Diamond Market size in India | Market Size & Expansion Trends 2026

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

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

India 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.

Major Companies in the India Diamond Market

• De Beers India
• Forevermark
• GJEPC (Gem & Jewellery Export Promotion Council)
• Kira Diam
• Greenlab Diamonds
• Limelight Lab-Grown Diamonds
• Tanishq
• Malabar Gold & Diamonds
• CaratLane
• PC Jeweller
• Reliance Jewels

List of Leading Companies in the India Diamond Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Rosy Blue (India) Pvt. Ltd

Rosy Blue is a globally recognized diamond manufacturing and trading company with a strong reputation for ethical sourcing and quality.

2. Kiran Gems Pvt. Ltd

Kiran Gems is one of the world's largest manufacturers of natural polished diamonds, known for its scale, cutting-edge technology, and commitment to precision craftsmanship.

3. Hari Krishna Exports Pvt. Ltd

Hari Krishna Exports is a leading exporter of cut and polished diamonds, offering consistent quality and a wide variety of sizes and shapes.

4. Venus Jewel

Venus Jewel is a renowned specialist in high-end solitaire diamonds, known for its transparency, grading accuracy, and trust in global markets.

5. Sheetal Group

Sheetal Group is a major player in diamond manufacturing and distribution, with expertise in both natural and lab-grown diamonds.

6. Dimexon Diamonds Ltd

Dimexon Diamonds is a vertically integrated company known for sustainable practices, ethical sourcing, and precision diamond cutting.

7. Shree Ramkrishna Exports Pvt. Ltd (SRK)

SRK is a prominent manufacturer and exporter, recognized for its advanced diamond processing facilities and high-quality products.

8. J.B. And Brothers Pvt. Ltd

J.B. And Brothers is known for producing finely crafted diamonds for global markets, offering a range from small stones to large solitaires.

9. KGK Group

KGK Group operates across the diamond value chain, from sourcing to cutting and retailing, with a strong international footprint.

10. Blue Star Diamonds Pvt. Ltd

Blue Star Diamonds is a leading supplier of polished diamonds, serving major jewelry brands worldwide with consistent quality standards.

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