Select Location to Update Rates:
| Weight (Ct) | Low (Commercial) | Mid (Standard) | High (Premium) |
|---|---|---|---|
| 1 Carat | ₹53,240 | ₹60,500 | ₹73,810 |
| 0.75 Carat | ₹39,930 | ₹45,375 | ₹55,358 |
| 0.5 Carat | ₹26,620 | ₹30,250 | ₹36,905 |
| 0.25 Carat | ₹13,310 | ₹15,125 | ₹18,453 |
| 0.1 Carat | ₹5,324 | ₹6,050 | ₹7,381 |
Kindly note that diamond prices are changed on the 1st of every month
| Month | Average Rate | Price Change |
|---|---|---|
| 01 Feb 26 | ₹60,500 | -- |
| 01 Jan 26 | ₹60,500 | + ₹2,000 |
| 01 Dec 25 | ₹58,500 | - ₹1,000 |
| 01 Nov 25 | ₹59,500 | + ₹1,000 |
| 01 Oct 25 | ₹58,500 | - ₹1,000 |
| 01 Sep 25 | ₹59,500 | -- |
| 01 Aug 25 | ₹59,500 | - ₹1,000 |
| 01 Jul 25 | ₹60,500 | + ₹1,000 |
| 01 Jun 25 | ₹59,500 | - ₹1,000 |
| 01 May 25 | ₹60,500 | - ₹3,000 |
| 01 May 24 | ₹63,500 | + ₹2,000 |
| 01 Apr 24 | ₹61,500 | + ₹2,000 |
Srinagar is widely known for its cultural heritage and fine craftsmanship. The city’s jewellery market reflects a preference for elegance, authenticity, and long-term value. Diamond jewellery demand in Srinagar continues to grow as buyers seek certified stones and refined designs. This guide explains how diamond prices are determined in Srinagar, how taxes affect final pricing, and how availability varies across the city and major districts of Jammu and Kashmir.
Diamond pricing in Srinagar follows national pricing standards aligned with international quality benchmarks. Local jewellers adjust prices based on demand patterns, operational costs, and design preferences.
Every diamond sold in Srinagar is evaluated using four globally accepted quality factors.
Even small variations in these factors can create noticeable differences in diamond prices.
Jewellers in Srinagar base diamond prices on global market references while considering regional demand. The local market values balanced quality and subtle design, which keeps pricing stable.
Demand rises during wedding seasons, festive occasions, and family celebrations. Bridal diamond jewellery experiences increased interest during these periods.
Natural diamonds dominate Srinagar’s traditional and bridal jewellery market. Buyers value these stones for heritage and long-term ownership.
Lab-grown diamonds are gradually gaining popularity among younger buyers. These diamonds offer consistent quality and attractive pricing.
Diamond prices in Srinagar vary based on quality, certification, and carat weight. The table below shows approximate price ranges for loose diamonds commonly available in the city.
| Carat Weight | Approx Price Range (₹) |
|---|---|
| 1 Carat | ₹52,000 – ₹62,000 |
| 0.75 Carat | ₹38,500 – ₹46,000 |
| 0.5 Carat | ₹26,000 – ₹31,000 |
| 0.25 Carat | ₹13,200 – ₹15,900 |
| 0.1 Carat | ₹5,200 – ₹6,200 |
Final jewellery prices increase when gold weight, design detailing, and making charges are added.
Taxes and service charges significantly influence the final diamond purchase cost.
GST applies to finished diamond jewellery in Srinagar. The tax is calculated on the total value, including making charges. Loose diamonds usually carry minimal tax impact.
Making charges depend on design complexity and workmanship. Handcrafted designs often involve higher detailing costs.
Buyers should always request a clear and detailed invoice before completing the purchase.
Srinagar does not have diamond mines. Diamonds sold in the city are sourced through national and international supply networks. Rough diamonds are processed in Indian cutting and polishing centers before distribution.
This structured supply chain ensures steady availability of certified diamonds across different quality grades.
Srinagar offers good availability of diamonds in loose form and finished jewellery. Buyers can find engagement rings, bridal sets, daily-wear designs, and customized pieces.
Most reputed jewellers stock certified diamonds and offer personalization services.
The city has several well-known jewellery shopping areas.
These markets cater to a wide range of budgets and design preferences.
Diamond pricing across the region remains broadly consistent, with slight variations based on demand.
Srinagar acts as a pricing reference point for diamond jewellery across Jammu and Kashmir.
Srinagar offers a refined and steadily growing diamond jewellery market supported by trusted jewellers and organized supply chains. Buyers benefit from competitive pricing, certified diamonds, and elegant designs. Understanding diamond pricing methods, taxes, and local market trends helps ensure a confident and informed purchase in Jammu and Kashmir’s capital city.