India’s Aug. Polished Exports +43%; Net Diamond Acct. -56% - JB News Feed

India's polished diamond exports rose 43 percent to $1.31 billion in August 2007, according to data released by the Gem & Jewellery Export Promotion Centre.

Polished imports jumped 187 percent from one year ago to $473.76 million during August, bringing India’s net polished exports (polished export less exports) up 11 percent to $843.24 million.

India’s rough imports grew 116 percent to $682.21 million in August, while its rough exports rose 52 percent to $47.72 million. Net rough imports (imports minus exports) soared 123 percent to $634.49 million.

India’s August net diamond account (net polished exports less net rough imports) fell 56 percent to $208.75 million.

Provisional data for the 2007 calendar year to date showed that India’s polished exports grew 16 percent to $8.46 billion, while polished imports rose 113 percent to $2.19 billion. Net polished exports for the first eight months of the year were basically flat at $6.26 billion.

Rough imports grew 24 percent to $6.45 billion so far in 2007, as rough exports increased 16 percent to $331.42 million. Net rough imports rose 25 percent to $6.12 billion.

India’s net diamond account for January through August declined 90 percent to $137.98 million.

India’s total gem and jewelry exports grew 31 percent to $1.87 billion in August, while imports climbed 109 percent to $1.33 billion. Gold jewelry exports were up 6.6 percent to $468.25 million and imports grew 15.5 percent to $34.79 million for the month.

Among India's other jewelry categories, exports of colored gemstones rose 5 percent to $23.3 million, while pearl exports surged 154 percent to $31,000. Exports of non-gold jewelry increased 22 percent to $16.95 million during the month.

Posted by Posted by Jewelry News at Wednesday, September 19, 2007 6:20 AM
Categories: Diamonds, India, International Jewelry News
 

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