India is the world’s largest cutting and polishing center for diamonds, accounting for over 90% of polished diamond manufacturing globally.

o  This is attributed to factors such as the easy availability of high skilled labour, cutting-edge technology, and lower costs involved.

o  It contributed around 19% share in the world’s total exports of diamonds during 2019 and became the top exporting nation for cut & polished diamonds across the globe, according to the ITC trade map.