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India’s Polished Exports Fall in February
Mar 19, 2019 11:41 AM
By Rapaport News
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RAPAPORT... India’s polished-diamond exports dropped 4% to $2.34 billion
in February, as market weakness continued. A slide in the volume of shipments
outweighed a higher average price, according to data the Gem & Jewellery
Export Promotion Council (GJEPC) released this week. Rough imports also decreased,
indicating a slowdown in the manufacturing sector.
India Trade Data for February 2019
| $ Millions unless stated otherwise |
Feb 2019 |
Year-on-year change |
| Polished exports |
$2,341 |
-4% |
| Polished imports |
$94 |
-41% |
| Net polished exports |
$2,248 |
-1% |
| Rough imports |
$1,380 |
-18% |
| Rough exports |
$124 |
-11% |
| Net rough imports |
$1,256 |
-20% |
| Net diamond account |
$992 |
41% |
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| Polished exports: volume |
2.8 million carats |
-8% |
| Average price of polished exports |
$826/carat |
4% |
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| $ Millions unless stated otherwise |
Jan-Feb 2019 |
Year-on-year change |
| Polished exports |
$4,089 |
-9% |
| Polished imports |
$180 |
-39% |
| Net polished exports |
$3,910 |
-7% |
| Rough imports |
$2,238 |
-28% |
| Rough exports |
$226 |
4% |
| Net rough imports |
$2,012 |
-31% |
| Net diamond account |
$1,898 |
44% |
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| Polished exports: volume |
5 million carats |
-13% |
| Average price of polished exports |
$814/carat |
5% |
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.
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Tags:
India data, India polished exports, India trade data, net diamond account, Net rough imports, polished exports, Rapaport News
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