MUMB AI (Commodity Online): According to the provisional figures received from India's Gem and Jewellery Export Promotion Council, the total export of cut and polished diamonds for the month of July 2009 is US $1239 million (Rs 5951 crores) as compared to US $1325 million (Rs 5658 crores) last year, declining by around 7 percent.
There has been a growth of 9 percent in the export of gold jewellery in July this year. The total export of gold jewellery stands at US $627 million (Rs 3011 crores) as compared to US $576 million (Rs 2461 crores) in the corresponding month last year.
Also, there has been a 24 percent rise in the export of coloured gemstones. Last July, around US $20 million (Rs 85 crores) were exported as compared to US $25 million (Rs 118 crores) this year.
The total export of rough diamonds for the month of July 2009 stands at US $41 million (Rs 196 crores) as compared to US $65 million (Rs 278 crores) last year. The overall export has declined by 3 percent.
According to the provisional figures received from the Gem and Jewellery Export Promotion Council, the import of rough diamonds for the month of July 2009 stands at US $848 million (Rs 4152 crores) as compared to US $1138 (Rs 4916 crores) last year. There has been a decline of 25 percent (16 percent in rupees).
The total import of cut and polished diamonds stand at US $763 million (Rs 3734 crores) in July 2009 as compared to US $802 (Rs 3463 crores) last year, thus declining by 5 percent (8 percent in rupees).
Import of other items like gold and non-gold jewellery, colour gemstones, pearls, etc. amount to US $46 million (Rs 227 crores) as compared to US $158 million (Rs 659 crores) in July 2008. The overall import for the month of July 2009 has gone down by almost 13 percent (1 percent in rupees).
Source : Commodityonline.com