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India’s Polished Exports Jump in January

Feb 27, 2018 10:44 AM   By Rapaport News
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RAPAPORT... Polished-diamond shipments out of India increased in January, according to data from the nation’s Gem & Jewellery Export Promotion Council (GJEPC).

Polished exports climbed 29% year on year to $2.08 billion and, by volume, rose 20% to 2.7 million carats. The average price grew 7% to $766 per carat.

Polished imports dropped 21% to $136 million, while net polished exports — the excess of exports over imports — surged 35% to $1.95 billion.

Rough imports saw a 14% increase to $1.44 billion, while rough exports slid 29% to $105 million. Net rough imports soared 19% to $1.33 billion.

The country’s net diamond account — the sum of rough and polished exports minus total imports — jumped 87% to $615.4 million.
Tags: Gem & Jewellery Export Promotion Council, GJEPC, India, polished exports, polished-diamond exports, Rapaport News
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