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India’s October Polished Exports -17%
Nov 16, 2015 9:21 AM
By Rapaport News
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RAPAPORT... India’s polished diamond exports fell 17 percent to $1.8
billion year on year in October, according to data published by the Gem &
Jewellery Export Promotion Council (GJEPC). By volume, exports dropped 16
percent to 3.7 million carats, while the average price of the exports plunged
29 percent to $499.44 per carat.
Polished imports plummeted 53 percent to $282.2 million
during the month. As a result, net polished exports, representing the excess of
exports over imports, declined 4 percent to $1.6 billion.
India’s rough imports increased 15 percent to $1.1 billion
in October and rough exports slumped 38 percent to $66.7 million. Net rough
imports, or rough imports minus exports, increased 21 percent to $1 billion.
India’s October net diamond account, representing the excess
of total exports of polished and rough over total imports, fell 30 percent to $551.1 million.
During the first 10 months of the year, India’s polished
exports fell 10 percent to $18.1 billion, while polished imports plunged 51
percent to $2.9 billion. Net polished exports increased 8 percent to $15.1
billion.
India’s rough imports declined 21 percent to $11.5 billion
during the 10-month period, and rough exports fell 25 percent to $963 million.
Net rough imports decreased 20 percent to $10.5 billion.
India’s net diamond account grew more than five-fold to $4.6
billion during the 10-month period.
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Tags:
data, exports, imports, imports and exports, India, Rapaport News
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