DiamondBuzz
India’s polished diamond exports decline 16.8% in FY2024–25
India’s polished diamond exports fell sharply by 16.8% in the fiscal year ending March 2025, totaling $13.29 billion, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC). This marks one of the weakest annual performances for the sector in the last two decades, although not the lowest on record—as has been mistakenly reported in some outlets. The lowest figure in recent history remains $12.3 billion in 2005, following $10.3 billion in 2004. In comparison, polished diamond exports for FY2023–24 stood at $15.97 billion.
The broader gem and jewellery export sector also saw a significant downturn. Total exports for FY2024–25 declined by 11.7% to $28.5 billion, the lowest level in four years. Industry leaders have attributed the slump to multiple global challenges, including softening demand in India’s primary export markets—the United States and China—amid ongoing geopolitical uncertainties.
However, recent monthly data suggests the downturn may be stabilizing. Polished diamond exports in March 2025 registered a marginal year-on-year dip of just 0.76%, amounting to $1.16 billion. Meanwhile, total gem and jewellery exports for the month posted a modest 1% growth, reaching $2.58 billion. These signs of resilience have sparked cautious optimism that the sector may be on the path to recovery.
According to Sodiam, Angola’s state-owned diamond marketing and sales body, the country exported 23,300 carats of polished diamonds during the year, marking a 127% increase over 2024. Export revenues also rose sharply, climbing 107% to $109.7 million.
However, the average price per carat declined by 9% to $4,706, reflecting challenging global conditions driven by rising demand for synthetic diamonds and an oversupply of natural polished stones.
A significant contributor to the overall performance was a 176% surge in polished-diamond exports from Indian major KGK’s manufacturing facility in Angola, which provided a notable boost to both volumes and value.
Commenting on the performance, Sodiam highlighted that despite global market shifts, the 2025 results underline the resilience of Angola’s diamond sector. The company also reiterated the importance of strengthening local beneficiation as a key strategy to enhance value creation and ensure long-term sustainability of the industry
Angola’s Polished Diamond Exports Jump 127% in 2025 Amid Challenging Market Conditions
Zen Diamond redefines romance with its Valentine’s Day collection
GJEPC Calls for Major Concessions from Upcoming India-EU FTA to Gain Market Access and Double Gem & Jewellery Trade to 10 billion US dollars
Ranbir Kapoor Joins PNG Jewellers as the new Ambassador, Ushering in a New Chapter of Legacy and Modernity
Aimee Baruah Opens Grand Showroom of Manik Chand Nand Kishore Jewellers in Dibrugarh
Bakul Limbasiya Receives Prestigious APO National Award for LGD Pioneering
-
BrandBuzz5 days agoRanbir Kapoor Joins PNG Jewellers as the new Ambassador, Ushering in a New Chapter of Legacy and Modernity
-
New Premises5 days agoAimee Baruah Opens Grand Showroom of Manik Chand Nand Kishore Jewellers in Dibrugarh
-
National News5 days agoBakul Limbasiya Receives Prestigious APO National Award for LGD Pioneering
-
Appoinment5 days agoTiffany & Co. Strengthens Leadership with David Ponzo as Deputy CEO
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.