India’s Polished Diamond Exports Drop 14% in H2

India's exports of cut and polished diamonds during the second half of fiscal year 2016 fell by 13.8% to $10.4 billion from $12.1 billion last year.

Meanwhile, imports of rough plunged by 26% to $6.95 billion from $9.4 billion last year, indicating the decision by Indian manufacturers to slash production due to the high price of rough goods.

Overall exports from the gem and jewelry sector during the period declined by 5.6% to $19.2 billion from $20.3 billion last year, the Gem & Jewellery Export Promotion Council (GJEPC) reported.

External links are provided for reference purposes. The Diamond Portal is not responsible for the content of external internet sites.
Copyright © 2003 The Global Diamond Portal.

Powered by YCS - Yahalom Creative Solutions,Leveraging Technology.