India's September. Polished Diamond Exports Up to +11%

India's polished exports raised for the first time this year in September, up 11 % from 2008, to $1.76 billion, as per the data published by the Gem & Jewellery Export promotion Council (GJEPC). By means of volume, exports rose 12% to 4.613 million carats as average prices were downward 1 % to $381.88 per carat. Polished imports cut down 18 % to $584.9 million as well as net polished exports, on behalf of the excess of exports over imports, rose 35 % to $1.2 billion.

Rough imports turned down 25 % to $689.56 million and by volume, imports cut down 21 % to 11.918 million carats. The average price of rough imports fell 6 % to $57.86 per carat. Rough exports progressed1 % to $73.3 million and net rough imports, or imports less exports, diminished 27 % to $616.3 million.

India's September net diamond account, evaluating total exports of polished and rough less total imports, progressed to $560.4 million, equated with $23.7 million one year ago.
For the year to date from beginning to end September, India's polished exports came down 22 % to $9.59 billion, while polished imports degenerated 12 % to $5.07 billion. Net polished exports refused 30 % to $4.52 billion.

Rough imports diminished 46 % to $4.52 billion and rough exports were downward by 17 % to $524.6 million. Net rough imports fell 49 % to $3.99 billion. India's net diamond account for the primary nine months of the year was $521 million, match up to with negative $1.33 billion a year earlier.