Russian Diamond Exports to India Decline Significantly in First Half of 2026
Shipments dropped by nearly 50% year-on-year, according to data from India's Ministry of Commerce and Industry.
Quick Look
- Russian diamond exports to India fell by nearly 50% to 1.2 million carats in the first half of 2026.
- Monetary value dropped 38% to $106.5 million, despite an 8% increase in the average price per carat for gem-quality diamonds.
AI-generated summary
Why It Matters
Russia's diamond exports to India previously fell by 31% in 2025. The current report covers the first half of 2026.
MOSCOW, August 19. /TASS/. Russian diamond exports to India declined by nearly 50% year-on-year to 1.2 million carats in January-June 2026, Vedomosti business daily reported, citing data from the Ministry of Commerce and Industry of India.
In June alone, shipments fell fourfold year-on-year to 54,120 carats. Gem-quality diamond exports decreased nearly 2.8-fold to 511,087 carats in the first half of the year, while industrial diamond supplies fell 22% to 719,640 carats. They accounted for 42% and 58% of total shipments, respectively.
In monetary terms, January-June deliveries declined by nearly 38% to $106.5 million, and by 23% in June to $14.6 million. The average price of Russian gem-quality diamonds increased 8% to $206.7 per carat in the first half of the year, reaching $382.7 per carat in June.
In 2025, Russia's diamond exports to India fell by 31% to approximately 4 million carats. In monetary terms, shipments decreased 39% to $406.4 million.
Open Questions
- What are the specific drivers behind the decline in export volume?
