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Rough diamond imports up 11% to $15.53 billion in April-January period

20 Feb 2018 Evaluate

The imports of rough diamonds have increased by 11.11% and stood at $15.53 billion during the April-January period of the current fiscal. As per data compiled by the Gems and Jewellery Export Promotion Council (GJEPC), the imports had aggregated to $13.97 billion in the 10-month period of last fiscal, 2016-17.

However, imports of cut and polished diamonds dipped by 12.91% and stood at $1.88 billion during the period under review as compared to $2.16 billion a year ago.

Further, exports of gems and jewellery declined by 4.71% and stood at $27.5 billion during the period under review due to demand slowdown in major markets, including the US.