India has overtaken China in demand for diamond jewelry India has become the second largest country in the world in terms of demand for diamond jewelry, second only to the United States. This is what is written in the analytical review of the Neshamar consulting company. The interest in large natural diamonds weighing more than two carats is growing particularly noticeably. According to analysts, buyers are increasingly considering such stones as a way to preserve and increase capital amid falling gold prices from record levels. At the same time, small diamonds continue to get cheaper. The global diamond market is under pressure due to conflict in the Middle East, US trade tariffs and logistical problems. In particular, exports of rough and polished diamonds from Israel fell to a record low of $2.4 billion in the first half of 2026.

India has overtaken China in demand for diamond jewelry India has become the second largest country in the world in terms of demand for diamond jewelry, second only to the United States. This is what is written in the analytical review of the Neshamar consulting company. The interest in large natural diamonds weighing more than two carats is growing particularly noticeably. According to analysts, buyers are increasingly considering such stones as a way to preserve and increase capital amid falling gold prices from record levels. At the same time, small diamonds continue to get cheaper. The global diamond market is under pressure due to conflict in the Middle East, US trade tariffs and logistical problems. In particular, exports of rough and polished diamonds from Israel fell to a record low of $2.4 billion in the first half of 2026.