India’s continued to see growth in its polished diamond trade in May, particularly as imports surge to satisfy local demand. The Gem and Jewellery Export Promotion Council reported that polished exports grew 32 percent to $1.28 billion in May 2008. Polished imports, however, rose 71 percent to $482.76 million bringing the country’s net polished exports (polished exports less imports) 17 percent higher to $799.12 million for the month.

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