News

Advanced Search

India's Polished Diamond Exports +16% in December

Jan 19, 2014 6:36 AM   By Deena Taylor
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India’s polished diamond exports grew 16 percent year on year to $1.1 billion in December ‎‎2013, according to preliminary data from the Gem & Jewellery Export Promotion Council (GJEPC). By ‎volume, exports dropped 8 percent to 1.874 million carats. ‎

Polished imports fell 11 percent to $380 million during the month. India’s net ‎polished exports, representing the excess of exports over imports, rose 37 percent to $720 ‎million.‎

India’s rough diamond imports declined 7 percent to $1.652 billion in December, while rough ‎exports increased 32 percent to $104 million. Net rough imports, or the excess of ‎imports over exports, fell 8 percent to $1.548 billion.‎

India’s December net diamond account, which is calculated as the total of polished and ‎rough exports less total imports, improved to a deficit of $828 million from a deficit of $1.162 billion one year ago.‎

In December, India's imports of rough synthetic stones, including synthetic diamonds and gemstones,  more than doubled to $6.8 million, while synthetic stone imports declined 50 percent to $6.54 million. Total synthetic stone exports more than doubled to $7.4 million.

During the full year 2013, India’s polished exports rose 21 percent to $20.484 billion, while ‎polished imports grew 29 percent to $6.864 billion, according to Rapaport News calculations. Rough imports rose 8 percent to ‎‎$16.304 billion and rough exports grew 17 percent to $1.785 billion.‎ India’s net diamond account for the 2013 calendar year  improved to a deficit of $900 million, from a ‎deficit of $1.949 billion one year earlier. ‎

For the first 12 months of 2013, India's rough synthetic stones by value more than doubled to $75 million, synthetic stone imports grew 62 percent to $82.8 million and total synthetic exports rose 14 percent to $56 million. 
Tags: Deena Taylor, diamonds, GJEPC, India, synthetic stones
Similar Articles
GIA Grading ReportGIA to Launch Japan Education Program
Oct 09, 2017
The Gemological Institute of America (GIA) is planning to open an educational campus in Tokyo featuring courses in gemstones and...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.