RapNet


Rapaport News

 

Polished Markets

 

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

India Starts Year with Export Slump

Rough and polished trading declines in January.
Feb 20, 2019 8:18 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... India’s polished-diamond exports dropped 16% to $1.75 billion in January, continuing their recent weakness. A slide in the volume of shipments outweighed a higher average price, according to data the Gem & Jewellery Export Promotion Council (GJEPC) released this week. Rough imports also plunged, mirroring a similar trend in the Belgian market in January as demand from manufacturers slowed. The month is usually stronger due to post-holiday restocking by retailers and dealers.

India Trade Data for January 2019

$ Millions unless stated otherwise Jan 2019 Year-on-year change
     
Polished exports $1,748 -16%
Polished imports $86 -37%
Net polished exports $1,662 -15%
Rough imports $858 -40%
Rough exports $102 -3%
Net rough imports $756 -43%
Net diamond account $906 47%
     
Polished exports: volume 2.2 million carats -20%
Average price of polished exports $799/carat 4%


Source: Gem & Jewellery Export Promotion Council; Rapaport archives

About the data: India, the world’s largest diamond-cutting center, is a net importer of rough and a net exporter of polished. As such, net polished exports — representing polished exports minus polished imports — will usually be a positive number. Net rough imports — calculated as rough imports minus rough exports — will also generally be in surplus. The net diamond account is total rough and polished exports minus total imports. It is India’s diamond trade balance, and shows the added value the nation creates by manufacturing rough into polished.

Image: The Gateway of India in Mumbai. (Güldem Üstün/Flickr)
Print Print Facebook Facebook Twitter Twitter Share Share
Tags: exports, Gem & Jewellery Export Promotion Council, GJEPC, imports, India, net diamond account, net polished exports, Net rough imports, polished, polished exports, polished imports, polished-diamond exports, Rapaport News, rough, rough exports, rough imports, trade data
Similar Articles
Antwerp BeursAntwerp Bans Lab-Grown from Trading Floors
Oct 10, 2019
The Federation of Belgian Diamond Bourses has introduced aban on lab-grown...
Pink Diamond Nets $20M at Sotheby’s
WFDB Prepares Master Plan to Boost Relevance
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