Morning Bites

💎India’s rough diamond net imports decreased 14% YoY in January, vs. the 17% YoY growth in December. Meanwhile, polished diamond net exports dropped 16% YoY. Synthetic rough diamond net imports declined 8% YoY. Lab-grown net rough imports accounted for 15% of total trading in value terms

In our view, implementation of the recent US-India trade agreement would be marginally positive for the diamond market in terms of trading activity; however, we maintain our outlook that it might take time for the global diamond market to recover, given risks to supply discipline in 2026

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

#diamonds