India’s slow Cut & Polished diamond exports

 

Yet, GJEPC endeavour to chase the big export target!   

The overall gross export of Cut & Polished diamonds at US$ 1362.67 million (Rs. 11860.71 crores) in month of February 2025 is showing a decline of 20.2%(-16.260% in Rs. Term) as compared to US$ 1707.62 million (Rs. 14164.1 crores) for the same period of previous year. 

The overall gross Imports of Cut & Polished diamonds at US$ 120.03 million ( Rs. 1044.59 crores) in month of February 2025 is showing a decline of 7.97% (-3.47% in Rs. term) as compared to US$ 130.43 million (Rs. 1082.17 crores) for the same period of previous year.

The overall gross Imports of Cut & Polished diamonds in DTA at US$ 17.82 million (Rs. 155.1 crores) is showing a Growth of -56.78(-54.66% Rs. term) as compared to US$ 41.23(Rs 342.1 crores) for the same period of February 2025. 

The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 102.21 million (Rs. 889.49 crores) is showing a Growth of 14.59(20.19% Rs. term) as compared to US$ 89.2(Rs 740.06 crores) for the same period of February 2025. 

“Global diamond demand is facing headwinds and, accordingly, India’s Cut & Polished diamond exports are struggling and attempting to find new export destinations! Additionally, the Trump 2.0 has created some opaque scenario where Government of India is engaging the US officials. Probably, India & US is trying to play win-win” said Nayan Jani, Editor-GJ Town, said to media fraternity. 

By adding he said, “Not only GJEPC but also the ongoing government is eyeing to attain the Global Diamond Trading Hub stature! Additionally, in the sync of the government; GJEPC endeavour to chase the big target!  

While looking at, April 2024 to February 2025 exports of Cut & polished diamonds, the available official figures say, the overall gross Exports of Cut & Polished diamonds at US$ 12135.83 million (Rs. 102411.81 crores) is showing a decline of 18.01% (-16.37% Rs. term) as compared to US$ 14802.02 million (Rs. 122458.72 crores) for the same period of previous year. 

The overall gross Imports of Cut & Polished diamonds at US$ 1159.55 million (Rs. 9774.63 crores) is showing a decline of 35.21% (-34.11% Rs. term) as compared to US$ 1789.66 million (Rs. 14835.58 crores) for the same period of previous year. The overall gross Imports of Cut & Polished diamonds in DTA at US$ 352.12 million (Rs. 2963.28 crores) is showing a Decline of -12.28 (-10.82% Rs. term) as compared to US$ 401.39(Rs 3322.73crores) for the same period of April 2024 to February 2025.  

The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 807.44 million (Rs. 6811.35 crores) is showing a Decline of -41.84(-40.84% Rs. term) as compared to US$ 1388.27(Rs 11512.85 crores) for the same period of April 2024 to February 2025.



 



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