Polished diamond exports soar in India
Sunday, 20 December 2009
SURAT, Dec 19 (Commodity Online): This Christmas Surat is all set to have a big bash with good news pouring in from the diamond markets across the globe.
Surat, world's biggest diamond polishing hub, has been suffering from the recession impact in the past few months.
However, markets have now started looking up. During November 2009, India's polished diamond exports valued at $1.34 billion, rose by almost twice the polished exports recorded in November 2008.
In volume terms, the country's polished exports increased by 95 per cent to 3.898 million carats, in the month. The average price of polished diamonds amounted to $344.44 per carat, rising by 14 per cent. The country's polished diamond imports in the said month also increased by 67 per cent to $901.37 million.
The net polished exports (reflecting the excess of exports over imports) increased seven times to $441.2 million.
India's imports of rough diamonds in November this year, rose by 43 per cent to $897 million, and in volume terms increased by 88 per cent to 15.297 million carats, with their average price dipping by 24 per cent to $58.64 per carat.
Surat, world's biggest diamond polishing hub, has been suffering from the recession impact in the past few months.
However, markets have now started looking up. During November 2009, India's polished diamond exports valued at $1.34 billion, rose by almost twice the polished exports recorded in November 2008.
In volume terms, the country's polished exports increased by 95 per cent to 3.898 million carats, in the month. The average price of polished diamonds amounted to $344.44 per carat, rising by 14 per cent. The country's polished diamond imports in the said month also increased by 67 per cent to $901.37 million.
The net polished exports (reflecting the excess of exports over imports) increased seven times to $441.2 million.
India's imports of rough diamonds in November this year, rose by 43 per cent to $897 million, and in volume terms increased by 88 per cent to 15.297 million carats, with their average price dipping by 24 per cent to $58.64 per carat.