Diamonds and money bills

India: Diamond Exports Fall Sharply in August 2023

According to the latest data from the Gem and Jewellery Export Promotion Council (GJEPC), quoted by Rough & Polished, India’s total gross export of Cut & Polished diamonds in August amounted to $1360.39 million – a 27.61% decline year-over-year.

 

Cut & Polished diamond imports for August totaled $174.70 million, reflecting a significant growth of 32.58% year-over-year.

 

From April to August 2023, exports of Cut & Polished diamonds totaled $7028.31 million – a 30.27% fall year-over-year. Cut & Polished diamond imports for the period reached $621.25 million, showing a modest growth of 0.72% year-over-year.

 

Meanwhile, from April to August 2023, provisional gross exports of Polished LGDs totaled $562.54 million, showing a decline of 26.55% year-over-year.

 

LGD seed lab diamonds

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