Diamond

'I found my first piece in 2018 and this year I sold one for Rs 8 lakh,' said entrepreneur Bharat Palod. He added that hunting for diamonds changed his life.

Indian diamond exports hit by global slump, lab-grown rivals; domestic market offers cushion

Diamond exports to the US, a key market, declined 30 percent in 2024 due to factors including supply chain disruptions, economic uncertainties, a shift in interest towards affordable jewellery, and increased competition from lab-grown diamonds.

Chart of the Day: Diamonds are forever, at a discount

Diamond exports from India have plunged to a two-decade low, and the downturn isn’t over yet. As demand slumps and uncertainty looms over U.S. tariffs, FY2026 could see another painful year for the industry.

New sparkle: Lab-grown diamond startups carve a niche in India’s jewellery market

As demand for lab-grown diamonds continues to rise, these startups have raised $14 million in 2025 so far, a significant 56 percent increase from the $9 million raised in the whole of 2024, as per Tracxn.

Goldiam International: Robust Q3 FY25 results, healthy growth outlook

With a sound knowledge of LGD manufacturing and a strong balance sheet, GIL has competitive edge and would be able to make a strong presence in the Indian market.

De Beers diamond inventory grows to $2 billion amid weak Chinese demand, lab-grown competition - report

De Beers largest diamond stockpile since 2008 shows challenges from weak Chinese demand and growing lab-grown diamond competition. The company is cutting supply and ramping up marketing ahead of a planned spin-off by parent Anglo American.

Will India's diamond hub sparkle this Diwali? Surat traders hope for festive cheer

Sanctions on Russia, a global demand slowdown and competition from lab-grown diamonds are some of the hits the Rs 1.6-lakh-crore Surat diamond industry took. It is pinning hopes on the festival to reignite demand

GJEPC urges govt to lay stringent rules for mandatory disclosure of natural, lab-grown diamonds

In a communication to the Department of Consumer Affairs, the council has said that ensuring transparency and implementing clear and standardised guidelines are essential to protect consumers and maintain the integrity of the domestic industry.

World's second largest diamond, valued at over $40 million, unearthed in Botswana

The 2,492-carat rough diamond is only dwarfed by the legendary 3,106-carat Cullinan diamond, which was discovered in South Africa in 1905.

Madhya Pradesh labourer with debt of Rs 5 lakh unearths Rs 80 lakh diamond: 'Life changed forever'

After laying his hands on the stone, 40-year-old Raju Gond's heart raced as he cleaned the dirt off it. With every stroke of his finger, the stone shone brighter and brighter. 'It shone spectacularly; I knew it was a diamond right then!' he said.

Why the diamond industry is losing its shine

Lab-grown diamonds, because of their cost and ease of availability, have captured market share but brought diamond prices down

Jewel In The Crown: Can India be the node for diamond verification as EU defers sanctions on Russian rock to Mar '25

The new regulations will necessitate detailed tracking of diamond origins, with oversight from Antwerp. However, the Indian diamond lobby has been making a strong case for India as the key nodal checkpoint for diamond verification.

Goldiam International: Play on the growing lab grown diamond jewellery demand

Goldiam has a strong growth track record, experienced management team, financial prudence, and healthy return ratios

India sees minimal trade disruptions due to G7 ban on Russian diamonds

Earlier this month, G7 nations announced a decision to ban the direct import of non-industrial diamonds, mined, processed or produced in Russia from January 2024, followed by restrictions on the import of Russian diamonds processed by third countries, from March 2024.

Diamond jewellery: India a bright spot, expect 30-35% growth, says De Beers' Amit Pratihari

Demand for diamonds is going up not just in the metros but also in Tier 2 and 3 cities, as more and more consumers want diamonds along with traditional gold jewellery, Pratihari, VP, De Beers Forevermark, has said

Diamond prices dip as people prefer to spend on travel, experiences post-pandemic

People are eating out, travelling and spending money on experiences rather than luxury goods, according to analysts, CNN reported.

Malabar Gold and Diamonds to invest up to Rs 4,000 crore for expansion in FY25

The company has two manufacturing units in Mumbai with a total capacity of Rs 2,460 crore, which it is planning to increase to Rs 4,000 crore by FY25.

Diamond industry representatives appeal for halting import of rough diamonds amid fall in prices

Additionally the appeal also called for measures to be taken to support the artisans during this period, thereby ensuring that there is no adverse impact on their livelihoods.

LIVE: Demand for lab grown diamonds up 9.3% in 2023 | Market to grow to $15 bn by 2035 | Commodities Corner

What's the story behind Lab Grown Diamonds that has suddenly seen a spurt in demand. Not only do retailers earn a margin of close to 60% on lab grown diamonds versus the 34% on natural diamonds they are also 60-85% cheaper than natural diamonds. In fact, India's market share in global market in 2021-22 was 25.8% and the Market for lab grown diamonds is poised to grow by 2860% in the next 5 years. On this Episode of Commodities Corner Manisha Gupta speaks with Shashikant Shah, Chairman - Lab Grown Diamond & Jewellery Promotion Council.

7-year-old girl finds 'one of the most beautiful diamonds' while celebrating birthday in US park

Aspen Brown was visiting the park with her dad and grandmother to celebrate her birthday when she picked up a gem about the size of a green pea from a pathway along the northeast side of the search area.

Explained: How the middle class will drive India's economy

India’s middle class in the next twelve years will drive India’s economy. In this video, we explain India’s growth story, and how the rising population will drive India’s workforce. According to the PRICE ICE Survey Indian middle class currently represents 31% of the population. By 2031 it’ll represent 38% of the population. And by 2047 the percentage will rise to 60%. But how? Watch this video to understand. Source: PRICE ICE Survey

After a slow H1FY23, jewellery sector set to shine as festive season kicks off

Vipul Shah, Chairman, Gem and Jewellery Export Promotion Council said that the first half of 2023 was pretty slow for the sector, but after the India international jewellery show there is growing demand into the plain and studded gold segment

Diamond Dreams: The Commodity King's Rise

From seeing Mumbai for the first time in 1987 to building a company with an turnover of Rs 15,000, watch the story of the glittering rise of diamond manufacturer Hari Krishna Exports in our brand new series, Commodity King!

Surat Diamond Bourse: Inside the building that's bigger than US Pentagon | World's largest office

The Surat Diamond Bourse is a diamond trade centre situated in Surat, India. Spanning a floor space of 660,000 square meters, it holds the title of the world's largest diamond trading hub. The building also boasts the distinction of being the world's largest office building, surpassing The Pentagon in size. It facilitates an array of diamond-related activities, cementing its position as a prominent hub for the global diamond trade.

Gold and diamond jewellery lose sheen over rising prices; global downturn hits exports

While prices may not come down drastically, it is expected that there will be stability later in the year. The festive season is expected to push up local demand, while the export market is expected to pick up later this year.