Expected decline in the diamond industry, impacting US tariffs and the LGD challenge
ICRA: According to the ICRA report, the Indian diamond industry is likely to decline in FY 2026. It will be under pressure due to weak global demand, increasing competition from lab-grown diamonds (LGD), and US tariffs. Cut and polished diamond (CPD) exports are expected to decline by 7 to 10%.
Latest Posts