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India's Polished Diamond Exports -7% in January

Rough imports -11 % to $986.41 million during the month.
Feb 18, 2013 6:35 AM   By Dilipp S Nag
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RAPAPORT... India’s polished diamond exports declined 7 percent year on year to $1.689 billion in January 2013, the Gem & Jewellery Export Promotion Council (GJEPC) reported Monday. By volume, polished exports fell 11 percent to 3.122 million carats during the month, while the average price ‎per carat jumped 4 percent to $540.94.

Imports of polished diamonds to India fell 39 percent to $597.70 million during January. Net polished exports, representing the excess of exports over imports, rose by 30 percent to $1.091 billion.

Rough imports to India declined 11 percent to $986.41 million during the month. By volume, rough imports fell 6 percent to 10.869 million carats. However, rough ‎exports rose 13 percent to $173.38 million in January. Net rough imports, representing rough imports less exports, fell 15 percent to $813.03 million.

India’s January net diamond account, representing total exports less total imports, recorded a surplus of $278.08 million, compared with a deficit of $115.45 million one year ago.
Tags: Dilipp S Nag, exports, GJEPC, imports, India, Polished Diamonds, Rapaport, Rough Diamonds
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