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India’s Polished Diamond Exports -17% in December
Jan 21, 2016 3:06 AM
By Rapaport News
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RAPAPORT... India’s polished diamond exports slumped 17 percent year
on year to $1.2 billion in December, according to provisional data from the Gem
& Jewellery Export Promotion Council. By volume, polished exports dropped 5
percent to 1.9 million carats. Polished imports plummeted 46 percent to $239
million, leaving net exports 4.6 percent lower at $964.3 million.
Rough diamond imports increased 2.4 percent to $1.47 billion
and rough exports fell 7.3 percent to $99.6 million, leaving net imports 3.2
percent higher at $1.37 billion. India’s net diamond account, which is
calculated as the difference between net polished exports and net rough imports,
was negative $402.2 million, compared with negative $313.4 million in December
2014.
During the month, India imported $2.2 million
worth of rough synthetic stones, most of them diamonds. Polished synthetic
imports, meanwhile, totaled $11.4 million.
In terms of
diamond trading for 2015 as a whole, Rapaport News calculated Indian’s polished diamond exports fell 11
percent to $20.62 billion from a year ago, while polished imports plummeted 53
percent to $3.37 billion. Net polished exports rose 7.3 percent to $17.25
billion.
Rough imports in 2015 dived 22 percent to
$13.54 billion, while rough exports fell 25 percent to $1.13 billion, leaving
net imports for the year 22 percent lower at $12.42 billion. India’s net
diamond account for 2015 was $4.84 billion, compared with $151 million in the
previous year.
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Tags:
GJEPC, imports and exports, India, polished, Rapaport News, rough
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