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India’s Polished Exports Edge Up
Mar 18, 2018 10:49 AM
By Rapaport News
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RAPAPORT... India’s polished-diamond exports grew slightly in
February, according to data from the nation’s Gem & Jewellery Export
Promotion Council (GJEPC).
Polished exports increased 0.5% year on year to $2.43 billion
and, by volume, fell 6% to 3.1 million carats. The average price rose 6% to $791
per carat.
Polished imports dropped 12% year on year to $158.3 million,
while net polished exports — the excess of exports over imports — jumped 2% to
$2.27 billion.
Rough imports climbed 11% to $1.68 billion, while rough
exports plunged 23% to $111.4 million. Net rough imports were up 14% to $1.57
billion.
The country’s net diamond account — the sum of rough and
polished exports minus total imports — dropped 19% to $703.1 million.
Image: Bharat Diamond Bourse, Mumbai
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Tags:
Gem & Jewellery Export Promotion Council, GJEPC, India, net diamond account, net polished exports, Net rough imports, polished imports, Rapaport News, rough exports
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