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India’s Polished Exports Edge Up

Rapaport reports that India’s polished-diamond exports grew slightly in February, according to data from the nation’s Gem & Jewellery Export Promotion Council (GJEPC).

“Polished exports increased 0.5% year on year to $2.43 billion and, by volume, fell 6% to 3.1 million carats. The average price rose 6% to $791 per carat.

Polished imports dropped 12% year on year to $158.3 million, while net polished exports — the excess of exports over imports — jumped 2% to $2.27 billion.

Rough imports climbed 11% to $1.68 billion, while rough exports plunged 23% to $111.4 million. Net rough imports were up 14% to $1.57 billion.

The country’s net diamond account dropped 19% to $703.1 million.” says Rapaport.