According to provisional data released Monday by India’s Gem & Jewellery Export Promotion Council (GJEPC), the country’s polished diamond exports witnessed significant growth during August this year. The export of polished diamonds totaled $1.923 billion in August, soaring 35.9% year-on-year.
The volume of polished diamond exports jumped 23.3% in August to reach 3.77 million carats. The imports of polished diamond also increased 45% to $524.8 million. The net exports by the country totaled $1.398 billion, recording a growth of 33.3% year-on-year.
Rough diamond imports by the country in August stood at $681.6 million, surging 32.5% over the year. Meantime, rough diamond exports by the country during the month fell 16.1% to $135 million. The net imports by the country totaled $546.6 million, higher by 50.8% over the previous year.
As per GJEPC statistics, the country’s polished diamond exports during the initial eight-month period rose 22.7% to $14.448 billion. The polished imports too surged 30% to $4.901 billion. The net exports by the country totaled $9.547 billion, registering a healthy growth of 19.3% over the corresponding eight-month period in 2012.
Also, rough diamond imports during the period from January to August totaled $11.013 billion, improving by 15.8% over the year. Meantime, rough diamond exports by the country during the period jumped by 21.3% to $1.308 billion. The net rough imports by the country totaled $9.705 billion, rising 15.1% over the last year.