Industry News by Nemesis

India’s June Polished Diamond Export Slightly Down; Rough Imports Down 20.2%

July 19, 2016

India’s cut & polished diamond exports for June 2016 amounted to $1.846 bn as against $1.853 bn in June ’15, a drop of 0.38 percent. In volume terms too, exports amounted to 2.62 mn cts in June ‘16 in comparison to 2.72 mn cts in June‘15, according to provisional data announced by the Gem & Jewellery Export promotion Council (GJEPC) of India. 
 

Rough imports recorded a drop of 20.21 percent to $ 1.20 bn for June ’16 as against $ 1.50 bn in June ’15. In volume terms too, a decreased amount of 10.82 mn cts of rough was imported in June ’16 compared to 12.89 mn cts for the same month in year 2015, registering a drop of 15.9 percent. 
 

Rough exports showed an increase of 26.59 percent, registering $129.74 mn for June ‘16 as against $102.49 mn for June ‘15. In volume terms too, rough totalling about 2.59 mn cts were exported in June ’16 compared to 2.19 mn cts for the same month in the previous year, registering an increase of 18.16 percent. 
 

For the month of June ’16, cut & polished diamonds imported increased by 5.16 percent, recording about $252.31 mn as against $239.93 mn in June ’15. 

 

Source: Rough&Polished

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