| Date: |
18-05-2011 |
| Subject: |
India's Polished Exports +6% in April |
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India’s polished diamond exports rose 6 percent year on year to $2.04 billion in April 2011, the Gem & Jewellery Export Promotion Council (GJEPC) reported. By volume, exports fell 8 percent to 4.945 million carats as the average price on the goods increased 15 percent to $411.57 per carat.
Polished imports grew 16 percent to $1.48 billion and net polished exports, representing exports less imports, dropped 16 percent to $552.8 million.
Rough imports rose 36 percent to $1.31 billion, while rough exports rose 20 percent to $94.9 million. Net rough imports, the excess of imports over exports indicating the amount of goods that remained in the country for manufacturing, grew 38 percent to $1.22 billion.
India’s April net diamond account, representing total exports of polished and rough less total imports, fell to a deficit of $666.9 million, compared with a deficit of only $230.7 million in April 2010.
For the first four months of the calendar year, India’s polished exports rose 39 percent to $11.21 billion while polished imports grew 75 percent to $9.46 billion. Net polished exports fell 34 percent to $1.75 billion. Rough imports rose 23 percent to $4.6 billion and rough exports increased 56 percent to $465 million. Net rough imports grew 20 percent to $4.13 billion.
India’s net diamond account for January through April fell to a deficit of $2.38 billion, compared with a deficit of $781.3 million one year ago.
Source : diamonds.net
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