| Date: |
16-10-2012 |
| Subject: |
INDIA RECORDS 39% DROP IN POLISHED DIAMOND EXPORTS IN SEPTEMBER |
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India posted a 38.8-percent drop on the year in polished diamond exports in September to almost US$1.51 billion, according to provisional trade data published by the Gems & Jewellery Export Promotion Council (GJEPC).
For the 2012 fiscal year to date, the country's exports of polished diamonds plummeted 41 percent to US$13.29 billion
In the polished diamond imports category, the GJEPC said they dropped 72.3 percent to US$371 million last month.
For the April-September period, polished imports dropped 79.9 percent to US$1.85 billion.
Meanwhile, imports of rough diamonds jumped 44.1 percent to US$1.349 billion in September, but were down almost 13 percent on the year to US$7.0 billion for the fiscal year so far.
As for rough exports, they edged down 1.34 percent to US$157.8 million last month. For the April-September period, rough exports amounted to US$746.1 million, down 13.7 percent on the year-earlier period.
Source : diamondintelligence.com
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