Archive · 24 Jun 2025
Diamond Demand Sees Rebound in 2025; India Leads Growth
Imagine fancy sparkly rocks!
The diamond business went through a tough time after a big rush in 2022, like when everyone wanted to buy something special after staying home for a while.
But now, things are getting better in 2025!
People are buying more diamonds again.
A big part of this is India, where people love diamonds and are buying more of them.
The United States is still the biggest buyer, but India is catching up.
It's not just big cities in India where people are buying; even smaller towns are getting in on the sparkly fun.
The global diamond industry experienced a downturn in 2023-2024 after strong demand in 2022.
2025 has seen a revival in the diamond market, with improving demand and positive sentiment.
India's share of global diamond demand has grown to nearly 11%, becoming the second-largest consumer.
The US market has remained steady in the first half of 2025.
Demand in India is expanding beyond major cities.
- Who
- Industry players, including the Gemological Institute of America (GIA) and consumers in the US and India.
- What
- The global diamond market is seeing a rebound in 2025 after a downturn.
- When
- The diamond market saw a downturn in 2023-2024; a revival is occurring in 2025.
- Where
- Globally, with notable growth in India and steady performance in the US.
- Why
- Increased demand and positive market sentiment are contributing to the rebound.
- Market Status
- Rebounding in 2025
- Previous Period
- Downturn in 2023-2024
- India's Share of Global Demand
- Nearly 11%
- US Share of Global Demand
- ~55%
- Primary Growth Market
- India