India’s Polished Exports Jump 11% In November

(IDEX Online News) – India's polished diamond exports in November rose 11 percent to $1.56 billion from $1.41 billion a year before, the Gem & Jewellery Export Promotion Council (GJEPC) reported.

In volume terms, exports dropped to 3.16 million carats from 3.79 million carats in November 2013.

For the April-November period, there was a 7.7-percent decline in exports of polished goods to $15.9 billion from $17.18 billion last year. India's fiscal year runs from April 1 to March 31.

In imports of polished goods, there was an 8.5-percent increase last month on the year to $1.41 billion from $1.54 billion last year. In volume terms, imports came to 11.3 million carats from 15.0 million carats in November 2014.

For the fiscal year to date, rough imports have risen by 8.51 percent to $11.9 billion from $10.9 billion a year earlier, while in volume terms they declined by 8.3 percent to 99.9 million carats from 109.0 million carats during the same period last year.

The GJEPC also reported that exports of gold jewelry (plain and gemstone-set) jumped 28 percent last month to $679.5 million from $530.8 million a year ago.

For the April-November, cumulative gold jewelry exports stood at $6.42 billion, up from $4.98 billion for the same period a year ago.