| Date: |
26-09-2011 |
| Subject: |
India's Net Polished Diamond Trade Down 14% in August |
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India's gross polished diamond exports increased by 2.7 percent to $2.37 billion in August, the month when the important IIJS show is held. Net exports totaled $ 801.8 million, based on figures released by the GJEPC.
The net exports are a 13.9 percent decline in the dollar value of net exports as compared to August 2010. The decline may be a partial reflection of the trading slowdown that the diamond industry started to experience in August.
The volume of India's gross exports in August, 5.02 million carats, is a 16.4 percent decline from last year.
The Indian diamond sector has been fraught with issues related to soaring prices of both rough and polished diamonds, while liquidity is becoming a growing concern.
Source : idexonline.com
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