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India’s Diamond Trading Advances in May
Jun 20, 2016 10:01 AM
By Rapaport News
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RAPAPORT... India’s polished diamond exports jumped 13 percent year on
year to $1.97 billion in May, according to provisional data from the Gem &
Jewellery Export Promotion Council. By volume, polished exports surged 15
percent to 3 million carats. Polished imports soared 27 percent to $249.1
million, leaving net polished exports 11 percent higher at $1.72 billion.
Rough diamond imports leapt 15 percent to $1.52 billion and
rough exports increased 7.9 percent to $127 million, leaving net rough imports
16 percent higher at $1.4 billion. India’s net diamond account, which is
calculated as the difference between net polished exports and net rough
imports, declined 3.8 percent to $329 million.
During the month, India imported $4.5 million of rough
synthetic stones. Polished synthetic imports, meanwhile, totaled $12.5 million. |
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Tags:
Gem & Jewellery Export Promotion Council, GJEPC, imports and exports, India, polished, Rapaport News, rough, trade, trade data
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