India’s Nov. Polished Diamond Exports Fall 53% From Oct., -10% vs 2015

21/12/2016 23:20

According to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC), India’s November polished diamond exports fell 53% in value from total exports in October, from $2.52b to $1.18b, and declined 10% year-over-year for November. In terms of volume, polished exports fell 51.5% from 3.3 million carats to 1.6 million carats compared to October. Exports of polished diamonds in the April-November period increased by 12% on the year to $15.41 billion. Meanwhile, rough diamond imports fell 5.5% in value and 25% in volume from October, but  jumped 91% year-over-year to $1.19 billion.

One of the main indicators of the Indian trade - exports of polished diamonds - increased in the April-November period (India's fiscal diamond year begins in April) to $15.41 billion, or 12% y-o-y, while the volume of polished exports declined by a slight 4%. The other indicator - imports of rough diamonds - increased 30.5% in value and 15% in volume compared to the first eight months of 2015.