Diamond Exports from India in 2017 – Diamond Industry in India

06 July 2018

India is the top diamond exporter country in the world after the United States. Diamond export from India to the global market worth USD 18.10 billion in 2017 and accounted for 15.3% value of the total export sales. Hong Kong and USA are the biggest diamond export destinations of India. India is the third largest diamond consumer in the world and accounting for 8% share of the total global consumption.

Diamond is the top export product of India after petroleum oil which records highest dollar amounts. It can be said that India has the world’s biggest diamond industry. The Indian government has created export promotion zones and special economic zones in order to help and promote the export of this industry. Let’s take a look at the highlights of diamond exports.

          ·         India exports over 90% of its cut & polished diamonds.

          ·         Also, India exports 75% of the world’s polished diamonds.

          ·         India exports of cut & polished diamonds stood at USD 22.78 billion during FY 2016-17.

          ·         It has exported USD 21.71 billion worth of cut & polished diamonds between April 2017 and February 2018.

Export Genius has released a market research report on diamond export from India. It covers all the shipment details and analysed on the basis of variety, export partners, ports, market trends, exporters and much more.

India Diamond Export Statistics of Last Five Years

India was the biggest diamond exporter for a long time and USA replaced it in 2017 with a minor difference. According to diamond export data, India export sales of diamond have been declined by 25% of value during 2016-17. However, the export sales were decreased by 9% of value between 2013 and 2017. Refer the table below and know the diamond export statistics.

Diamond Industry in India

The diamond industry in India is rated amongst the fastest diamond growing markets in the world and the size of the industry worth about INR 6000 crores. It has been contributing in a big way to the foreign exchange earnings of the country. Indian government has viewed the sector as a thrust area for export promotion and currently allows 100% FDI (foreign direct investment) in this sector through the automatic route.

India is biggest cutting and polishing centres for diamonds in the world, with the cutting polishing industry being well supported by government policies. It is planned to set up an international diamond exchange in Surat by 2020. This will enable the fragmented and unorganised diamond polishing and trading industry to organise itself at one place. Diamond market in India has its origin in the places of Gujarat where most of the processing facilities are installed. Surat along with Navsari, Bhavnagar and Amreli are known as the diamond manufacturing hub whereas Mumbai is the diamond trading hub.

India’s Top 5 Diamond Export Partners

India is exporting diamond to more than 70 countries around the world including Hong Kong, USA, Belgium, UAE, Israel, Thailand, Singapore, Japan, China, Australia and United Kingdom. As per diamond export statistics, except China, India has recorded trade deficit with most of its top export partners during last year. Diamond export from India to Hong Kong worth USD 7102 million in 2017 which represented 39.2% of the total value. India’s diamond export to the United States worth USD 5393 million and represented 29.8% of the total export sales in the said year. Let’s check the below table to know export values of India’s top export markets recorded during 2017.

List of Diamond Exporters in India

A large number of diamond companies in India are exporting to the foreign countries across the world. Some of them are given below.

             ·         Shri Ambika Udyog

             ·         Ranujee Jewellers

             ·         New Novelty Agate Exporters

             ·         DDR International

             ·         Shree Enterprises

             ·         Vraj Impex

             ·         Arshil Impex

We provide company details of these traders along with their address and traded products. You will be able to track the trading activities of these companies based on shipment records. Click here to get list of Diamond Exporters in India.

How to get India’s Diamond Export Data?

Diamond is the most precious product to export from India. Diamond companies in India can easily expand their business globally by getting the genuine list of foreign buyers. For reference, check the sample of diamond export data of India given below and take a fair idea about major data fields that we cover in our report.

To get the complete details of exporters and importers, subscribe to diamond export data or purchase research report on diamond export from India. It will help you to take progressive decisions in your business after analysing the market trends. We also customized the report as per your requirement.

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