Refractive index = \(\frac{speed\,of\,light\,in\,vacuum}{speed\,of\,light\,in\,medium}\)
Since the refractive index of diamond is more, hence the speed of light is lesser in diamond.
Let speed of light in water vevw and in diamond bevd.
Refractive index of diamond w.r.t water is say n = \(\frac{speed\,of\,light\,in\,water}{speed\,of\,light\,in\,diamond}\)
\(n=\frac{V_w}{V_d}\)
Dividing both numerator and denominator by speed of light [c] we get
n = (\(\frac{V_w}{c}\)) ÷ (\(\frac{V_d}{c}\)) = Inverse Ratio of refractive index of water and diamond.
n=\(\frac{2.42}{1.33}\) = 1.82 (approx)