India’s polished diamond exports up 43% in May

In May 2013, polished diamond exports out of India increased in value by 43 percent (on y-o-y basis) to $1.78 billion, while it rose 27 percent in volume terms to 3.262 million carats, reports say. Imports of polished diamonds rose more than three times to $536.98 million, The country’s net ‎polished exports, (valued as excess of exports over imports), was up 19 percent to $1.243 ‎billion, reports add‎.

In the said month, rough diamond imports rose in value terms, by 45 percent to $1.640 billion and rough diamond exports increased 15 percent to $134.56 million. The net rough imports (valued as excess of ‎imports over exports), was up 48 percent to $1.506 billion, reports add.

The country’s net diamond account dropped into a deficit of $263.1 million (the same being in a surplus worth $29.1 million in May 2012).