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India Diamond Trade Sees Stabilizing Trend
Nov 1, 2021 6:49 AM
By Rapaport News
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RAPAPORT... India’s polished-diamond exports increased 22% year on year to $1.91 billion in September, with growth continuing but at a slower pace than in previous months. Shipments increased 7% by volume, while the average price rose 14%, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC).
India Trade Data for September 2021
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September 2021 |
Year-on-year change |
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| Polished exports |
$1.91B |
22% |
| Polished imports |
$131M |
-51% |
| Net polished exports |
$1.78B |
37% |
| Rough imports |
$1.67B |
24% |
| Rough exports |
$124M |
60% |
| Net rough imports |
$1.55B |
22% |
| Net diamond account |
$230M |
729% |
| Polished exports (volume) |
2.6 million carats |
7% |
| Average price of polished exports |
$729/carat |
14% |
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January-September 2021 |
Year-on-year change |
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| Polished exports |
$18.19B |
92% |
| Polished imports |
$1.48B |
-7% |
| Net polished exports |
$16.72B |
112% |
| Rough imports |
$13.2B |
148% |
| Rough exports |
$508M |
31% |
| Net rough imports |
$12.69B |
157% |
| Net diamond account |
$4.02B |
36% |
| Polished exports (volume) |
23.7 million carats |
76% |
| Average price of polished exports |
$768/carat |
9% |
Source: Gem & Jewellery Export Promotion Council; Rapaport archives.
About the data: India, the world’s largest diamond-cutting center, is a net importer of rough and a net exporter of polished. As such, net polished exports — representing polished exports minus polished imports — will usually be a positive number. Net rough imports — calculated as rough imports minus rough exports — will also generally be in surplus. The net diamond account is total rough and polished exports minus total imports. It is India’s diamond trade balance, and shows the added value the nation creates by manufacturing rough into polished.
Image: The Bharat Diamond Bourse (BDB) in Mumbai. (Rapaport News)
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Tags:
data, Gem & Jewellery Export Promotion Council, GJEPC, India, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports, trade data
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