Indian diamond exports jumped 35.9% on a year-on-year basis to $ 1.923 billion in August 2013, according to preliminary figures from the Gem and Jewelery Export Promotion Council (GJEPC).
By volume, polished exports from India increased by 23.3% year-on-year to 3.77 million carats. Imports of diamonds in value terms jumped by 45% to $ 524.8 million, thus, net polished exports for August increased by 33.3% to $ 1.398 billion.
Indian rough diamond imports jumped 32.5% year-on-year to $ 681.6 million, while raw material exports fell 16.1% to $ 135 million. Net Indian imports of rough diamonds in August 2013 were 50 , 8% above the corresponding value in August 2012 and reached $ 546.6 million. The
Indian net diamond account, reflecting the difference in net exports and imports, increased to $ 851.4 million in August from $ 686.7 million a year earlier.
As a result of the first eight months of the 2013 calendar year, Indian polished exports, Rapaport estimates, showed a 22.7% increase to $ 14.448 billion, while imports jumped 30% to $ 4.901 billion.