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India becomes 2nd largest diamond mkt, crosses China
The New Indian Express Kalaburagi
|January 08, 2025
BUOYED by the robust growth that has catapulted the country as the world's second-largest diamond market overtaking China in 2024, apex trade promotion body Gem & Jewellery Export Promotion Council (GJEPC) expects the domestic diamond industry to double by 2023 to become a $17 billion industry, while the overall gems and jewellery market will touch $130 billion by then from $85 billion in 2024.
Currently, the domestic natural diamonds market is only about $8.7 billion or about a tenth of the $85-billion gems and jewellery industry, while the lab-grown diamonds are about $2 billion most of which are exported, Vipul Shah, the GJEPC chairman, told TNIE here Tuesday.
यह कहानी The New Indian Express Kalaburagi के January 08, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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