Data released by India’s Gem & Jewellery Export Promotion Council (GJEPC) and quoted by Rough & Polished shows that exports of cut and polished diamonds totaled $1.93 billion in October – down 23.33% year-on-year.
Rough imports in October totaled $806 million – down 35.7% year-on-year. In volume terms, 9.44 million carats of rough were imported, down 16.4% compared to October 2016. Imports of cut and polished diamonds dropped 29.86% to $137.54 million in October.
Polished diamond exports for the first seven months of the fiscal year 2017-18 were down 2.76% year-on-year to $13.83 billion. Import of rough diamonds during the same period fell 1.51% year-on-year to $9.97 billion. In volume terms, imports rose 26.24% to 106.5 million carats.
