The forecast for the import of precious and semi-precious stones (unworked or partly worked) to India shows a steady increase from 2024 to 2028, rising from $903.42 million to $1059.5 million. Compared to 2023, the forecasted value for 2024 indicates a positive growth trend. The year-on-year growth from 2024 to 2028 shows an increment of approximately 4% annually. Over this five-year period, the compound annual growth rate (CAGR) is estimated to be around 4.1%.
Future trends to watch for include potential fluctuations in global gemstone prices, changes in India's trade policies, and advancements in gemstone processing technology, which may influence the demand and import patterns in the coming years.
