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India’s Rough Imports Get a Boost in the Last Six Months

India' gross import of rough diamonds has jumped 255% to $9 billion
India Gems Diamonds
Credit: David Talukdar / shutterstock.com

Figures released by India’s GJEPC (Gems and Jewellery Export Promotion Council) and quoted by IDEX Online show that India’ gross import of rough diamonds has jumped 255% to $9 billion from April to September 2021 “as it bounced back from Covid.”

 

Indian Jeweler
Credit: Kalcutta / shutterstock.com

 

Exports of gems and jewelry increased to $19.3 billion – more than double the $8.7 billion in the corresponding period in 2020. In September 2021, overall gross exports of gems and jewelry totaled $3.2 billion – a rise of 29.6% year-on-year. Imports were up 19.5% year-on-year to $2.3 billion in September.

 

Indian Bride
Credit: Sofia Zhuravetc / shutterstock.com

 

Colin Shah, chairman of GJEPC, commented: “The sector has already achieved nearly half (46 per cent) of the $41.66 billion exports target set by the government. The sentiment in the industry is incredibly positive with markets opening up and demand gradually returning to normal.”



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