INDIA’S POLISHED DIAMOND EXPORTS SURGE IN MARCH
The latest numbers posted by India’s Gem and Jewellery Export Promotion Council (GJEPC), and quoted by IDEX Online, show that the country’s polished diamond exports rose 8.5% year-on-year in March to $2.03 billion.
From April 2017 to March 2018, polished exports increased by 4.2% year-on-year to $23.7 billion. As for imports of rough diamonds, these rose 5.3% to $1.68 billion in March, “while rough imports for April to March jumped 10.6% to $18.9 billion”.
Last week, GJEPC released the overall exports of the Indian gem and jewelry industry for fiscal 2017-18. According to Gem Konnect, these stood at $40.97 billion – a 5.06% drop over fiscal 2016-17. On the bright side, there was a 4.17% growth in the loose cut and polished diamond segment, which totaled $23.73 billion. In volume terms, exports of that segment totaled 34.86 million carats, compared with 32.21 million carats in fiscal 2016-17. Gold jewelry exports grew 10.91% to $9.67 billion, while exports of silver jewelry dropped 15.8% to $3.39 billion. Coloured gemstone exports were up 3.14% to $433.31 million.