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Post #2295 140
Morning Bites

💎India’s rough diamond net imports were up 16% YoY in September, vs. the +14% YoY in August. Meanwhile, polished diamond net exports rose 7% YoY. Synthetic rough diamond net imports rose 36% YoY. Lab-grown net rough imports accounted for 9% of total trading

We maintain our view that it might take time for the global diamond market to recover, given the still high midstream inventories in 2025 and new trading disruptions (the US raised import tariffs on India’s goods to 50% from late August)

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

#diamonds
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