Exports of polished diamonds from India rose 4.87% in January to $ 1.793 billion (2.78 million carats), compared to $ 1.709 billion (2.64 million carats), according to preliminary figures from the Council for the Promotion of the Export of Precious Stones and Jewelry in India ( Gem & Jewelery Export Promotion Council, GJEPC).
However, between April 2014 and January 2015, polished exports reached $ 19.1116 billion (28.67 million carats) compared to $ 20.348 billion (30.03 million carats) in the same period last year, a decline of 6%.
The export of diamonds decreased in January this year by 14.34% to $ 106.45 million (3.02 million carats) compared to $ 124.27 million (3.04 million carats) in January 2014. Between April 2014 and January 2015, diamond exports decreased 14.34% to $ 1.175 billion (27.60 million carats) vs. $ 1.288 billion (36.12 million carats) for the period from April 2013 to January 2014.
The import of rough diamonds reached $ 851.38 million (8.78 million carats) in January 2015 compared to $ 1.257 billion (11.95 million carats) in January 2014, a decline of 32.27%. However, for the nine months from April of last year to January of this year, imports of diamonds were able to grow by 2.2%, from $ 13.855 billion (138.16 million carats) to $ 14.160 billion (122.81 million carats).
Import of diamonds registered at $ 372.7 million in January 2015, a drop of 27.23% compared with $ 512.19 million in January last year. For the period April 2014-January 2015, the growth of this indicator was 14.46% - from 5.27 billion to $ 6.03 billion.
The drop in polished imports in January may be due to the government's policy aimed at reducing this indicator, which, like it is expected to help local cutting companies.