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.
Production volume of diamonds in India from financial year 2012 to 2020, with an estimate for 2021
(in 1,000 carats)
Characteristic
Production volume in thousand carats
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*Provisional value from April to December 2020.
India's financial year starts in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.
Values have been rounded.
Data from previous reports has also been used.
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MOS (India). (March 16, 2021). Production volume of diamonds in India from financial year 2012 to 2020, with an estimate for 2021 (in 1,000 carats) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/668035/india-diamond-production-volume/
MOS (India). "Production volume of diamonds in India from financial year 2012 to 2020, with an estimate for 2021 (in 1,000 carats)." Chart. March 16, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/668035/india-diamond-production-volume/
MOS (India). (2021). Production volume of diamonds in India from financial year 2012 to 2020, with an estimate for 2021 (in 1,000 carats). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/668035/india-diamond-production-volume/
MOS (India). "Production Volume of Diamonds in India from Financial Year 2012 to 2020, with An Estimate for 2021 (in 1,000 Carats)." Statista, Statista Inc., 16 Mar 2021, https://www.statista.com/statistics/668035/india-diamond-production-volume/
MOS (India), Production volume of diamonds in India from financial year 2012 to 2020, with an estimate for 2021 (in 1,000 carats) Statista, https://www.statista.com/statistics/668035/india-diamond-production-volume/ (last visited July 22, 2024)
Production volume of diamonds in India from financial year 2012 to 2020, with an estimate for 2021 (in 1,000 carats) [Graph], MOS (India), March 16, 2021. [Online]. Available: https://www.statista.com/statistics/668035/india-diamond-production-volume/
