India's polished diamond exports hit two-decade low in FY25

Gems and Jewellery Export Promotion Council said that India's cut and polished diamond exports hit a "near" two-decade low in FY25 due to weak demand from US and China. It added that the cut and polished diamond exports, which usually account for half of overall gem and jewellery shipments, fell 16.8% YoY. The decline impacted overall gem and jewellery exports.