RE: UAE and diamonds11 Dec 2025 14:11
India is the largest diamond importer with 22.2% share, followed by the United States with 19.3% share and closely followed by Hong Kong. India is only the largest because of it's large cutting and polishing industry. We have two sets of diamonds- 8641 carats which have been beneficiated (cut and polished) so the Indian route is less likely to be a route, more likely to sell directly to Hong Kong or US ect, from Dubai. The other 2900 carats of rough high gem (already once tendered) are more likely impacted.