Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

India's Polished Diamond Exports +11% in November

Dec 18, 2014 9:01 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... India's polished diamond exports jumped 10.8 percent year on year to $1.559 billion in November, according to preliminary data from the Gem & Jewellery Export Promotion Council. By volume, exports rose 41.8 percent to 2.59 million carats. Polished imports, meanwhile, surged 124.9 percent to $882 million, leaving net exports down 5 percent at $677 million.

Rough imports rose 35.6 percent in November to $1.545 billion and rough exports increased 18.8 percent to $94.4 million. Net rough imports surged 36.9 percent $1.451 billion, leading to a net diamond account -- the difference between net imports and net exports -- with a deficit of $774 million compared with a deficit of $347 million one year earlier.

The country's synthetic diamond trade proved quite volatile in November. Polished synthetic stone exports fell 39.6 percent to $4.3 million, while rough synthetic imports rose 4.7 percent to $6.3 million and rough exports fell 28.2 percent to $1 million.

During the first 11 months of the calendar year, India’s natural polished diamond exports improved 7.1 percent year on year to $20.758 billion, while polished imports grew 9.4 percent to $7.092 billion, leaving net exports up 5.9 percent to $13.666 billion.

India’s rough imports jumped 10 percent to $16.102 billion, while rough exports fell 17.3 percent to $1.389 billion, leaving net imports up 13.4 percent to $14.713 billion. The net diamond account for the first 11 months of the year fell deeper into a deficit at $1.047 billion compared with a deficit of only $73 million one year ago.

Tags: deficit, diamonds, exports, imports, India, Jeff Miller, polished, stones, synthetic
Similar Articles
Polished diamondsIndia’s Asian Star Sees Sales Plunge
Sep 29, 2020
Sales and profit plummeted at Indian diamond manufacturer Asian Star...
HB Antwerp Aims to Shake Up Large-Stone Market
HB Antwerp Buys Sightholder’s Cutting Factory
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