Figures quoted by Rough & Polished show that India’s gem and jewelry exports dropped 23.61% to $2.42 billion in July 2017.
Cut and polished diamonds exported reached totaled $1.645 billion, compared to $1.651 billion in July 2016. Imports of cut and polished diamonds fell 8.4% to $227.9 million, compared to $248.88 million in July 2016. Rough diamond imports totaled $1.33 billion – a 6.1% fall year-on-year. In volume terms, imports totaled 13.7 million carats – a 16% increase year-on-year.
Exports of coloured gemstone rose to $12.1 million. Exports of gold jewelry (both studded and fell 32% to $411.37. Silver jewellery exports also dropped – from $336.41 in July 2016 to $185.93 million in July 2017.
