According to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC), India’s polished diamond exports increased 8.85% year on year to $1.78 billion in April, while holding steady (- 2.5%) on last month's gains. By volume, polished exports increased 3.1% to 2.6 million carats. The other main indicator for India's trade health, rough diamond imports, surged 37% year on year to $1.88 billion in April, which also represents a 35% increase over March 2016. During the first four months of the calendar year (India's diamond fiscal year begins in April), India’s polished diamond exports have fallen 6.5% year on year to $6.99 billion, while rough imports have increased 21% to $5.81 billion, in keeping with strong sales figures from the major minors and Antwerp's surging rough exports.
On the minor key of the Indian diamond industry, polished imports declined 8.6% to $223.1 million, while rough exports fell 23% to $86.1 million. India also imported $5.5 million of rough synthetic stones, while polished synthetic imports totaled $10 million and exports were $7.8 million. On the other important markets, gold jewelry exports surged 50.28% to $735 million compared to $626 million in February 2015. Silver jewelry exports jumped 154% to $300 million compared to $122.2 million as compared to exports in the same month of 2015.