India’s polished diamond exports rise 20% in November

In November 2012, India noted a 20 percent increase (on y-o-y basis) in its polished diamond exports, which stood at $1.415 billion, reports say. In volume terms the said exports dropped 10 percent to 2.640 million carats, while the average price ‎of the polished diamond exported rose surged 34 percent to $535.80 per carat. Polished diamond imports dropped 52 percent (on y-o-y basis) to $389.46 million. The country’s net polished exports (valued as excess of exports over imports) increased 172 ‎percent to $1.025 billion, reports suggest.

The exports of rough diamonds decreased 25 percent to $110.40 million, while imports of the rough diamonds dropped 22 percent to $892.03 million. The country’s net rough imports (valued as rough imports ‎less exports) decreased 22 percent to $781.63 million.

The country’s net diamond account in the month, (representing total exports less total imports) reflected a surplus of $243.41 million (the same was in a deficit of $625.92 million in November last year).