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Post #2482 149
Morning Bites

💎India’s rough diamond net imports rose 8% YoY in February, reversing from the 14% YoY decline in January, per GJEPC data. Meanwhile, polished diamond net exports were flat YoY. Synthetic rough diamond net imports jumped 59% YoY (mainly due to the low base effect). Lab-grown net rough imports accounted for 10% of total trading in value terms

According to Rapaport, the ongoing conflict in the Middle East has disrupted diamond trading in the UAE and Israel (major hubs), with some auctions being postponed. We maintain our view that it might take time for the global diamond market to recover, especially given risks to supply discipline in 2026

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

#diamonds
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