India’s polished diamond exports more than doubled in November compared to one year ago, closing the month with a value at $1.34 billion. By volume, exports rose 95 percent to 3.898 million carats as the average price of polished increased 14 percent to $344.44 per carat.
The country's polished imports grew 67 percent to $901.37 million, while its net polished exports, reflecting the excess of exports over imports, rose seven-fold to $441.2 million.
India’s November rough imports increased 43 percent to $897 million, with imports up 88 percent by volume to 15.297 million carats, while their average price fell 24 percent to $58.64 per carat. India significantly curbed its rough imports in November 2008 as the global economic downturn unfolded. The country's rough exports grew 48 percent to $65 million in November 2009 and net rough imports, the excess of imports over exports,rose 43 percent to $832 million. India’s November net diamond account improved by 25 percent to a deficit of $390.8 million.
For the calendar year to date, polished exports fell 12 percent to $12.43 billion, while polished imports declined 3 percent to $6.73 billion. Net polished exports decreased 21 percent to $5.69 billion.
Rough imports for the period extending from January through November fell 37 percent to $6.03 billion as rough exports slumped 16 percent to $641.6 million. Net rough imports fell 38 percent to $5.39 billion. India’s net diamond account for the 11-month period was $306.21 million, compared with a deficit of $1.55 billion one year ago
Source : diamonds.net