polished exports from India showed an increase of 37% on a year-on-year basis to $ 1.832 billion, Rapaport reported citing figures from the Gems and Jewelery Export Promotion Council (GJEPC). In terms of volume, polished exports grew by 14% year-on-year to 2.547 million carats.
Imports of polished diamonds increased 12% to $ 400.32 million in the reporting month. Indian Indian polished exports soared 47% to $ 1.432 billion.
Indian rough imports for April rose 22% to $ 1.921 billion, while exports of raw materials jumped 110% to $ 242.13 million. Net imports of rough diamonds rose 15% year-on-year to $ 1.679 billion.
The Indian net diamond account (the difference in aggregate polished exports and diamond imports) in April was negative at $ 277.4 million compared to a deficit of $ 489.7 million in the same period last year.
In the first four months of 2013, Indian polished exports increased 15% to $ 7.701 billion, while polished imports fell 7% to $ 2.594 billion. Imports of rough diamonds in January-April 2013 increased by 3% to $ 5.641 billion, exports of diamond raw materials jumped by 30% to $ 786 million. The
Indian net diamond account increased to a positive value of $ 294.84 million compared with a deficit of $ 947 million a year earlier.