Indian CPD exports to contract by 18-19 pc in FY25; sector outlook remains negative: Report

Cut and polished diamond exports from India are projected to decline by 18-19% in 2024-25 due to reduced demand in the US and China. The downturn is driven by inflationary pressures, changing consumer preferences, and competition from lab-grown diamonds. Despite the festive season, high inventory levels continue to pressure prices.