Weak global trend, thins India’s rough diamond import

 

Import of fewer rough diamonds for April 2024 to December 2024 

Inflation, global uncertainties & other electronics and digital options have collected a toll collectively. Improvement is expected in the 2025! India is the largest global center for diamond manufacturing and therefore, India keeps a keen watch on the global diamond demand & trends and accordingly India import of fewer rough diamonds in 9months for the period of April 2024 to December 2024.   

According to the gross imports of rough diamonds that recorded in the value term, at US$ 7882.58 million (Rs 66066.49 crores) for the period of April 2024 to December 2024 (9months) have shown a decline of 22.1% (-20.98% Rs. term) compared with the imports at US$ 10118.93 million (Rs. 83603.48 crores) for previous year.

In volume terms gross Import of rough diamonds at 746.52 lakhs carats during April 2024 to December 2024 (9months) has shown a decline of 14.150% compared with the imports at 869.59 lakhs carats during previous year.  

The Coloured Gemstones basket also provides the provisional gross export figures. The export of Coloured Gemstones for the period April 2024 to December 2024 (9months) that registered the value at US$ 304.13 million (in Rs. 2550.25 crores) shows decline of 11.5% (-10.22% in Rs. term) over the comparative figure of US$ 343.64 million (Rs. 2840.55 crores) for previous year.  

Provisional gross export of Polished Lab Grown Diamonds for the period December 2024 at US$ 78.93 million (in Rs. 670.77 crores) shows a decline of 5.48% (-3.55% in Rs. term) over the comparative figure of US$ 83.51 million (Rs. 695.48 crores) for the previous year. Provisional gross export of Polished Lab Grown Diamonds for the period April 2024 to December 2024 (9months) at US$ 930.32 million (in Rs. 7800.01 crores) shows decline of 9.26% (-8.03% in Rs. term) over the comparative figure of US$ 1025.26 million (Rs. 8481.1 crores) for previous year.



 





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