India's polished diamond exports hit two-decade low, industry group says
India's polished diamond exports hit two-decade low, industry group says
MUMBAI, April 14 (Reuters) - India's exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024/25 fiscal year, which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday.
India is the world's largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally. But it is sensitive to economic uncertainty - particularly in the U.S., its biggest market.
