NATURAL DIAMONDS MARKET
Akshaya Tritiya 2026: Gold, silver trade seen topping Rs 20,000 cr despite record prices and decline in volumes
Akshaya Tritiya 2026 is set for record precious metal sales in India. Despite soaring gold and silver prices, trade is expected to exceed Rs 20,000 crore. Consumers are opting for lightweight jewelry, silver, and diamond products. Digital gold and bonds are also gaining traction. This trend shows a shift towards value-driven purchases and financial prudence.
India’s household gold holdings now much larger than combined gold reserves of top 10 central banks: ASSOCHAM
India's household gold holdings are now the world's largest, surpassing central bank reserves. ASSOCHAM says that channeling even a small portion into financial assets could add trillions to India's GDP by 2047. This move would strengthen manufacturing, infrastructure and agriculture, boosting the economy through increased consumption and job creation.
India becomes second-largest diamond jewellery market with 12% global share, overtakes China and Japan
India has emerged as the world’s second-largest diamond jewellery market, driven by rising incomes and strong demand from Gen Z and millennials. Natural diamonds remain dominant, though lab-grown diamonds are gaining traction as a lower-cost alternative, with daily wear and self-purchase trends reshaping consumption patterns.
India's natural diamond market may reach Rs 1.5 lakh cr by 2030: De Beers report
The market for natural diamond jewellery in India is on the brink of a remarkable transformation, anticipated to soar to Rs 1,50,000 crore by 2030. This surge is largely attributed to robust economic growth and evolving consumer tastes. Natural diamonds are now being embraced as daily adornments rather than just luxurious splurges for special events.
US tariffs likely to moderate India Inc's rating profile in H2 FY26; Iran war span key to outlook
India Inc's credit profiles face moderation in the second half of FY26 due to US tariffs and the West Asia conflict. Rating agencies anticipate resilience for most sectors despite uncertainties. The duration of the West Asia crisis is a key factor. Strong balance sheets and domestic demand offer support. Corporate India's adaptability is being tested.
Nirav Modi-linked Firestar Diamond stock to go on sale
Fugitive diamantaire Nirav Modi's former company, Firestar Diamond International, is set to auction its precious inventory of gems and jewellery on April 27. The e-auction, under the Insolvency and Bankruptcy Code, will feature natural loose diamonds and finished pieces, with prices ranging from ₹4 lakh to ₹18 lakh.
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BlueStone rises 15% in a month as investors bet on scale-driven model amid improving store maturity
BlueStone Jewellery's shares have surged 15% in a month, outperforming the market. Analysts anticipate margin growth driven by operating leverage and store expansion, with over half of its 323 stores now achieving significant annual revenue. The company's revenue grew 34% year-on-year, while net losses narrowed considerably.
Options market eyes 2022 playbook for Iran war risks
Investors are referencing 2022's market behavior for insights into potential Iran war impacts. A key concern is an inflation shock that could increase stock index correlations and sustain higher volatility. This scenario, driven by rising oil and gas prices, is shifting trader focus from individual stocks to broader macroeconomic worries.
Gold falls 5%, silver dips 12% in a week amid strong dollar, inflation concerns
In India, we've witnessed a consecutive two-week plunge in gold and silver prices, primarily attributed to a rising dollar and heightened inflation expectations in the US. Interestingly, despite ongoing tensions in West Asia that typically fuel safe-haven purchases, this time the demand hasn't surged.
Right policies can help bring idle household gold into the market
Indians hold significant idle gold. Unlocking this gold could ease economic pressure by reducing reliance on imports. A two-year-old brand, Indriya Aditya Birla Jewellery, sees increased gold exchange contributing to sales. The company focuses on design and quality, catering to women of all ages. Indriya also plans to expand its natural diamond business, seeing growth potential in the Indian market.
From rough to radiance: Surat’s diamond industry that powers millions
Natural diamonds' value stems from human skill, transforming raw stones into meaningful treasures. India, particularly Surat, processes over 90% of the world's cut and polished diamonds, driven by deep artisan networks and a growing workforce, including increasing female participation.
India's gems, jewellery exports up 3.86 pc at USD 2,680.79 mn in Feb: GJEPC
India's gems and jewellery sector reported a notable 3.86% rise in exports for February, thanks to innovative exporters tapping into new territories such as the UAE and Australia. The sector's ability to thrive amid global challenges is commendable, with gold and silver jewellery witnessing considerable growth. Industry stakeholders are alert to ongoing geopolitical trends.
Indian diamond polishers to witness 6-7% revenue growth in FY27 to $15.5 bn: Report
The growth will ride on increased exports to the US following the interim trade deal that eliminated the 25 per cent reciprocal tariff on Indian gems and diamonds, effectively bringing down the US tariff to zero, though the escalating Middle East conflict could prevent diamond polishers from fully benefiting from it, Crisil Ratings said.
US tariff relief to lift diamond sector growth to 6-7%
Crisil Ratings expects Indian diamond polishers’ revenue to grow 6–7% to $15–15.5 billion in FY27, supported by the removal of the 25% US tariff on Indian gems and diamonds and steady domestic demand.
Pumps, pipes & pantries: The West Asia war is knocking on Indians' doors
India feels the ripple effects of the Iran conflict as energy imports via the Strait of Hormuz encounter disruptions. This turmoil exacerbates inflation, hiking prices on essential items like fuel and groceries. With supply chains under strain, businesses are navigating challenges while the government moves to bolster local gas resources.
Gujarati edge: Decoding the business instinct
Gujaratis exhibit an exceptional entrepreneurial spirit, deeply rooted in their history and culture, contributing significantly to India's GDP and industrial output. This success stems from a normalised approach to risk and failure, optimised frugality, a powerful diaspora network, and a strong preference for ownership, all contributing to their enduring business acumen.
