Morning Bites

💎India’s rough diamond net imports were down 49% YoY in February, vs. the -37% YoY the January. Meanwhile, polished diamond net exports slid 21% YoY. Synthetic rough diamond net imports also decreased 59% YoY. The share of lab-grown net rough imports in total trading stood at 7%

Although GJEPC has recently noted the looming recovery in the diamond industry, market participants confirm still high midstream inventories in early-2025. Hence, the potential diamond market recovery might take longer than we had initially anticipated

India accounts for ~95% of the world's polished stone supply

#diamonds  
https://metals-wire.com/sector/Diamonds