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India’s Diamond Trade Slows in August
Sep 19, 2017 3:00 AM
By Rapaport News
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RAPAPORT... India’s polished-diamond exports declined 6.5% to $1.82
billion in August, according to data the nation’s Gem & Jewellery Export
Promotion Council (GJEPC) released last week. 
By volume, polished exports fell 2.1% to 2.8 million carats,
while the average price declined 5% to $646 per carat. Polished imports fell
46% to $143 million, meaning net polished exports — the difference between
exports and imports — slipped 0.3% to $1.67 billion.
Imports of rough diamonds
dropped 7% to $975 million, with rough exports down 25% to $91 million. Net
rough imports — calculated as rough imports minus exports — declined 4.8% to
$884 million.
India’s net diamond
account for August increased 5% to $791 million.
In the first eight months
of the year, polished exports increased 1.4% to $15.14 billion, according to
Rapaport calculations. Polished imports fell 13% to $1.67 billion, and net
polished exports rose 3.5% to $13.47 billion. Rough imports jumped 10% to
$12.06 billion, while rough exports increased 6% to $1.02 billion. Net rough
imports grew 10% to $11.04 billion.
The nation’s net diamond
account — total rough and polished exports minus total imports — for the
January-to-August period fell 18% to $2.43 billion.
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Tags:
exports, Gem & Jewellery Export Promotion Council, GJEPC, imports, India, net diamond account, polished exports, polished imports, polished-diamond exports, Rapaport News, Rough Diamonds, rough imports
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