A new high resolution biozonation based on the Unitary Association (UA) method is constructed for the Dienerian ammonoid succession of the Northern Indian Margin. It includes 12 UA-zones and leads to the subdivision of the Dienerian into three parts (early, middle and late). The corresponding diversity analyses, coupled with results previously obtained for the early Smithian ammonoids of the same regions, highlight the four following phases: (1) a first modest peak of diversity in the earlyDienerian; (2) a very low diversity persisting throughout the middle Dienerian; (3) a slow increase of diversity during the late Dienerian, and (4) a marked diversification in the early Smithian. Turnover rates are very high during this entire time interval, and the boundaries between early-middle and middle-late Dienerian are emphasized by complete renewals of the ammonoid faunas. The low diversity values in the middle and early late Dienerian are concomitant with an anoxic event on outer continental shelves and coincide with warmer temperatures than those of the early Dienerian and early Smithian. This diversity pattern stands in strong contrast with the credo of a protracted or stepwise recovery following the end-Permian mass extinction. Together with the end-Smithian extinction, the middle and early late Dienerian diversity crises were likely both radical setbacks in the recovery of Early Triassic ammonoids. However, these two diversity crises do not necessarily imply identical environmental triggers that ultimately led to anoxic bottom waters on outer continental platforms in both cases.