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India’s Polished Exports Drop
Oct 17, 2018 10:51 AM
By Rapaport News
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RAPAPORT... India’s polished-diamond exports fell in September,
according to data from the nation’s Gem & Jewellery Export Promotion
Council (GJEPC).
Polished exports decreased 11% year on year to $2.37 billion
and, by volume, fell 29% to 2.78 million carats. The average price rose 26% to
$851 per carat.
Polished imports dropped 7% year on year to $163 million,
while net polished exports — the excess of exports over imports — slipped 11%
to $2.20 billion.
Rough imports fell 14% to $1.25 billion, while rough exports
plummeted 50% to $85 million. Net rough imports decreased 10% to $1.17 billion.
The country’s net diamond account — the sum of rough and
polished exports minus total imports — fell 12% to $1.03 billion.
Image: A polished diamond in tweezers. (Luibov Luganskaia/Shutterstock)
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Tags:
Gem & Jewellery Export Promotion Council, GJEPC, net diamond account, polished exports, Rapaport News
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