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Madhya Pradesh’s Panna diamonds, get GI tag

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Madhya Pradesh’s famed Panna diamonds, have now gained global recognition with the award of a Geographical Indication (GI) Tag. This certification will protect their unique identity and ensure that diamonds from Panna—the only diamond-producing district in India—are marketed worldwide as premium, authenticated natural gems under the name ‘Panna Diamond’.

The GI tag has been granted under the Natural Goods Category, affirming the distinctiveness of these diamonds. In Panna, mining leases are issued on both government and private land, with plots typically measuring 8×8 metres. Once recovered, the diamonds are submitted to the district diamond office for auction. Buyers from major centres such as Gujarat, Mumbai, Delhi, and Hyderabad participate, with the government levying roughly 12% of the final sale value as revenue.

The GI tag, granted after a process initiated on June 7, 2023, is expected to revolutionise the local diamond industry. Experts believe it will enhance transparency, quality assurance, and global recognition, creating new employment opportunities in mining and benefiting thousands of families.The tag will also expand export prospects, driving a substantial increase in state revenue.

The local administration and industry experts assert that the GI tag will carve a unique niche for Panna in the international market, reinforcing its legacy as a gemstone hub.The people of Panna are jubilant as their long-pending demand has been fulfilled.With this recognition, the district is poised to reclaim its glory on the global map, much like the dazzling diamonds unearthed from its mines.As Panna diamonds sparkle brighter than ever, the GI tag promises economic prosperity, cultural pride, and a radiant future for the regio

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DiamondBuzz

Natural Diamond Market Defies Demand-Supply Dynamics As Prices Continue To Fall

The Diamond Market Continues To Defy Basic Supply-and-Demand Dynamics, Weighed Down By Structural Shifts In Consumer Behavior and Persistent Macroeconomic Pressures.

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According to figures from the Kimberley Process, global rough diamond production fell 8% in 2025 to 98.8 million carats, down from 107.9 million carats in 2024. The output marks a significant milestone in the ongoing contraction of the natural diamond mining sector, placing global supply approximately one-third lower than its 2017 high.

De Beers, the world’s premier diamond mining company by value, underscored the depth of the slump in its recent financial disclosures. The industry giant reported that its average realized rough diamond price plummeted 32% in the first half of 2026, falling to $105 per carat.

Under traditional economic principles, a tightening supply chain typically drives prices upward. Yet, the diamond market continues to defy basic supply-and-demand dynamics, weighed down by structural shifts in consumer behavior and persistent macroeconomic pressures.

Industry analysts attribute the sustained drop in realization prices to a confluence of headwinds: Rise of Lab-Grown Alternatives:

Persistent Market Pressures: Changing Consumer Priorities:

With natural supply reaching historic lows and prices remaining under heavy pressure, miners and industry stakeholders face unprecedented pressure to re-calibrate their market strategies and re-establish the value proposition of natural gems in an evolving retail landscape.

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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.

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