Indian Polished Diamond Exports Up 4.4 Percent in February

Rapaport reported that in February, India’s polished diamond exports increased by 4.4 percent from the previous year, hitting $2.298 billion. The data comes from the Gem & Jewellery Export Promotion Council.

Other statistics are as follows:

Polished imports fell 15.2 percent to $405 million, leaving net exports up 18.3 percent at $1.893 billion.

Rough imports plummeted 23.2 percent to $1.121 billion, while rough exports fell 22 percent to $88 million, leaving net imports down 25 percent at $1.033 billion. India’s net diamond account in February, reflecting the difference between net exports and imports, jumped 286 percent year on year to $860 million.

Meanwhile, rough synthetic stone imports jumped 46.9 percent to $6.36 million in February, while polished synthetic imports rose 68.7 percent to $6.68 million and synthetic exports fell 37.1 percent to $6.88 million.

Click here to read the full Rapaport report.