Rs 54 lakh on a 10-day Jaipur trip: American designer breaks down her India trip expense for gemstones sourcing
American designer Katie recently shared a detailed breakdown of her 10-day sourcing trip to Jaipur, revealing the significant investment behind her high-end collection. Her journey, including travel, accommodation, and a substantial $50,000 for raw materials like gems and fabrics, totaled over Rs 54 lakh, highlighting the financial realities of creative entrepreneurship.
Quote of the day by Bryan Adams: 'Difficulties are opportunities to better things; they are stepping-stones..': Lessons on dealing with setbacks from rock icon
Rock icon Bryan Adams emphasizes viewing setbacks as opportunities for growth and greater experience, stating that when one door closes, another always opens. This philosophy, rooted in resilience and hope, remains relevant today, guiding individuals through life's uncertainties and challenges. Adams' career, marked by numerous hits and accolades, exemplifies this enduring message.
2026 Hyundai Verna launched at Rs 10.98 lakh: Check variant-wise prices, images, features and full details of the new Verna facelift
Hyundai Verna 2026 on Road Price: Verna Facelift 2026: Hyundai has launched its updated Verna sedan in India, starting at Rs 10.98 lakh. The refreshed model boasts significant design updates, enhanced safety with ADAS Level 2, and upgraded cabin technology including dual 10.25-inch screens. It offers two petrol engine options, aiming to strengthen its position in the competitive mid-size sedan segment.
Long war vs short war: 10 things investors should keep an eye on if the war continues for longer than Trump expects
India imports a bulk of its crude oil. Nearly half of it passes through a 33-km-wide waterway called the Strait of Hormuz. More than eight million Indians live and work in the Gulf, sending home over $50 billion a year. A war in the Gulf is not a distant geopolitical event for India – it is a direct hit on the economy through at least 10 distinct transmission channels. Here’s how each one works, what the numbers look like, and which sectors and stocks sit in the line of fire.
India’s $98 billion imports in hot water as West Asia tensions heat up
Middle East War: Rising tensions in West Asia threaten India’s $98.7 billion imports, including crude oil, LNG, fertilisers, diamonds, and industrial materials. Disruptions at Gulf ports and energy facilities could push up fuel and food prices, impact factories, and slow exports, warn analysts.
India staring at likely gold, diamond shortage after US and Israeli strikes on Iran
India's gold and diamond supplies are at risk. Dubai's airspace closure is disrupting crucial trade routes. This impacts India's position as a major consumer of gold and a leader in diamond polishing. The disruption stems from escalating regional tensions. This situation could lead to shortages of these precious commodities for the nation.
Israel-Iran war's 'Strait' fight can damage one of India's well-built firewalls
Israel-Iran conflict India impact: India confronts fresh economic risks as conflict in West Asia intensifies. The killing of Iran's Supreme Leader and subsequent retaliation have heightened fears of oil supply disruptions. This could lead to higher crude prices, impacting domestic inflation and the Indian Rupee. Policymakers are closely monitoring the situation, as the volatile geopolitical landscape introduces significant uncertainty for the nation's economy.
Lab grown gold: Is it possible to produce precious yellow metal like lab-grown diamonds?
Scientists can create gold in labs through complex nuclear reactions, altering elements like mercury or platinum. However, this process is astronomically expensive and yields microscopic amounts, making it impractical for jewellery or investment. Unlike lab-grown diamonds, "lab-made gold" currently lacks commercial viability, with Earth's mines remaining the sole source.
Young India shifts to solitaires as prices decline 30%
Solitaire diamond rings are seeing a surge in demand among Indians aged 28-40, with sales rising 25-35% year-on-year following a 30% price drop. A 1-carat ring now costs ₹5-5.5 lakh, down from ₹7-8 lakh, making diamond-heavy, low-gold jewellery more appealing amid high gold prices. Millennials are driving growth, with engagements as the primary purchase but self-buys and milestone-driven purchases also rising. Lower entry barriers and a preference for accessible, meaningful jewellery, including 9-carat and 14-carat gold, are reshaping consumer behaviour, benefiting jewellers despite elevated gold prices.
Senco's stellar Q3 topline growth driven by gold price rally; likely to close FY with ₹8,000 cr revenue: MD
Senco Gold & Diamonds reported a strong 39% same-store sales growth in Q3 FY26, driven by robust festive and wedding demand and significant gold price appreciation. Despite a 3% dip in volumes, the company maintained customer engagement through budget-friendly jewelry options. Senco targets 18-20% annual growth, with FY26 revenues projected at ₹8,000 crore.
India offers quota-based auto duty cuts, tariff reduction on alcohol under US trade pact
India and the US have finalised a trade agreement. India will offer duty concessions on automobiles and alcoholic beverages. Tariffs on a significant portion of Indian exports to the US will be reduced. Key sectors like textiles, gems, and jewellery will see lower import duties. Agricultural exports will also benefit from reduced tariffs.
India's apparel, footwear, chemicals to get a major export boost in US under bilateral trade pact
India's exports to the US will see a significant boost. An interim trade agreement between India and the US will reduce import duties on several Indian goods. This move is expected to greatly benefit labour-intensive sectors like apparel, footwear, and home decor. The US has removed punitive duties, and reciprocal tariffs are set to decrease.
India’s rising demand for natural diamonds: A shift in global market dynamics
Natural diamonds, formed over billions of years and increasingly scarce, remain highly valued. With declining diamond recovery rates and no new deposits discovered, their rarity enhances demand. India now stands as the second-largest market for natural diamond jewellery, presenting significant growth opportunities in the sector.
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