Posts

Showing posts from September, 2024

India's Dominance in the Global Diamond Export Industry A Comprehensive Overview

Image
  India has long held a prominent place in the global diamond trade, a legacy rooted in its rich history of mining and craftsmanship. Even before the eighteenth century, the country was renowned for producing rare and exquisite diamonds, particularly from the legendary Golconda mines. Today, India continues to shine as a key player in the global diamond market, cutting, polishing, and exporting the majority of the world’s diamonds. In this article, we will explore diamond export from India , key trends in the industry, and insights into why India remains a leader in the global diamond market. The Indian Diamond Industry: An Overview India, often referred to as the "World’s Cutlery" of diamonds, is responsible for cutting and polishing nearly 75% of the world's diamonds. Indian craftsmanship and precision in diamond cutting and polishing have earned it a unique niche in the global market, positioning the country as a major exporter of polished diamonds. In the fiscal ye