The export of Indian diamonds in October 2014 reached $ 2.22 billion (3,164,000 carats), compared to $ 2.6 billion (3,786,000 carats) in October 2013, a drop of 14.67%, according to figures published by the Indian Council for Export Promotion precious stones and jewelry (Gem & Jewelery Export Promotion Council, GJEPC). Exports for the period from April to October 2014 amounted to $ 14.3 billion (21,335,000 carats), compared to $ 15.8 billion (23,257,000 carats) for the same period last year, falling registered at 8.26%.
In terms of rough diamonds, exports also fell to $ 106.97 million (2,876,000 carats) in October 2014, from $ 170.12 million (3,760,000 carats) in October 2013, a decline of 37.12% . In April-October 2014, diamond exports totaled $ 874.06 million (19,989,000 carats), down 10.81%, last year, diamond exports were $ 979.96 million (28,438,000 carats) for the same period.
On the contrary, diamond imports rose 6% in April-October 2014 to $ 10.4 billion (83,452,000 carats), the 2013 level was $ 9.8 billion (94,239,000 carats). However, in October 2014, compared with October 2013, growth was replaced by a 17.34% drop from $ 1.2 billion (12,762,000 carats) to $ 1 billion (8,977,000 carats).
Imports of diamonds to India also increased in April-October 2014 by 8.88% compared to 2013 ($ 4.34 billion and $ 3.99 billion respectively). When comparing the volume of polished imports in October 2014 and 2013, we can note an increase of 2.55% to $ 600.09 million versus $ 585.19 million.
Imports of diamonds from special economic zones throughout India, as well as the zone of internal tariffs in Mumbai continue to increase , even despite the government's attempts to slow the flow of processed stones into the country.