India’s Rough Diamond Imports Continued to Rise in October.

Six months into the fiscal year, and India is clearly importing more rough. In the April-October period, India imported a net of $6.02 billion worth of rough diamonds, a 45.4 percent increase from the first half of fiscal 2009-2010.

According to provisional figures released by the Gem & Jewellery Export Promotion Council (GJEPC), India’s net rough diamond imports in October reached $797.7 million. The country imported a net of 8.96 million carats during the month.

Year-over-year, the month’s net imports were a 43.2 percent increase in value but a small 2.3 percent increase in volume, once again demonstrating the rise in rough diamond prices.

For the six month period, the volume of net imports increased by 14.2 percent to 72.7 million carats.

Source : idexonline.com