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India’s Diamond Trade Grows in 2017

Jan 22, 2018 8:23 AM   By Rapaport News
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RAPAPORT... India’s polished-diamond exports increased 2.1% to $23.09 billion in 2017 as the nation shipped out a higher volume of goods.

By weight, exports jumped 14% to 37.3 million carats, while the average price slipped 11% to $620 per carat, Rapaport calculations show. Net polished exports — representing exports minus imports — jumped 3.8% to $20.71 billion, according to the figures, which are based on monthly data published by the nation’s Gem & Jewellery Export Promotion Council (GJEPC).

Rough imports grew 11% to $18.46 billion, while exports increased 7% to $1.52 billion. Net rough imports — imports minus exports — rose 11% to $16.94 billion.

India’s 2017 net diamond account — calculated as total rough and polished exports minus total imports, measuring the added value of the nation’s diamond industry — declined 20% to $3.76 billion.

In December, India’s polished exports increased 8% to $1.59 billion, while rough imports leapt 56% to $2.18 billion.
Tags: data, exports, Gem & Jewellery Export Promotion Council, GJEPC, imports, India, net diamond account, net polished exports, Net rough imports, polished exports, polished-diamond exports, Rapaport News, rough imports, trade data
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