The import of diamond dust or powder to India is forecasted to grow steadily from 2024 to 2028, increasing from $37.84 million in 2024 to $43.021 million in 2028. This shows an average year-on-year growth rate around 3.0%. In 2023, imports stood at a lower baseline, reflecting a continued trend of growth in this sector as India remains a significant player in the diamond industry. The five-year compound annual growth rate (CAGR) highlights a consistent upward trajectory, indicative of sustained demand.
Key future trends to watch include technological advancements enhancing synthetic diamond production, potential shifts in international trade policies, and fluctuations in global economic conditions that could impact the broader gemstone market. Additionally, the increasing use of diamond dust in industrial applications could further drive import demand.
