In 2023, India's export of diamonds stood at 28.5 billion USD. Based on forecasted data from 2024 onwards, there is a positive trend in the export values. Year-on-year variations show an increase of approximately:
• 2024: +2.0%
• 2025: +2.1%
• 2026: +2.0%
• 2027: +1.9%
• 2028: +1.8%
Over the last two years (2022-2023), there was an average annual growth of around 2.6%. The compound annual growth rate (CAGR) over the next five years is anticipated to be around 2.0%, representing steady growth in the diamond export market.
Future trends to watch for include shifts in global demand for luxury items, fluctuations in diamond prices, and potential changes in trade policies that could impact export dynamics.
