News

Advanced Search

India’s Diamond Trading Advances in May

Jun 20, 2016 10:01 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
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.
Tags: Gem & Jewellery Export Promotion Council, GJEPC, imports and exports, India, polished, Rapaport News, rough, trade, trade data
Similar Articles
AIGS 200AIGS Warns About Fake Gem Reports
Jul 22, 2018
The Asian Institute of Gemological Sciences (AIGS) has issued a warning to the international diamond industry over
India 150India Sees Further Rise in Diamond Exports
Jul 18, 2018
A higher average price resulted in an increase in India’s polished-diamond exports in June. Outbound polished shipments have grown
© 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.