Natural diamonds rebound in India as De Beers supply cuts push solitaire prices up 5-8%
De Beers-led production curbs and a gold price pullback have revived natural diamond demand in India, lifting 1-carat solitaires to ₹1.85 lakh. India now drives 12% of global diamond jewellery value at $9B, with Gen Z and millennials accounting for 86% of demand.
Natural diamond solitaire prices in India rose 5-8% YoY as De Beers-led supply cuts and a gold pullback revived demand. India now accounts for 12% of global diamond jewellery value ($9B), with Gen Z and millennials driving 86% of demand.