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13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

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30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

India’s polished diamond export increases by 42.47% in Nov, rough imports dips 9.89%

21 december 2020
Image credit: GJEPC

India’s cut and polished diamond export increased 42.47 per cent registering $ 1665.91 mn during Nov 2020 as against $ 1169.34 mn exported in Nov 2019, according to provisional data released by the Gem & Jewellery Export Promotion Council of India.
Exports of rough diamonds totalled $ 13.62 mn in Nov 2020 as compared to $ 94.51 mn in Nov 2019, an increase of 85.59 per cent. Exports of polished lab-grown diamonds recorded $ 69.29 mn in Nov 2020 against $ 21.80 mn in Nov 2019, an increase of 217.62 per cent.
Rough imports during Nov 2020 decreased 9.89 per cent to $ 1109.06 mn as compared to $ 1230.74 mn imported during Nov 2019. Imports of cut and polished diamonds decreased to $95.50 mn in Nov 2020 from $ 117.85 mn in the same month in 2019, a decrease of 18.97 per cent. Imports of rough lab-grown diamonds stood at $ 62.23 mn in Nov 2020, up 23.78 per cent from $ 20.69 mn in Nov 2019. In Nov 2020, imports of polished lab-grown diamonds decreased by 80.32 per cent to $ 1.93 mn, as compared to $ 9.79 mn a year earlier.
During the fiscal year (April-November 2020) polished diamond exports recorded $ 8951.54 mn from $ 13412.51 mn exported over the same months in 2019, a decrease of 33.26 per cent.
Exports of rough diamonds totalled $200.74 mn in April-November 2020 compared to $ 807.97 mn a year earlier, down 75.16 per cent.
Exports of polished lab-grown diamonds totalled $ 22.88 mn during April-November 2020 down 64.52 per cent as against exports of $ 64.51 mn in the same period a year earlier.
Import of rough diamonds showed a decline of 41.36 per cent recording $ 5015.85 mn during April-November 2020 from $ 8553.96 mn during April-November in 2019.
Imports of polished diamonds increased 42.99 per cent to $1303.58 mn during April-November 2020, as compared to $ 911.68 mn for the same period in 2019. 
Imports of rough lab-grown diamonds recorded $ 301.77 mn in April-November 2020 as against $ 205.01 mn in the same period in 2019, an increase of 47.20 per cent.
Imports of polished lab-grown diamonds declined to $ 22.88 mn in April-November 2020 as compared to $ 64.51 mn during April-November 2019, down 64.52 2per cent.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished