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India’s Polished Trade Slows Further
May 27, 2019 8:18 AM
By Rapaport News
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RAPAPORT... India’s polished-diamond exports slid 18% to $1.64 billion
in April, representing the sixth consecutive month of year-on-year decline.
Lower volumes outweighed a rise in the average price. Rough imports also fell,
reflecting slow demand since the start of 2019.
India Trade Data for April 2019
| Millions unless stated otherwise |
Apr 2019 |
Year-on-year change |
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| Polished exports |
$1,643 |
-18% |
| Polished imports |
$78 |
-32% |
| Net polished exports |
$1,565 |
-17% |
| Rough imports |
$1,443 |
-5% |
| Rough exports |
$136 |
75% |
| Net rough imports |
$1,308 |
-9% |
| Net diamond account |
$257 |
-42% |
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| Polished exports: volume |
2.1 million carats |
-23% |
| Average price of polished exports |
$768/carat |
7% |
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| Millions unless stated otherwise |
Jan-Apr 2019 |
Year-on-year change |
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| Polished exports |
$7,596 |
-11% |
| Polished imports |
$368 |
-39% |
| Net polished exports |
$7,229 |
-9% |
| Rough imports |
$5,095 |
-19% |
| Rough exports |
$560 |
29% |
| Net rough imports |
$4,535 |
-23% |
| Net diamond account |
$2,694 |
31% |
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| Polished exports: volume |
9.5 million carats |
-16% |
| Average price of polished exports |
$798/carat |
6% |
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: Bharat Diamond Bourse. (Rapaport News)
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Tags:
Average Price, data, India, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, polished-diamond exports, Rapaport News, rough exports, rough imports, trade data
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