Morning Bites (part 2)

💎India’s rough diamond net imports were flat YoY in April, vs. the -5% YoY in March. Meanwhile, polished diamond net exports inched down 1% YoY. Synthetic rough diamond net imports jumped 58% YoY. Lab-grown net rough imports accounted for 8% of total trading

We maintain our view that it might take longer than we had originally anticipated for the global diamond market to recover, given the still high midstream inventories in early-2025. Meanwhile, further de-escalation of the US-China trade war (jointly, they account for ~65% of the world gem-set jewellery trade), if materialised, might become a favorable factor for consumer confidence

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

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