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Strong Rise in India’s June Rough Diamond Imports

July 29, 07 by Edahn Golan

India’s imports of rough diamonds in June rose 24.57 percent in volume to 16.6 million carats worth $946.15 million, a 35.7 percent rise in value. The average value of rough diamond imports was $57 p/c (per carat).

 

According to provisional data published by the Gem & Jewellery Export Promotion Council (GJEPC), India imported in the first three months of the fiscal year 40.223 million carats of rough diamonds worth $2.47 billion. This is a 3.4 percent decline in volume compared to the first quarter of last year, and a 14 percent rise in value.

 

The average value of India’s rough imports in the April-June period was $61.41 p/c.

 

Conversely, rough diamond exports declined sharply in June. According to the GJEPC, India exported 2.269 million carats worth $46.24 million, declining 21.28 percent in volume and 8.64 percent in value. The average value of exports was $20.38 p/c.

 

Exports were on a downward slope on a quarterly basis as well. Exports of 5.432 million carats worth $128.23 million were 35.24 percent below last year’s figures in volume and 2.59 percent in value.

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