Loading...
Skip to Content
Home  Blog  India Sees Highest Polished Exports Since Feb. 2019

India Sees Highest Polished Exports Since Feb. 2019

  • Blog-images/93225028492_66.jpg
Rapaport News • 16-08-2021

Indias polished-diamond exports continued to exceed pre-pandemic levels in July as the market extended its recovery.

The outgoing shipments more than doubled year on year to $2.26 billion, the highest since February 2019, according to data the countrys Gem & Jewellery Export Promotion Council (GJEPC) released this week.

Indias polished-diamond exports continued to exceed pre-pandemic levels in July as the market extended its recovery.

The outgoing shipments more than doubled year on year to $2.26 billion, the highest since February 2019, according to data the countrys Gem & Jewellery Export Promotion Council (GJEPC) released this week.

Rough imports also showed a significant increase, reflecting sales momentum at the large mining companies.

India Trade Data for July 2021

 

 July 2021Year-on-year change
   
Polished exports$2.26B146%
Polished imports$106M-47%
Net polished exports$2.15B200%
Rough imports$1.56B574%
Rough exports$47M145%
Net rough imports$1.51B613%
Net diamond account$645M27%
Polished exports (volume)3 million carats105%
Average price of polished exports$752/carat20%
   
 January-July 2021Year-on-year change
   
Polished exports$14.24B112%
Polished imports$1.23B6%
Net polished exports$13.01B134%
Rough imports$10.33B197%
Rough exports$319M11%
Net rough imports$10.01B213%
Net diamond account$3B27%
Polished exports (volume)18.2 million carats98%
Average price of polished exports$783/carat7%

Source: Gem & Jewellery Export Promotion Council; Rapaport archives.

About the data:

 India, the worlds largest diamond-cutting center, is a net importer of rough and a net exporter of polished. As such, 

net polished exports 

representing polished exports minus polished imports will usually be a positive number. 

Net rough imports 

calculated as rough imports minus rough exports will also generally be in surplus. The 

net diamond account 

is total rough and polished exports minus total imports. It is Indias diamond trade balance, and shows the added value the nation creates by manufacturing rough into polished.

Image: The Bharat Diamond Bourse in Mumbai. (Rapaport News)

Latest posts

Leave a comment

6/1469, "Jaykar House", Kansara Sheri, Mahidharpura, Surat - 395003, Gujarat, India.
+91 9825132931, 0261 2400200-2400300
+91 98250 22931
inquiry@jaykar.co.in
Jaykar House is a Centre for excellence in job work industry which is situated and established their business in the best suitable location in surat city, Surat city is a place where out of 10 diamonds around the world, 9 diamonds are processed from rough to polished over here.