Diamond production volume in India FY 2012-2021

The production volume of diamonds in India totaled over 28 thousand carats in the fiscal year 2020. This was the second-lowest production volume in the last nine financial years. India remains the only Asian country that mines diamonds and the diamond mining region lies within the state of Madhya Pradesh.

India's diamond cutting and polishing industry

Since antiquity India has been known for its diamonds. The gems and jewelry sector contributed about seven percent to the country’s gross domestic product (GDP), and more than four million workers were reported to work in this sector in the year 2019. The diamond industry in India is principally involved in the process of cutting, polishing, and exporting diamonds. India is a world leader in the manufacturing of cut and polished diamonds. To support the diamond industry, the government of India has relaxed duties on the import of diamonds. The value of rough diamonds imported into India has increased. Within the global jewelry sector, out of every ten diamonds, nine of them would have been processed in India.