Mumbai: India's exports of cut and polished diamonds recorded at $ 2.41 bn in Feb. 2017 as compared to the US$ 2.34 bn in the same month in Feb.2016, a rise of 3.27%, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).
Rough imports during Feb. 2017 at $ 1.51 bn were down 2.9% in value terms compared to $ 1.55 bn imported during February 2016. In volume terms, 17.8 mn cts of rough were imported during the month, a rise of 14.1% compared to imports of 15.6 mn cts during Feb. ‘16.
Imports of cut and polished diamonds were down 19.8% to $ 177.89 mn in Feb. 2017 from $ 221.73 mn in the same month a year earlier.
Exports of cut and polished diamonds for the Apl 2016-Feb. 2017 period were up 11% to $ 20.92 bn as compared to $ 18.84 bn during the same period a year earlier.
During the fiscal year to date, Import of rough diamonds rose to $ 15.46 bn, an increase of 22.17% as compared to $ 12.66 bn a year earlier. In volume terms, imports rose by 10.63% from 123.4 mn cts in April ‘16- February ’17 to 136.5 mn cts in the same period this year.
