Diamond Industry News
Trump has unleashed a two-front war on gems and jewellery sector
Gemologists, jewellery designers, metallurgists and machine-learning specialists who know gemstone patterns work in the US on H-1B visas. There are 300 gems and jewellery trading offices on 47th Street in New York's Diamond District alone.
2 min read13 Oct 2025India’s cut and polished diamond exports set to fall 17-20% in FY26 amid US tariffs: CareEdge
According to CareEdge, India accounts for more than 90% of the world’s polished diamonds by volume. The recent US tariffs of up to 50% risk increasing prices for the end consumer and dampening demand in a key market, which alone accounts for more than 40% of global polished diamond consumption.
4 min read22 Sep 2025Taylor Swift and tariffs can both help sell diamonds
Two big developments could help bring back the allure of natural diamonds.
3 min read31 Aug 2025Crisil warns US tariff blow to rob Indian diamond industry’s sparkle
India’s natural diamond polishing industry is staring at its worst year in nearly two decades, with revenues projected to fall nearly 22% to about $12.5 billion in FY26, from $16 billion last year, according to a Crisil Ratings report released on Thursday.
4 min read28 Aug 2025US tariffs impact: American buyers to feel heat from hiked duties on Indian diamond imports? ‘Someone has to pay…’
The American diamond industry has signalled that it is end customers in the United States, who will end up paying the price for Donald Trump's hiked tariffs of 50 per cent (from August 27) on Indian imports.
2 min read27 Aug 2025Trump tariffs: Surat diamond traders face existential crisis as export demand hits 20-year low
Amid Donald Trump's looming tariffs and weak demand from China, the Surat Diamond Bourse, is experiencing a two-decade low in export demand. The impact is such that some exporters are considering relocating to lower-tariff countries like Botswana.
3 min read26 Aug 2025Giva raises ₹530 crore to tap India's growing demand for lab-made diamonds
With prices at least 30-50% lower than those of their mined counterparts, these stones have helped fulfil the aspirations of many Indians who cannot afford natural diamonds.
2 min read25 Jun 2025Malabar Gold & Diamonds weighs entry into lab-grown diamond segment
The $6.2 billion jewellery retailer is studying consumer preferences as it explores a differentiated play in the emerging lab-grown diamond market
3 min read28 May 2025India’s diamond market to double in five years, says De Beers Group Global CEO
De Beers India’s managing director Amit Pratihari said the company’s expansion plans are well on track, with four new stores set to open this year–two in Mumbai and two in Delhi.
3 min read22 May 2025Why lab-grown diamonds are booming in India—and what’s driving first-time buyers to skip mined stones
Once seen as a compromise, lab-grown diamonds are fast becoming mainstream in India—thanks to falling prices, changing consumer tastes, and a wave of first-time buyers looking beyond tradition.
5 min read29 Apr 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared