The forecast for the import of diamond jewelry unworked or simply sawn, cleaved, or bruted to India shows a steady upward trend from 2024 to 2028. Starting at 40.76 thousand kilograms in 2024, the import volume is expected to increase annually, reaching 46.03 thousand kilograms by 2028. This represents a compound annual growth rate (CAGR) over the period of approximately 2.57%.
Year-on-year growth is projected as follows:
- 2024 to 2025: 3.34%
- 2025 to 2026: 3.16%
- 2026 to 2027: 2.98%
- 2027 to 2028: 2.86%
With India continuing its trajectory of economic growth and increasing consumer purchasing power, the demand for diamond imports will likely remain robust. Key trends to monitor include changes in trade policies, fluctuations in global diamond prices, and shifts in consumer preferences towards lab-grown versus natural diamonds.
