DiamondBuzz
Natural Diamonds See Surge in Demand in India as Prices Drop 30%
Indian Consumers Rush to Buy Diamonds Amid Price Dip, While Lab-Grown Trends Impact Global
Indian consumers are seizing the opportunity to purchase natural diamonds as prices have fallen by around 30%, dropping from ₹5 lakh per carat in 2022 to ₹3.5 lakh. This price drop has sparked a wave of demand, especially as the cost of gold and silver continues to rise. With consumers increasingly turning to diamonds as an investment, the market for natural diamonds is seeing a notable rebound.
Globally, the rising popularity of lab-grown diamonds in the US and reduced purchases from China are contributing to the price fluctuations. Despite these trends, Indian jewellery manufacturers are adjusting to the higher demand for diamond-studded jewellery, meeting the needs of consumers eager to capitalize on the price drop. As the market shifts, the dynamics of diamond buying are changing rapidly in the face of global economic factors.
Israel’s diamond industry is facing an “existential threat” after the US zero-rated polished diamond imports from the EU, but retained the 15 per cent tariff on Israeli goods. Israel’s once-thriving diamond industry is already reeling from the global downturn and the impact of two years of war against Hamas in Gaza.
Net exports of rough and polished diamonds fell 23 per cent year-on-year during January to August 2025 (from $2.1bn to $1.6bn) according to Israeli government figures.
Nissim Zuaretz president of the Israel Diamond Exchange called on Israel’s government to challenge the US tariffs, which give Antwerp and other European suppliers a huge advantage over his country.
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India’s Lab-Grown Diamond Exports Reach Record High in 2025
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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.