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Bouncing Back: India’s Diamond Exports Reach $1.1 Billion in November

Exports reached more than $1.1billion - a jump of 92% year-on-year
India Gems Diamonds
Credit: David Talukdar / shutterstock.com

Diamond exports from Surat, the world’s largest diamond cutting and polishing center, almost doubled in November, IDEX Online reports.

 

India wedding diamond ring
Credit: Sukpaiboonwat / shutterstock.com

 

In November 2019, India exported diamonds worth $620 million. In November 2020, exports reached more than $1.1 billion – a jump of 92% year-on-year, the Gem and Jewellery Export Promotion Council (GJEPC) reported.

 

Indian Jeweler
Credit: Kalcutta / shutterstock.com

 

After suffering from lockdowns and reduced operational capacity for months due to the COVID-19 pandemic, Surat’s 7,000 manufacturing units took “only a five-day break for Diwali last month and buoyed by demands for Christmas and the Chinese New Year (February 2021)”. According to Dinesh Navadiya, regional GJEPC chairman, “after COVID-19 lockdown, the diamond industry is getting back on track from November first week”.



Tags: Diamonds News, Diamond Industry News, Diamond Prices News, India News

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