The import of diamond jewelry worked but not mounted or set to India is projected to rise steadily from 2024 to 2028. In 2023, the value stood at $10.215 billion. The forecasted values indicate a consistent annual increase: 2.86% in 2025, 2.72% in 2026, 2.60% in 2027, and 2.48% in 2028. The compound annual growth rate (CAGR) over the entire forecast period is approximately 2.67%.
Future trends to watch for include:
- Potential changes in global diamond market dynamics affecting import values.
- Developments in consumer preferences towards sustainable and ethically sourced diamonds.
- Economic factors such as fluctuations in foreign exchange rates and trade policies influencing import costs.
