The forecast for India's import of synthetic precious or semi-precious stones, unworked or simply sawn or roughly shaped, shows a steady decline from 102.75 thousand kilograms in 2024 to 87.6 thousand kilograms by 2028. From 2023, the pattern indicates a year-on-year decrease in volume imports. The compounded annual growth rate (CAGR) over this forecasted period is negative, suggesting a consistent reduction in imports each year.
Future trends to watch for include:
- Potential shifts in domestic production capabilities that might reduce dependency on imports.
- Changes in global demand affecting pricing and availability of raw gemstones.
- Technological advancements in synthetic stone manufacturing.
- Policy changes or trade agreements that could impact import volumes.
