Polished diamond exports hit two-decade low

India's exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the financial year 2024-25 (FY25), which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday.

- REUTERS

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 US, its biggest market. Cut and polished diamond exports, which usually account for nearly half of ov