India’s October Polished Diamond Exports Up 56 Percent

Rapaport reported that according to the Gem & Jewellery Export Promotion Council, India’s October polished diamond exports rose 56 percent from the previous year, to $2.155 billion. That amounts to an 18-percent increase in volume, to 3.623 million carats.

As quoted in the market news:

Polished imports rose 53 percent to $585.22 million during the month. India’s net ‎polished exports, representing the excess of exports over imports, grew 56 percent to $1.570 ‎billion.‎

India’s rough diamond imports decreased 18 percent to $1.216 billion in October, while rough ‎exports increased 71 percent to $170 million. Net rough imports, or the excess of ‎imports over exports, fell 25 percent to $1.046 billion.‎

India’s October net diamond account, which is calculated as the total of polished and ‎rough exports less total imports, grew to a surplus of $523.78 million from a deficit of $385.2 million one year ago.‎

Click here to read the full Rapaport report.