Diamond Industry

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

The tariff trap Part-I: The first of a three-part series captures how Surat's diamond industry is coping with tariff uncertainties

Mehul Choksi, 65, left India on January 2, 2018. He is wanted by the CBI and ED for allegedly cheating Punjab National Bank (PNB) out of ₹13,850 crore

Exports will be badly hit in the next couple of months until the cost impact is analysed by US consumers and Indian exporters, said industry players

Seed funding rounding for business expansion was led by WestBridge Capital

Leading lab-grown diamond brand Solitario Lab Grown has raised USD 3.6 million in a pre-IPO funding round. The funding round attracted notable investors including Neeraj Gupta (Founder of Meru Cabs), Mauritius-based FPI Investi Global, Vicco Group, and Seema Manish Nuwal (Promoter, Solar Industries), along with several ultra-high-net-worth individuals including Amit Agarwal, Rajesh Singla, Garima Theti, and Sandeep Singh, a company statement said on Tuesday. Co-founded by jewellery industry veteran Ricky Vasandani, and Bollywood actor Vivek Oberoi, Solitario crafts sustainable, eco-conscious diamond jewellery including necklaces, rings, earrings, bracelets, and pendants. "The newly raised capital will be used to expand Solitario's retail network both domestically and internationally, enter new geographical markets, enhance branding and marketing initiatives, broaden its product portfolio, and strengthen its manufacturing capabilities," Co-founder Vivek Oberoi, said. The company has