India’s Cut & Polished Diamond Exports Up 3.67% in May

Mumbai: Exports of cut and polished diamonds from India were $ 2.05 bn in May 2017, a rise of 3.67% as compared to the $ 1.98 bn in the month of May in year 2016, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.

Rough imports during the month at $ 1.86 bn were up 22.5% in value terms compared to $ 1.52 bn imported during the May in 2016. In volume terms, 15.1 mn carats of rough were imported during the month, a rise of nearly 50% compared to imports of 12.11 mn carats during May ‘16.

Imports of cut and polished diamonds were down 1.9% to $ 244.47 mn in May 2017 from $ 249.07 mn in the same month in 2016.

Exports of cut and polished diamonds in April-May 2017 were up 1.09% to $ 3.80 bn as compared to $ 3.75 bn in the same period a year earlier.

Import of rough diamonds rose to $ 3.61 bn, an increase of 5.97% as compared to $ 3.40 bn during the same period a year earlier. In volume terms, imports rose by 27.31% from 27.51 mn cts in April-May ’16 to 35.02 mn cts in April-May 2017.

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