Diamond production volume in India FY 2012-2020

The production volume of diamonds in India totaled over 20 thousand carats in the fiscal year 2020. Although this was almost half of the previous year, India remains the only Asian country that mines diamonds. This was the second-lowest production volume in the last nine financial years. The diamond mining region lies within the state of Madhya Pradesh.

Industry overview

Since early times, India has been known for its diamond. The gems and jewelry sector contributed about seven percent to the country’s gross domestic product (GDP), and more than four million workers were reported to work in this sector in the year 2019. The diamond industry in India is principally involved in the process of cutting, polishing, and exporting diamonds. India is a world leader in the manufacturing of cut and polished diamonds. To support the diamond industry, the government of India has relaxed duties on the import of diamonds. The value of rough diamonds imported into India has increased. Within the jewelry sector, out of every ten diamonds that were used, nine of them came from India.

Market overview

The demand for diamonds was expected to increase with time. Increasing disposable income would lead to growth in demand. Indian consumers who prefer gold jewelry, have witnessed a push from jewelry retailers. They have provided the consumers with a platform to educated them about the different aspects of diamonds such as cut, clarity, color, and carat.

Volume of diamond production in India from financial year 2012 to 2020

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Sources

Release date

March 2020

Region

India

Survey time period

FY 2012 to FY 2020

Supplementary notes

*Provisional value from April-December 2019.
India's financial year starts in April and ends in March. For example, FY2019 started in April 2018 and ended in March 2019.
Values have been rounded.
Data from previous reports has also been used.

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