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RAPAPORT... India's polished diamond exports fell 11 percent year on year to $1.636 billion in April, while the volume of goods slipped 5.7 percent to 2.524 million carats, according to provisional data from the Gem & Jewellery Export Promotion Council. Polished diamond imports plunged 40.8 percent to $244 million, leaving net exports up 14.4 percent at $1.392 billion. Rough imports fell 31.1 percent year on year to $1.371 billion and rough exports rose 4.9 percent to $112 million, leaving net imports 33 percent lower at $1.259 billion. India's net diamond account in April, reflecting the difference between net exports and imports, totaled $133 million compared with a deficit of $662 million in 2014. Also, during the month, rough synthetic stone imports surged to $10 million compared with only $810,000 in April 2014. Polished synthetic stone imports rose 3 percent to $5.6 million and polished synthetic exports jumped 21.3 percent to $8.4 million. During the first four months of the year, India's natural polished diamond exports rose 6.5 percent to $7.476 billion, while polished imports dropped 33.3 percent to $1.522 billion, leaving next exports up 25.7 percent at $5.954 billion.
Rough imports plummeted 30 percent to $4.796 billion, rough exports dropped 12.1 percent to $463 million and net imports fell 22.9 percent to $4.333 billion. India's net diamond account in the first four months of the year rose to $1.621 billion compared with a deficit of $882 million one year earlier.
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