India’s polished diamond exports drop 35% in June

June 2012 closed with a drop in the value of polished and rough diamond exports and imports for India. There was a 35 percent (on y-o-y basis) drop in the country’s polished diamond exports which touched $1.450 billion in the month. Imports of polished diamonds decreased 85 percent to $271 million.

The country’s net polished diamond exports stood at $1.179 billion ($462 million in June 2011).

Rough diamond exports fell 26 percent $113 million. The import of rough diamonds totaled $1.182 billion after a 26 percent drop. Net rough imports decreased 26 percent, to $1.069 billion.

The month culminated into net diamond account (valued as the difference between net exports and net imports) valuing $110 million (in June 2011 it reflected polished export deficit of $976 million).