India's September polished diamond exports rose 4 percent year on year to $2.49 billion while polished imports fell 22 percent to $1.34 billion, according to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC). However, India's net polished exports, representing the excess of exports over imports, rose 70 percent to $1.15 billion.
Rough diamond imports declined 4 percent to $936.4 million during the month, while rough exports jumped 48 percent to $146.6 million. India's net rough imports, imports less exports, therefore fell 10 percent to $789.8 million.
For the month of September, India registered a net diamond account -- the total of polished and rough exports less the total of polished and rough imports -- of $361.3 million compared with a deficit of $205 million in September 2010.
For the 2011 calendar year to date, India's polished diamond exports rose 19 percent to $22.45 billion, while polished imports grew 36 percent to $17.11 billion. Rough imports were up 33 percent to $10.07 billion and rough exports jumped 64 percent to $1.18 billion.
India's net diamond account for the first nine months of 2011 registered a deficit of $4.798 billion compared with a deficit of $1.541 billion one year ago.
-Rapaport
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