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India’s Polished Diamond Exports +2% in February
Mar 15, 2016 4:04 AM
By Rapaport News
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RAPAPORT... India’s polished diamond exports increased 1.9 percent year
on year to $2.34 billion in February, according to
provisional data provided by the nation’s Gem & Jewellery Export Promotion
Council.
By volume, polished exports increased 8.2 percent to 3.3
million carats. Polished imports dived 45 percent to $222.1 million, leaving
net polished exports up 12 percent to $2.12 billion.
Rough diamond imports surged 37 percent to $1.55 billion and
rough exports soared 49 percent to $131.8 million, leaving net rough imports 36
percent higher at $1.42 billion. India’s net diamond account, which is
calculated as the difference between net polished exports and net rough
imports, narrowed 17 percent to $700 million.
During the month, India imported $7.3 million of rough
synthetic stones, most of them diamonds. Polished synthetic imports, meanwhile,
totaled $9.7 million and exports were $6.4 million.
In terms of diamond trading for the first two months of the
calendar year, Rapaport News calculated that India’s polished diamond
exports fell 17 percent year on year to $3.38 billion, while polished imports
dived 46 percent to $419 million. Net polished exports fell 10 percent to $2.96
billion.
Rough imports in the first two months increased 28 percent to
$2.54 billion, while rough exports advanced 23 percent to $238 million, leaving
net rough imports 29 percent higher at $2.3 billion. India’s net diamond
account for January and February was $664.1 million, a 56 percent drop from
$1.52 billion a year ago.
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Tags:
GJEPC, imports and exports, India, polished, Rapaport News, rough
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