In November of this year, polished exports from India rose 10.81% to $ 1.56 billion (2.6 million carats) vs. $ 1.41 billion (1.8 million carats) a year earlier, the Indian Council for Assistance export of precious stones and jewelry (Gem & Jewelery Export Promotion Council, GJEPC).
However, for the period from April to November 2014, this figure was $ 15.9 billion (23.9 million carats) compared to $ 17.2 billion (25.3 million carats) for the same period last year, a drop of 7.71%.
Import of diamonds reached $ 1.55 billion (15 million carats) in November this year, increasing from $ 1.1 billion (11 million carats) in November last year, the growth reached a value of 35.57%. Between April and November 2014, diamond imports reached $ 12 billion (100 million carats), in 2013 the figure was $ 11 billion (109 million carats), an increase of 8.51%.
Import of diamonds in November was at the level of $ 882 million compared with the volume of $ 392 million last year and grew by almost 125%. For April-November, these figures were $ 5.2 billion and $ 4.4 billion in 2014 and 2013, respectively (19% growth).
The increase in polished imports is related to the activity of importers working in the local tariff zone in Mumbai, while imports in the special economic zones of India showed a rapid decline.