Diamond will step up upon market improvement

 

Even if the slow diamond Exim, India moves with confidence! 

Even if I did not suggest and express the view about the diamond exports of India and import trend, just look at the statement of mining player that said in the  1Q 2025 & released recently: “By commenting on the market condition, Gem Diamonds said in their 1H report, “In the report operational and cost management measures in response to market conditions: Considering the prolonged weakness in global diamond prices, compounded by a weak US dollar and ongoing US tariff uncertainties.  

Gem Diamonds has implemented decisive measures to conserve cash and protect shareholder value. While the Company has met its production targets, it has not been immune to the sustained pressure on rough diamond prices and adverse exchange rate movements.” Now, one can draw their own conclusion & outlook of the trend for 2Q FY 2025-26.  

India’s overall gross export of Cut & Polished diamonds at US$ 778.78 million (Rs. 6692.94 crores) in month of June 2025 is showing a decline of 23.49% (-21.230% in Rs. Term) as compared to US$ 1017.87 million (Rs. 8496.87 crores) for the same period of previous year. 

The overall gross imports of Cut & Polished diamonds at US$ 71.82 million (Rs. 616.72 crores) in month of June 2025 is showing a decline of 7.03% (-4.36% in Rs. term) as compared to US$ 77.25 million (Rs. 644.8 crores) for the same period of previous year.  

The overall gross imports of Cut & Polished diamonds in DTA at US$ 21.57 million (Rs. 185.49 crores) is showing a Growth of -38.03(-36.16% Rs. term) as compared to US$ 34.8(Rs 290.53 crores) for the same period of June 2024.  

The overall gross imports of Cut & Polished diamonds in SEZ at US$ 50.25 million (Rs. 431.23 crores) is showing a Growth of 18.4(21.72% Rs. term) as compared to US$ 42.44(Rs 354.28 crores) for the same period of June 2024.  

For the period of April 2025 – June 2025, the overall gross exports of Cut & Polished diamonds at US$ 2837.29 million (Rs. 24270.19 crores) is showing a decline of 22.72% (-20.74% Rs. term) as compared to US$ 3671.33 million (Rs. 30623.29 crores) for the same period of previous year.  

For the period of April 2025 – June 2025, the overall gross imports of Cut & Polished diamonds at US$ 218.25 million (Rs. 1866.85 crores) is showing a decline of 28.17% (-26.34% Rs. term) as compared to US$ 303.85 million (Rs. 2534.31 crores) for the same period of previous year.  

For the period of April 2025 – June 2025, the overall gross imports of Cut & Polished diamonds in DTA at US$ 57.66 million (Rs. 493.72 crores) is showing a Decline of -39.49 (-37.88% Rs. term) as compared to US$ 95.29(Rs 794.84crores) for the same period of for the period of April 2024 – June 2024.  

For the period of April 2025 – June 2025, the overall gross imports of Cut & Polished diamonds in SEZ at US$ 160.59 million (Rs. 1373.13 crores) is showing a Decline of -23.0(-21.06% Rs. term) as compared to US$ 208.55(Rs 1739.47 crores) for the same period of for the period of April 2024 – June 2024.

Gross imports of rough diamonds at US$ 3222.93 million (Rs 27567.68 crores) in for the period of April 2025 – June 2025, have shown a decline of 5.13% (-2.69% Rs. term) compared with the imports at US$ 3397.08 million (Rs. 28330.10 crores) for previous year.  

In volume terms gross import of rough diamonds at 272.64 lakhs carats during for the period of April 2025 – June 2025, has shown a decline of 8.72% compared with the imports at 298.70 lakhs carats during previous year.  

Provisional gross export of Polished Lab Grown Diamonds for the period June 2025 at US$ 66.67 million (in Rs. 572.86 crores) shows a decline of 24.95% (-22.74% in Rs. term) over the comparative figure of US$ 88.83 million (Rs. 741.48 crores) for the previous year. Provisional gross export of Polished Lab Grown Diamonds for the period for the period of April 2025 – June 2025, at US$ 258.5 million (in Rs. 2211.07 crores) shows decline of 19.14% (-17.09% in Rs. term) over the comparative figure of US$ 319.7 million (Rs. 2666.72 crores) for previous year.  

At the end, once again I am citing the player, “Gem Diamonds remains committed to its long-term strategy of producing exceptional quality diamonds and is confident that the measures being implemented will position the Company for a strong recovery when market conditions improve. The Company will continue to monitor market developments closely and provide further updates as appropriate.”