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India's rough lab grown diamonds imports exceed $200 million for the first time in March 2022


Post Date: 21 Apr 2022    Viewed: 59

According to GJEPC, India's rough lab grown diamonds imports in March 2022 were US$203 million, exceeding the US$200 million mark for the first time, up 157.10% year-on-year and 31% month-on-month, with total lab grown diamonds imports accounting for 10% of total diamonds imports in March.

India's polished lab grown diamonds exports in March amounted to $137 million, up 59.45% year-on-year and 8.7% month-on-month, of which total lab grown diamonds exports accounted for 5.9% of total diamonds exports in March.

Lab grown diamonds penetration continues to increase, according to GJEPC data, in March 2022, India's lab grown diamonds penetration rate on the import side was 9.06%, up 3.73% year-on-year, while the export side penetration rate was 5.87%, up 2.02% year-on-year.India


Lab Grown diamondss Imports and Exports from January to March 2022




Lab grown diamonds industry chain is presented as: upstream look at China, midstream look at India, downstream look at the United States. India occupies about 95% of the global diamond polishing and processing market share, India lab grown diamonds import data can basically reflect the industry demand, industry low penetration and high growth, lab grown diamonds leading enterprises are expected to continue to benefit.

 


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