In August 2011, India's gem and jewellery industry saw its polished diamond exports rising 3 percent to $2.373 billion (on y-o-y basis). Imports of polished diamonds jumped 14 percent to $1.571 billion, but the country’s net polished exports, however, dropped 15 percent to $802 million. The figures show that the trade has shown strength especially as it is just a month post the Mumbai bomb lasts that rocked the industry in July 2011.

The rough diamond imports increased 20 percent to $830 million ad rough diamond exports jumped 57 percent to $141 million.

The country’s net rough imports rose \15 percent to $689 million. Also, for India, August delivered a net diamond account (valued as total of polished and rough exports less the total of polished and rough imports) worth $113 million (the same was valued at $342 million in August 2010).