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India’s Polished Exports Down in April
May 17, 2017 5:33 AM
By Rapaport News
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RAPAPORT... India’s polished diamond exports for April fell 2% year on
year to $1.75 billion, figures from the nation’s Gem & Jewellery Export
Promotion Council showed this week.
By volume, exports of polished dropped 9% to 2.4 million
carats, with the average price growing 8% to $737 per carat. Polished imports
slid 17% to $184.9 million, meaning net polished exports crept up 0.4% to $1.56
billion.
Rough imports declined 7% to $1.74 billion, while exports
jumped 39% to $119.3 million, leaving net rough imports 10% lower at $1.62
billion.
India’s net diamond account for the month — total exports
minus total imports — stood at negative $58.8 million, as the value of the
stones the country shipped in was higher than what it sent out. The figure a
year ago was negative $237.6 million.
In the first four months of the calendar year, polished
exports rose 2% compared to 2016, coming to $7.65 billion. Polished imports dropped
9% to $824 million, and net polished exports increased 3% to $6.82 million. Rough imports
went up 5% to $6.11 billion, while rough exports jumped 24% to $597 million,
meaning net rough imports increased 3.4% to $5.51 billion.
The net diamond account for the four-month period rose 2.3%
to $1.31 billion. |
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Tags:
India, net diamond account, polished exports, polished imports, Rapaport News, rough exports, rough imports, trade data
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