Advanced Search

India’s Polished Diamond Exports +9% in April

May 24, 2016 2:50 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India’s polished diamond exports jumped 8.8 percent year on year to $1.78 billion in April, according to provisional data provided by the Gem & Jewellery Export Promotion Council. By volume, polished exports increased 3.1 percent to 2.6 million carats. Polished imports declined 8.6 percent to $223.1 million, leaving net polished exports 12 percent higher at $1.56 billion.

Rough diamond imports surged 37 percent to $1.88 billion and rough exports slumped 23 percent to $86.1 million, leaving net imports 43 percent higher at $1.79 billion. India’s net diamond account, which is calculated as the difference between net polished exports and net rough imports, swung to negative $237.6 million from positive $132.5 million a year earlier.

During the month, India imported $5.5 million of rough synthetic stones. Polished synthetic imports, meanwhile, totaled $10 million and exports were $7.8 million.

In terms of diamond trading for the first four months of the calendar year, Rapaport News calculated that India’s polished diamond exports fell 6.5 percent year on year to $6.99 billion, while polished imports dived 42 percent to $903.3 million. Net polished exports increased 3 percent to $6.08 billion.

Rough imports increased 21 percent to $5.81 billion, while rough exports increased 4.1 percent to $480.4 million, leaving net rough imports 22 percent higher at $5.33 billion. India’s net diamond account in January through April fell 51 percent to $754.9 million.
Tags: imports and exports, India, mumbai, polished, polished exports, polished imports, Rapaport News, rough, Surat, trade data
Similar Articles
AWDCBelgium Diamond Trade Slows
Sep 11, 2019
Belgium’s diamond trade continued its decline in August, with rough and polished shipments slowing. Polished
© Copyright 1978-2019 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.