Advanced Search

India Sees Growth in Diamond Exports

May 7, 2017 4:52 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India’s diamond trading gained traction in March, according to data from the Gem & Jewellery Export Promotion Council (GJEPC).

Polished exports for the month increased 2.4% to $1.87 billion year on year, the data showed. Polished imports jumped 11% to $289.3 million, leaving net polished exports 1% higher at $1.58 billion. By volume, polished exports slid 13% to 3.1 million carats, while the average price leapt 18% to $610 per carat.

Rough imports, meanwhile, increased 15% to $1.6 billion. Those numbers reflected a buoyant rough market, as seen in the strong sales growth that miners De Beers and Alrosa reported during the period. India’s rough exports increased 18% to $184.7 million, while net rough imports advanced 14% to $1.41 billion.

The country’s net diamond account for March, calculated as total rough and polished exports minus total imports, contracted 49% to $165.9 million.
Tags: De Beers, Gem & Jewellery Export Promotion Council, GJEPC, India, polished exports, polished imports, Rapaport News, trade data
Similar Articles
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.