India’s Polished Diamond Exports Buck Trend

India’s polished diamond exports rose 21.78 percent in June, contrary to the sharp decline noted in both Belgium and Israel. India exported $1.235 billion worth of goods weighing a total of 3.324 million carats.

In the first quarter of the year, India exported $3.78 billion worth of goods, a 31.64 year-over-year growth. During that period, the country exported 10.16 million carats, a 17 percent year-over-year increase.

Polished imports soared 82 percent to $648.54 million for 1.716 million carats of diamonds brought in during June. In the first quarter, imports more than doubled (111.67%) to $1.807 billion. In volume, imports of 5.06 million carats were a 74.3 percent increase over 2007.