钻石行业数据跟踪报告：7月印度天然钻石进出口额同比跌幅缩小，培育钻石进出口额同比跌幅扩大

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected relative increase of over 10% in the industry index compared to the broader market within the next six months [21]. Core Insights - In July, the import value of cultivated diamonds in India decreased by 26.74% year-on-year, while the export value of polished cultivated diamonds fell by 10.21%, indicating a further decline in the cultivated diamond sector's performance [8][10]. - For natural diamonds, the import value decreased by 17.18% year-on-year, and the export value fell by 22.71%, but the rate of decline has slowed compared to previous months [14]. - The international polished diamond price index fell by 3.33% in July, reflecting ongoing low demand in the diamond market [16]. - Short-term outlook suggests a decline in the cultivated diamond sector, while the natural diamond sector shows signs of stabilization. Long-term prospects may improve with economic recovery and changing consumer preferences [18]. Summary by Sections 1. Cultivated Diamond Data Tracking - The import value of cultivated diamond roughs in July was $0.86 billion, with a year-on-year decline of 26.74% [8]. - The export value of polished cultivated diamonds was $0.95 billion, with a year-on-year decline of 10.21% [8]. - The penetration rate for cultivated diamond exports increased to 9.45%, up by 1.21 percentage points year-on-year, while the import penetration rate decreased to 8.57%, down by 1.01 percentage points year-on-year [10]. 2. Natural Diamond Data Tracking - The import value of natural diamond roughs in July was $9.13 billion, with a year-on-year decline of 17.18% [14]. - The export value of polished natural diamonds was $9.08 billion, with a year-on-year decline of 22.71% [14]. - The international polished diamond price index was recorded at 100.39 points at the end of July, reflecting a slight decrease [16]. 3. Investment Recommendations - The report emphasizes the importance of India's rough diamond imports and polished diamond exports as indicators of downstream market conditions. The short-term outlook for cultivated diamonds is negative, while natural diamonds show signs of stabilization. Long-term demand may recover as economic conditions improve and consumer preferences evolve [18].