India’s gem and jewelry exports during the first quarter of the current fiscal year came to $9.2 billion, the Gemkonnect news service reported.
During the period between April and June, India imported $5.4 billion in rough diamonds, up 17.08%, while cut and polished diamonds’ exports amounted to $5.8 billion, up 3.19% from the same period last year.
Gold imports for Q1 2017 stood at $569 million, while overall gem and jewelry imports amounted to $8.7 billion.
Global gold demand slipped 10% to 953 tons in the second quarter of 2017 over a significant downturn in Exchange Traded Funds’ inflows, a World Gold Council report said. Investment demands fell 34% to 297 tons between April and June.
