Diamond exports to touch $15b this fiscal on pent up demand

The recent upsurge in spending on diamonds, riding on a combination of pent-up demand and recovery in retail offtake in key markets such as the US and China, is expected to help India’s diamond industry close this fiscal with a revenue of over $15 billion.
The cut and polished diamond exports last fiscal declined by 22 percent to $18.66 billion compared to $24 billion in the previous year.