Key Highlights
Even until the eighteenth century, rare natural diamonds could only be found in India. Furthermore, the legendary Golconda mines produced some of the greatest diamonds ever, bearing witness to historic occasions that changed the course of history for the nation.
India, often referred to as the "World's Cutlery," has carved an important niche for itself in the global diamond export business. Saying that India is the source of the diamond's radiant shine would not be an exaggeration. Almost 75% of the polished diamonds in the world are exported from this nation. Due to its proficiency in the cutting, polishing, and trading of diamonds, the country is a major participant in the market.
However, exporting is a very broad concept, and before beginning an export business, an exporter must undertake extensive preparation, like obtaining statistics on diamond export from India, the diamond exporters and importers list, and other emerging trends. Here in this guide, we will provide a brief overview of India's diamond export market with relevant statistics like diamond exporters in India and much more.
Yes, in India, the import and export of gold have proven to be a successful business venture. It is due to the fact that Indians use gold in a variety of rituals, transactions, marriages, and other events. Indians cherish it as a priceless resource for prosperity and financial balance.
Starting a gold business that produces bars, coins, and jewelry is a profitable business idea, especially given the rapidly rising demand for gold in India.
However, traders have a lot of obstacles to overcome. Many traders in India give up after beginning their trade business because they need more market knowledge: insights reports, an actual buyer list, and an importer list. However, we are here today to assist traders from all over the world to explore the actual shipment data and statistics on diamond export from India on our exclusive platform.
India's diamond and jewellery exports experienced a significant decline in fiscal year 2024-25, falling by 11.72% to $28.5 billion. Here is the updated data on diamond jewellery export value from India in 2025:
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Components
|
Value |
| Total Gems & Jewellery Exports | US$ 28.5 Billion |
| YoY Growth | NA |
| Cut & Polished Diamonds Share | 46–50% of total exports |
| Estimated Diamond Jewellery Export Value | US$ 13–14 Billion |
| Key Export Markets | USA, Hong Kong, UAE, Belgium |
| Industry Trend | Declining |
Source: reuters.com
The value of India's cut and polished diamond exports to the US in the fiscal year 2024 was 15.97 billion, according to diamond export data.
Key Insights of Diamond Export from India:
|
Diamond jewellery export from India |
Diamond export data |
|
Total diamond export shipments |
14,955,928 bill of ladings |
|
Total Importing Countries |
201 |
|
Total buyers |
91,288 |
|
Total suppliers |
21,910 |
|
Major Diamond Exporters in India |
Sanghvi & Sons, Kiran Gems, and Hari Krishna Exports. |
Based on diamond export data, India exported 3,742,248 shipments of diamonds between March 2023 and February 2024 (TTM). 8,350 Indian exporters sent these goods to 38,936 buyers, representing a growth rate of -18% over the previous 12 months.
|
Metric |
Value |
Year-over-Year Growth |
|
Total Shipments |
3,742,248 |
-18% |
|
Exporters |
8,350 |
N/A |
|
Buyers |
38,936 |
N/A |
|
Shipments in February 2024 |
315,523 |
-12% |
|
Sequential Growth (Jan 2024 to Feb 2024) |
18% |
N/A |
During this time, 315,523 diamond export shipments from India were made in February of 2024 alone. It is 18% sequential growth from January 2024 and -12% year-over-year growth from February 2023.
Also, the United States, United Arab Emirates, and Hong Kong get the majority of India's diamond exports.
However, the top three exporters of diamonds are India, China, and Vietnam. India leads the world in diamond exports with 14,955,928 shipments, followed by China with 499,577 shipments, and Vietnam takes the third spot with 275,775 shipments.
Did you know? In 2023, the total value of diamond exports from all nations combined was US$98.9 billion. Since 2019, when global diamond shipments were valued at $114 billion, the value of diamonds exported worldwide has decreased by an average of -13.3% for all exporting nations.
Let’s explore the top top diamond exporting countries or diamond exporters below:
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So, these are the biggest diamond exporters worldwide. In terms of value, the ten nations on the list accounted for 95.6% of all diamond exports worldwide in 2023.
Among the leading exporters, Namibia (up 20.5%) and Hong Kong (up 4.2%) had the fastest rates of growth for diamond exports since 2022.
Russia (down 53.1% from 2022), the United Arab Emirates (down 47.8%), Botswana (down -40.1%), Israel (down 39.6%), and Belgium (down 26.7%) were the top five nations reporting drops in their export sales of diamonds.
The primary export markets for Indian diamonds are shown in the table below.
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Thus, these are the primary markets for Indian diamond exports. The United States is the primary export destination, with an export value of $9.75 billion. Other significant export sources include the UAE, Thailand, Belgium, Hong Kong, etc. Also, to know the exact statistics of each global country's diamond jewellery export from India, visit Seair Exim Solutions today.
Now, explore the list of diamond exporters in India!
Below is the list of diamond export companies in India.
Note: The diamond industry is always evolving, and the list of major exporters may change over time. It's always recommended to check recent industry reports or trade insights like diamond export from India, diamond exporters in India, diamond HS codes, etc.
Today, the Indian diamond industry dominates all the processes involved in the value chain, from manufacturing to cutting and producing refined diamonds. Also, India is a major player in the precious gem industry, employing over a million people in the buying, cutting, polishing, trading, and exporting of diamonds.
The Indian diamond business is successful, but it still faces obstacles like changes in the demand for diamonds around the world and international competition. There are, nevertheless, a lot of chances for improvement. India has a new market to enter thanks to the growing demand for lab-grown diamonds, and the nation's proficiency with traditional diamond cutting can be used to meet this trend. Also, accurate and updated export and import data reports will help traders worldwide to expand their businesses. Seair Exim Solution is a prominent player in the export-import industry and provides valuable insights like diamond export data, a list of diamond export from India, diamond exporters in India, etc.
Thus, India has a variety of roles in the international diamond export industry. Because of its long history, highly qualified labor force, and advantageous political climate, the nation is a major player in the sector.
Also, India is in a strong position to take advantage of new opportunities and hold its position as the world leader in the diamond market as it continues to change. However, do you still have any queries related to diamond export from India, Diamond exporters in India, or are you looking at the list of diamond exporters or importers? Connect with our data specialist and book a free live demo today!
1. Which country exports diamonds from India?
The major export destinations for Indian diamonds are the United States, Hong Kong, and Belgium. United Arab Emirates, Thailand.
2. Who is the largest exporter of diamonds?
Based on diamond export data, the largest exporter of diamonds in the world is India, with an export value of US$18.2 billion.
3. Who is the biggest diamond dealer in India?
The leading producer of natural polished diamonds in the world and India, Sanghvi & Sons sets records for both the volume of its business and its quality.
4. Who is the largest buyer of diamonds?
As per diamond import data, the largest buyer of diamonds is India, with the import volume of $22 billion in 2023. Looking for diamond exporters in India? Connect with our platform today.
5. What are the top 5 diamond-producing countries?
The top five diamond producing countries are Russia, Botswana, Canada, Africa, and Australia.
6. Who is the largest diamond export company in India?
Sanghvi & Sons is the largest diamond export company in India.
7. India imports diamonds from which country?
India imports diamonds from various countries, with major sources including the United Arab Emirates, Belgium, and Hong Kong
Diamond export from India to UAE
Diamond export from India to Belgium
Diamond export from India to the USA
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