lab-grown diamonds, particularly those produced through CVD processes, require a substantial amount of energy for their synthesis. By harnessing solar power, a considerable portion of the energy required for the diamond growth process can be obtained for free. This reduces the dependence on traditional energy sources and mitigates the impact of fluctuating energy prices on production costs.

Solar power plants generate electricity with minimal operating costs once they are installed. By incorporating solar energy into the production process of lab-grown diamonds, it can benefit from reduced operational costs over the long term. This, in turn, can contribute to overall cost savings and increased competitiveness in the market.

The environmental footprint of lab-grown diamond production can be substantial, especially when relying on conventional energy sources. Solar power is a clean and renewable energy source, leading to a significant reduction in carbon emissions and other pollutants associated with energy production. This environmental benefit can also contribute to cost savings by potentially avoiding future environmental regulations and taxes.