The import of unsorted diamonds to India is expected to grow steadily from 2024 to 2028. Starting at $90.804 million in 2024, the forecast indicates an increase to $108.8 million by 2028. When compared to the previous actual data of 2023, the year-on-year growth rates for 2024 and beyond appear robust, with consistent annual increases. Analyzing this trajectory over a five-year period, the compound annual growth rate (CAGR) suggests moderate but stable growth, indicative of a healthy demand in India's diamond market.
Future trends to watch for include:
- Potential disruptions or enhancements in the global supply chain that might affect diamond imports.
- Fluctuations in global diamond prices and their impact on India's import budget.
- Changes in consumer preferences and economic conditions that might affect demand.