India’s diamond industry is cautiously celebrating as a flicker of hope emerges from China. 🇨🇳✨ After years of slumping exports — nearly halving from over $6.5 billion in 2021 to around $3.3 billion in 2024 — a quiet revival may be underway.
🛍️ The spark? Chinese jewelry chains have introduced diamond buyback schemes, offering guaranteed value and reviving diamonds as a trusted luxury and investment item. Foot traffic and buyer interest are ticking upward.
💡 In 2025, smaller natural diamonds are gaining traction again, especially among younger, urban consumers at Hong Kong trade shows. India's exporters — who polish over 90% of the world’s diamonds — are now preparing for a rebound just in time for China’s wedding season.
📉 But not all that glitters is gold. Challenges linger: global competition, lingering economic jitters, and a consumer shift toward cheaper stones and gold remain headwinds.
Still, many believe the worst may be over. If China’s momentum holds, India may ride this wave into a stronger year-end finish.