India’s gross monthly polished diamond exports declined by 23% year-on-year in June, amounting to $779 million, according to the latest data released by the Gems and Jewellery Export Promotion Council (GJEPC).

While the drop continues the downward trajectory seen over the past two years, the June decline was less severe than May, when exports fell by 35.5%, from $1.47 billion in May 2024 to $950 million—one of the steepest falls in recent memory.

India’s polished diamond exports have faced sustained pressure since 2022, with weakened consumer sentiment in major markets like the United States and China driving demand down. For the fiscal year 2024–25, exports declined 16.8% to $13.3 billion, marking the sector’s lowest performance in nearly two decades.

The latest data also highlights a 5% decline in rough diamond imports for the April–June quarter, signaling a cautious buying approach amid global market uncertainty.

While the overall gems and jewellery sector also experienced a downturn, it fared slightly better than diamonds alone, registering a 14.1% year-on-year decline in revenue.

Rahul Desai, MD & CEO of the International Institute of Gemology (IIG), known for his transformative leadership and foresight in the jewelry business, officially announces the launch of RD Consultancy, a dedicated jewelry business growth consultancy. With a specialized focus on Product Planning, People Management, Brand Pulse, and Placement Strategy; RD Consultancy is positioned as a holistic partner for jewelry businesses looking to evolve, scale, and lead in an increasingly competitive landscape. This new venture marks a significant evolution in his multifaceted career, adding to his legacy as a strategist, educator, and trusted advisor within the industry.

With more than two decades of experience spanning manufacturing, retail, branding, and digital integration, Rahul Desai has played a pivotal role in elevating both B2B and B2C jewelry enterprises. Through RD Consultancy, he now brings this depth of experience into a formal structure designed to guide businesses through real, scalable transformation. The consultancy is built on a singular promise: to help jewelry brands move from vision to execution with strategic clarity and operational precision.

“In my experience,” Rahul Desai shares, “many entrepreneurs have the ambition and potential, but they often lack the framework to convert that into sustained success. RD Consultancy offers that missing blueprint. Whether it’s about building from scratch, navigating a market shift, or unlocking the next level of growth, we help bridge the gap.” The consultancy also supports businesses transitioning across models, from B2C to B2B or D2C, and into e-commerce, with strategies tailored to today’s dynamic consumer and trade landscapes.

Rather than offering off-the-shelf solutions, RD Consultancy approaches each project with a bespoke customized strategy. From recalibrating growth plans to streamlining teams and operations, from reimagining merchandise assortments to building compelling brand narratives, the focus remains on long-term value creation. Its solutions are insight-driven and outcome-oriented, ensuring clients don’t just keep pace, but lead.

Over the years, Rahul Desai has already been the silent force behind several successful turnarounds and brand evolutions. Now, with the official launch of RD Consultancy, this expertise becomes accessible to a wider audience ready to take their jewelry business to the next level.

For more information on RD Consultancy, visit www.rahuldesai.in and learn how it can help transform your jewelry business. You can also contact: rahul@iigindia.com and +91 98207 17183 for more information. 

Your sister’s been your built-in best friend, your secret-keeper, and sometimes… your biggest critic. But she’s always been yours. This Rakhi, ditch the cliché gifts and surprise her with jewellery that matches her sparkle and your budget.

Introducing GIVA’s Gold-Studded Lab-Grown Diamond Collection – crafted in solid gold and embedded with ethically grown diamonds, these designs are perfect for the sister who loves modern elegance with a hint of sentiment. Under ₹25,000, these picks balance luxe aesthetics and wearable style – timeless gifts for the woman who’s seen you at your worst and still chose to love you.

Gold Dearest Deer Diamond Necklace

A whimsical design that blends innocence and sparkle, this diamond-studded deer pendant is made for the sister who brings out your inner child. Its minimal silhouette and fine detailing make it perfect for daily wear or layering.

Why she’ll love it: It’s dainty, playful, and gold – just like her.

Gold Glowing Sphere Diamond Hoop Earrings

These aren’t your average hoops. With a diamond sphere that catches light at every angle, they’re subtle yet stunning – ideal for the sister who wears her confidence effortlessly.

Why she’ll love it: They go from Zoom calls to dinner dates without skipping a beat.
 

Gold Forever Knot Diamond Ring

Symbolising your unbreakable bond, this elegant knot ring is set with sparkling lab-grown diamonds and sculpted in fine gold. A meaningful piece that’s stylish and sentimental.

Why she’ll love it: It’s the promise of forever – in a ring.

 

Gold Endless Circle Diamond Bracelet

Classic and contemporary, this diamond bracelet in gold features a circle – representing infinity, wholeness, and sisterhood. It’s lightweight, adjustable, and loaded with love.

Why she’ll love it: It’s sleek, stackable, and seriously special.

Gold Yaprak Diamond Earrings

Inspired by the elegance of falling leaves, these nature-inspired diamond earrings are the perfect gift for a sister with an eye for design. Sculpted in gold and set with lab-grown diamonds, they strike a balance between organic beauty and modern luxury.

Why she’ll love it: Artistic, lightweight, and full of charm – just like her vibe.

Can’t decide on just one? Dive into our complete lab-grown diamond edit crafted in gold – a range full of thoughtful gifts that’ll make her heart skip a beat (and her jewellery box very happy).