RapNet


Rapaport News

 

Polished Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

India’s Diamond Trade Grows in 2017

Polished exports up 2% by value, 14% by volume.
Jan 22, 2018 8:23 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... India’s polished-diamond exports increased 2.1% to $23.09 billion in 2017 as the nation shipped out a higher volume of goods.

By weight, exports jumped 14% to 37.3 million carats, while the average price slipped 11% to $620 per carat, Rapaport calculations show. Net polished exports — representing exports minus imports — jumped 3.8% to $20.71 billion, according to the figures, which are based on monthly data published by the nation’s Gem & Jewellery Export Promotion Council (GJEPC).

Rough imports grew 11% to $18.46 billion, while exports increased 7% to $1.52 billion. Net rough imports — imports minus exports — rose 11% to $16.94 billion.

India’s 2017 net diamond account — calculated as total rough and polished exports minus total imports, measuring the added value of the nation’s diamond industry — declined 20% to $3.76 billion.

In December, India’s polished exports increased 8% to $1.59 billion, while rough imports leapt 56% to $2.18 billion.
Tags: data, exports, Gem & Jewellery Export Promotion Council, GJEPC, imports, India, net diamond account, net polished exports, Net rough imports, polished exports, polished-diamond exports, Rapaport News, rough imports, trade data
Similar Articles
JCK lab grownJCK Lab-Grown Section Shows Rising Demand
Jul 10, 2019
At JCK Las Vegas, lab-grown-diamond exhibitors havemushroomed nearly as much as opinions...
Recycled-Jewelry Veteran Joins Fortuna
Rapaport Weekly Market Comment
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us