Diamond Industry

Odisha plans a dedicated gems and jewellery policy and park to capitalise on rising lab-grown diamond investments and build an integrated manufacturing ecosystem

Vietnamese police say an Indian national allegedly led a network that smuggled more than 30,000 diamonds worth over $57 million into the country by concealing them in luggage, shoes and clothing

Why would a company pause a mine after investing $2.2 billion? The answer lies in falling diamond prices, weaker global demand, and a rapidly changing jewellery market

De Beers will suspend production at its Venetia mine in South Africa for two years as the diamond industry grapples with weak demand, falling prices and rising competition from synthetic stones

In the past 10 trading days, Thangamayil Jewellery and Sky Gold and Diamonds soared 29 per cent and 28 per cent, respectively.

CEO Al Cook says India is De Beers' fastest-growing market globally as natural diamond demand logs four years of double-digit growth

Titan plans to take a leadership position in lab-grown diamonds with BeYon, betting on aggressive pricing and a full-fledged retail and e-commerce play

Titan Co, the country's leading jewellery maker, on Friday announced its entry into the lab-grown diamond segment, under the brand name of "beYon". Focusing on the emerging segment of affordable lab-grown diamonds in the country, the company will open a store in Mumbai on December 29, according to a regulatory filing from a Tata group-managed firm. "Titan will launch the brand name 'beYon - from the House of Titan' with an exclusive retail store in Mumbai on 29th December 2025 to cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags," it said. The brand 'beYon' will offer a curated range of Lab Grown Diamond (LGD) jewellery, making a start in this emerging category with plans to add a couple of more stores in Mumbai and Delhi in the immediate near future, Titan said. Over the last 2-3 years, the lab-grown diamond market in India has experienced rapid growth, driven by consumer demand for affordable, sustainable, and ethically ..

For the third time, India will chair the Kimberley Process (KP), a global initiative to remove conflict diamonds from the global supply chain, from January 1 next year, the Commerce Ministry said in a statement on Thursday. KP is a joint initiative of different countries, industry and civil societies to control the flow of conflict diamonds, which are used by rebel movements to finance wars against legitimate governments in the world. India is a global player in diamond cutting and polishing. As defined in United Nations Security Council resolutions, conflict diamonds are rough diamonds used by rebel groups or their allies to finance conflicts that undermine legitimate governments in the world. "India will take over as KP Vice Chair from December 25, 2025, before assuming the chairmanship in the new year. This will be the third time India has been entrusted with the chair of the Kimberley Process," the ministry said. During its tenure, India will focus on strengthening governance

Following the double tariff whammy in August, the average effective American levy on gems and jewellery has climbed to 55%

The number of exporting MSMEs, despite a commendable trebling in the last four years, was a meagre 173,350 in May last year

Forevermark targets metros and tier II cities with affordable luxury focus

India processes over 90 per cent of the world's polished diamonds by volume and exports nearly 47 per cent of the country's total gems and jewellery exports

India's natural diamond polishing industry faces a 28-30 per cent fall in revenues to USD 12.50 billion in this financial year as the steep 50 per cent tariff imposed on Indian exports by the US kicks in, a report said on Thursday. An additional 25 per cent tariffs on Indian products entering the American market came to effect on Wednesday after the US administration's move to penalise India for purchasing Russian oil. This is on top of the 25 per cent the reciprocal tariff imposed by US President Donald Trump in April. During 2024-25, the revenue of the natural diamond polishing industry in India stood at around USD 16 billion, Crisil Ratings said in a report. The blow will follow a 40 per cent degrowth over the past three fiscals because of a fall in both prices and sales volume of natural diamonds as demand in the US and China dropped, and competition from lab-grown diamonds rose, it added. Crisil Ratings said 50 per cent tariffs, effective this week, makes exports to the US tou

Crisil Ratings warns Indian diamond polishers face their worst year since 2007, with FY26 revenues projected to shrink to $12.5 billion after Trump's 50% tariff shock

The industry still says India will continue to be the preferred hub for diamond polishing because of its skill base and manpower

Crisil says 50% US tariff on Indian imports will severely impact diamond polishing, shrimp, home textiles, and carpets, with other sectors facing manageable to moderate risk

Nearly 100,000 workers in Saurashtra lose jobs; Rajasthan's gems and jewellery sector also braces for slowdown as Donald Trump's 50% tariffs hit Indian industries

The US tariff hike on gems and jewellery exports from India has halted shipments, slashed market share and may lead to 1.25 lakh job losses in major export hubs

India's CPD exports may decline to $12 billion in FY26 amid pressure from US tariffs, lower demand in China, and rising competition from lab-grown diamonds