Morning Bites

💎India’s rough diamond net imports were down 5% YoY in March, decelerating from the -49% YoY in February. Meanwhile, polished diamond net exports rose 6% YoY. Synthetic rough diamond net imports plunged 33% YoY. Lab-grown net rough imports accounted for 4% of total trading

Although GJEPC had noted a looming recovery in the diamond industry, market participants emphasised that midstream inventories were still high in early-2025. Meanwhile, Indian diamond exporters now expect the new escalation in the US-China trade war to affect buyer confidence, at least in the short term. 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