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India Polished Diamond Exports Drop 18% in July
Aug 23, 2015 9:39 AM
By Rapaport News
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RAPAPORT... India’s exports of polished diamonds dropped 18.3% last month, as rough imports plummeted 43% in the month from a year earlier, according to information released by The Gem & Jewellery Export Promotion Council (GJEPC).
In volume terms, the drop was 14.4 percent with the country exporting 2.80 million carats last month versus 3.26 million carats a year earlier.
The impact of an industry slowdown was evident in the country’s import figures. Overall gross imports of gems & jewelry was down 29.8 percent to $ 2.27 billion last month as compared to $3.24 billion for the same period last year.
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Rapaport News
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