The decline in jewellery exports is a wake-up call: Gautam Adani

The Chairman of the Adani Group, Gautam Adani urged diamond businesses to shift their focus towards technological innovation and ethical sustainability through the manufacture and sale of lab-grown diamonds in his address at the 51st Gem & Jewellery Awards.

Adani called India the “jewel in the global crown of the cut-and-polished diamond market”, noting that it had 26.5% of global market share in the industry.

“But the recent 14% decline in exports is more than a statistic — it is a wake-up call. It signals a turning point where challenges, both temporary and permanent, demand that we reimagine our approach,” Adani said.

He put emphasis on sustainability and new innovations in technology stating that they are reshaping industries the world over. “The rise of lab-grown diamonds, the demand for transparency and ethical practices, shifting consumer priorities, and the digital wave are not just disrupting the status quo; they are creating a new blueprint necessary for success,” he stated.