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India’s Diamond Trading Advances in May

Jun 20, 2016 10:01 AM   By Rapaport News
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RAPAPORT... India’s polished diamond exports jumped 13 percent year on year to $1.97 billion in May, according to provisional data from the Gem & Jewellery Export Promotion Council. By volume, polished exports surged 15 percent to 3 million carats. Polished imports soared 27 percent to $249.1 million, leaving net polished exports 11 percent higher at $1.72 billion.

Rough diamond imports leapt 15 percent to $1.52 billion and rough exports increased 7.9 percent to $127 million, leaving net rough imports 16 percent higher at $1.4 billion. India’s net diamond account, which is calculated as the difference between net polished exports and net rough imports, declined 3.8 percent to $329 million.

During the month, India imported $4.5 million of rough synthetic stones. Polished synthetic imports, meanwhile, totaled $12.5 million.
Tags: Gem & Jewellery Export Promotion Council, GJEPC, imports and exports, India, polished, Rapaport News, rough, trade, trade data
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