Diamond exports from India fell by 28% in FY2024, driven by worsening global economic conditions and rising competition from lab-grown diamonds (LGD). The country’s exports of cut and polished diamonds (CPD) are expected to drop to a decade-low of $12.5-13.0 billion in FY2025, reflecting an 18-19% year-on-year decline. This contraction is due to a 13-14%…