This apart, by volume, exports fell by 16 per cent to 3.786 million carat, while the average price of the exports rose 2 per cent to $686.78 per carat. Polished imports rose 3 per cent to $600 million during the month. As a result, net polished exports, representing the excess of exports over imports, fell by 20 per cent to $1.619 billion. India’s rough imports declined 17 per cent to $1.006 billion in October and rough exports dropped 37 per cent to $107 million. Net rough imports, or rough imports minus exports, dropped 14 per cent to $899 million. During the first 10 months of the year, India’s polished exports rose 2 per cent to $19.199 billion, while polished imports grew 2 per cent to $6.21 billion. The rough imports rose 7 per cent to $14.557 billion during the 10-month period, and rough exports fell 19 per cent to $1.295 billion. Net rough imports increased 11 per cent to $13.263 billion, adds a report.
Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet