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India's Polished Diamond Exports Increased 11%

India's polished diamond exports jumped 10.8 percent year on year to $1.559 billion, according to preliminary data from the Gem & Jewellery Export Promotion Council. By volume, exports rose 41.8 percent to 2.59 million carats.

From: iAbrasive.comDate: 2015-01-06 08:31:21Views: 289

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India's polished diamond exports jumped 10.8 percent year on year to $1.559 billion, 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. 

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