India Diamond Market Size & Outlook, 2024-2030
India diamond market, 2018-2030 (US$M)
Related Markets
India diamond market highlights
- The India diamond market generated a revenue of USD 3,264.2 million in 2024 and is expected to reach USD 4,053.3 million by 2030.
- The India market is expected to grow at a CAGR of 3.7% from 2025 to 2030.
- In terms of segment, jewelry & ornaments was the largest revenue generating application in 2024.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
Diamond market data book summary
| Market revenue in 2024 | USD 3,264.2 million |
| Market revenue in 2030 | USD 4,053.3 million |
| Growth rate | 3.7% (CAGR from 2025 to 2030) |
| Largest segment | Jewelry & ornaments |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Jewelry & Ornaments, Industrial |
| Key market players worldwide | Petra Diamonds Ltd, Rio Tinto PLC ADR, Trans Hex, Lucara Diamond Corp, Alrosa, De Beers, Mountain Province Diamonds Inc, Arctic Canadian Diamond Company, Gem Diamonds Ltd |
Other key industry trends
- In terms of revenue, India accounted for 7.9% of the global diamond market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China diamond market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,254.5 million by 2030.
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Diamond Market Scope
Diamond Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India diamond market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diamond market will help companies and investors design strategic landscapes.
Jewelry & ornaments was the largest segment with a revenue share of 96.05% in 2024. Horizon Databook has segmented the India diamond market based on jewelry & ornaments, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
India is the largest market for diamond polishing in the world. Surat, in the state of Gujarat, is known as the diamond polishing hub of India given the presence of over 3,500 diamond processing units in the city.
Furthermore, Mumbai, in the state of Maharashtra, is a key center for cast and diamond set jewelry in the country. Although India is a major processing and trading center for diamonds, the Indian market accounted for a small revenue share of 4.1% in the overall diamond market in 2018.
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Target buyers of India diamond market databook
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Our clientele includes a mix of diamond market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India diamond market , including forecasts for subscribers. This country databook contains high-level insights into India diamond market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India diamond market size, by application, 2018-2030 (US$M)
India Diamond Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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