Proving that the Indian diamond industry’s interest in lab-grown diamonds is fully established, India exported $445M worth of these polished stones in 2019. But can India maintain this growth rate?
Polished Diamond Prices Rise in January
Wholesale polished diamond prices rose in January in response to improved demand and lower wholesaler inventories. Wholesale prices of 1-carat round diamonds rose 3.7% MoM in January. US jewelry sales popped up 4.4% YoY in December, capping a slow year with sales rising just 0.7%.