According to preliminary data of the Indian Council for the Promotion of Gem and Jewelery Export Promotion Council (GJEPC), the export of diamonds from India in October 2013 grew by 56% compared to the previous year, reaching $ 2.155 billion. In terms of volume, exports grew by 18% and amounted to 3.623 million carats, reports Rapaport.
Indian diamond imports rose 53% in October to $ 585.22 million. Net exports of diamonds from India (the difference in exports and imports) increased by 56% to $ 1.57 billion.
Imports of rough diamonds to India in October 2013 fell 18% to $ 1.216 billion, while exports increased by 71% to $ 170 million. Net imports of diamonds (excess of imports over exports) decreased by 25% to $ 1,046 billion.
India's net diamond account for October (the difference in aggregate exports and imports of diamonds and diamonds) reached a positive value of $ 523.78 million compared to a deficit of $ 385.2 million a year earlier.
According to Rapaport News, in the first ten months of 2013, polished exports from India increased by 26% to $ 18.278 billion, and polished imports - by 33% to $ 6.092 billion. Imports of rough diamonds increased by 9% to $ 13.512 billion, and exports to 16% to $ 1.601 billion.