Diamond Market size in India | Market Size & Expansion Trends 2025

Q: What is the size and growth rate of the Diagnostic Market size in India?

India Diagnostic Market is growing rapidly at a CAGR of approximately at 3.7%.

Q: What factors drive the overall growth of the diamond market in India?

Key drivers include expanding urbanization, rising wedding-related purchases, increased accessibility of diamonds in Tier-II/III cities, and the growing availability of lab-grown alternatives.

Q: What are the major challenges in the Indian diamond market?

Export dependency, price volatility in the global rough diamond market, and growing global regulations on ethical sourcing remain key challenges.

Q: Which regions are expected to lead in market share?

Surat and Mumbai dominate the processing and trading ecosystem, while cities like Bengaluru, Delhi, and Hyderabad are witnessing rapid retail growth.

Q: What is the impact of technology in the diamond industry?

AI and blockchain technologies are transforming diamond authentication, traceability, and consumer trust, particularly in luxury and branded segments.

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Code: MTA4455

Publication Date: Jun 2025

What is the size and growth rate of India Diamond Market?

According to 6Wresearch internal database and industry insights, the Diamond Market size in India is expanding rapidly at a CAGR of around 3.7%.

This growth is mainly inspired by India's dominance in the Global Diamond Processing Supply Chain, causing an increase in domestic demand for diamond ornaments in Tier-II and Tier-III cities, and due to increasing laboratory-developed diamonds (LGDs) for both cost and stability.

India Diamond Market Key Growth Factors

Extension of middle class and rising disposable income of India
Increase in demand from small cities and small consumer segments
India's major role in global diamond cuttings and polishing (Surat procedures ~ 90%of the world's diamond)
Increasing popularity of laboratory-developed diamonds among morally conscious buyers
Strategic government initiative and industry investment supporting domestic trade and exports

ndia Diamond Market Trends

The India Diamond market is expected to grow significantly, with gradual changes towards domestic consumption amid global export recession. The significant value in the sale of natural diamonds continues, but labs are witnessing rapid adoption due to diamonds strength, visual equity and environmental appeal. Jewelry retail vendors are rapidly offering both segments to complete diverse consumer preferences. Meanwhile, AI-Interested traceability tools and QR code tagging are improved in transparency and consumer trusts, especially in luxury jewelry section.

Emerging Developments in the Diamond Market size in India

Diamond market in India is undergoing remarkable innovation and structural changes. Lab-Grown Diamonds are gaining momentum, in which significant investment in high-pressure high-paint (HPHT) and chemical vapor deposition (CVD) technologies. Educational and research institutes such as IIT-Madras are collaborating with the industry to expand laboratory-developed diamond applications beyond jewelry, including electronics and quantum computing. Additionally, industry-wide initiatives such as AI-operated traceability and mine-to-market tracking are strengthening consumer confidence in both natural and synthetic diamond segments. Domestic branding efforts are also being ramped to offset slow exports and to build long -term customer loyalty within India.