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India’s Polished Diamond Exports -15% in November
Dec 21, 2015 3:13 AM
By Rapaport News
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RAPAPORT... India’s polished
diamond exports declined 15 percent to $1.32 billion year-on-year in November,
according to provisional data from the Gem & Jewellery Export Promotion
Council. By volume, polished exports fell 16 percent to 2.2 million carats.
Polished imports nosedived 72 percent to $147.4 million, leaving net exports –
polished exports minus imports – 14 percent higher at $1.17 billion.
Rough diamond imports plummeted 60 percent to $624.9 million
and rough exports slumped 34 percent to $62.1 million, leaving net imports –
rough imports minus exports – 61 percent lower at $562.8 million. India’s net
diamond account, which is calculated as the difference between net polished
exports and net rough imports, increased from negative $422 million in
November 2014 to positive $612.1 million this year.
During
the month, India imported $630,000 worth of rough synthetic stones, most of
them diamonds. Polished synthetics imports, meanwhile, totaled $5.8 million and
exports were $6 million.
In terms of diamond trading for
the first 11 months of the calendar year, Rapaport
News calculated that India’s polished diamond exports declined 10 percent
year on year to $19.42 billion, while polished imports fell 53 percent to $3.13
billion. Net polished exports increased 8 percent to $16.29 billion.
Rough imports dived 25 percent to $12.08 billion, while rough
exports decreased 26 percent to $1.03 billion, leaving net imports 24 percent
lower at $11.05 billion. India’s net diamond account for the January through
November period soared to $5.24 billion compared with $389 million one year
earlier.
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Tags:
data, GJEPC, imports and exports, India, Rapaport News, stats, trade data
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