India’s Diamond Exports Hit Decade-Low, Set to Fall 18-19% in FY2025

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India's diamond exports are projected to decrease by 18-19% in FY2025, reaching a decade-low of $12.5-13 billion. This decline is attributed to several factors, including shifting consumer preferences and economic pressures. Remarkably, there has been a 28% contraction in export volumes, exacerbated by recession fears in the U.S. and a growing preference for lab-grown diamonds. These synthetic alternatives, expected to greatly impact the global market, have contributed pressure by driving down natural diamond prices. Furthermore, regulatory challenges and import restrictions complicate trade dynamics. For a deeper understanding of these…

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