Advanced Search

India's Polished Diamond Exports -9% in May

Jun 17, 2015 8:40 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... India's polished diamond exports fell 9.3 percent year on year to $1.742 billion in May, according to provisional data collected by the Gem & Jewellery Export Promotion Council. Exports declined 53.3 percent by volume to 2.591 million carats. Polished imports, however, slid 54 percent to $195.5 million, leaving net exports up 3.3 percent to $1.547 billion.

Rough diamond imports declined 14 percent to $1.323 billion, while rough exports fell 17.4 percent to $118 million, leaving net imports down 13.7 percent at $1.205 billion. India's net diamond account in May rose to  $342 million compared with $101 million one year earlier.

Meanwhile, rough synthetic imports contracted 58.1 percent to $3.8 million in May, while synthetic exports fell 28.5 percent to $4.41 million.

During the first five months of the calendar year, India's natural polished diamond exports increased 6.5 percent year on year to $9.218 billion, while polished imports plummeted 36.5 percent  to $1.717 billion, leaving next exports up 26 percent at $7.501 billion.
Rough imports  fell 20.5 percent to $6.119 billion, rough exports were down 13.3 percent at $581 million, leaving net imports 21.2 percent lower at $5.538 billion. India's net diamond account for the year through May shot up 82.6 percent to  $1.963 billion.

Tags: account deficit, diamonds, exports, imports, India, Jeff Miller, Synthetics
Similar Articles
De Grisogono 150High-End Slump Forces Layoffs at De Grisogono
Apr 11, 2018
Swiss-based luxury jeweler De Grisogono plans to cut up to 41 positions after a challenging high-end market resulted in poor sales.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.