The import of unsorted diamonds to India is forecasted to rise steadily over the next few years, reflecting a positive growth trend from 2024 to 2028. In 2023, imports stood at a certain level, and while actual historical data is not detailed here, it provides a baseline for comparison. Year-on-year growth is projected to remain around 5% for 2024 to 2028, demonstrating consistent demand. The Compound Annual Growth Rate (CAGR) over the forecast period is anticipated to be close to this yearly rate, indicating sustained interest and need for unsorted diamonds.
Future trends to watch for include:
- Global economic conditions affecting demand for luxury goods.
- Technological advances in diamond sorting and evaluation.
- Trade policy changes impacting import tariffs and procedures.
- Shifts in consumer preferences towards ethical and sustainable diamonds.
