India’s Net Polished Exports +148% to $989M in NovemberDecember 20, 10
The country’s Imports declined 34 percent to $596.3 million, for net exports of $989.2 million in November. Net exports ballooned 148.2 percent from the $398.6 million exported in November 2009.
The sharp rise in exports is a promising indicator for the holiday season, mainly in the U.S., India’s main polished diamond exports destination.
In volume, gross exports have however decreased by 8.9 percent to 3.5 million carats. This translates to a 30.1 percent increase in the average value of exports - $448.66 p/c.
Imports of 1.7 million carats averaged $351.81 p/c, while net exports of 1.8 million averaged $537.92 p/c.