According to preliminary data of the Gem and Jewelery Export Promotion Council (GJEPC), Indian polished exports in April rose 8% year-on-year to $ 1.634 billion. The export volume remained stable at 2.605 million carats, Rapaport. Imports of polished diamonds increased 4% to $ 417 million for the month, thus the net polished exports for April reached $ 1.217 billion, compared to $ 1.432 billion for the same month a year earlier.
Indian rough imports in April rose 2.7% to $ 1.985 billion, while rough diamond exports fell 35.4% to $ 106 million. Net diamond imports rose 11.9% compared to April 2013, making up $ 1.879 billion
The deficit of the Indian net diamond account for April (the difference between net exports of diamonds and imports of diamonds) rose to $ 662 million compared to $ 242 million for the same period in 2013.
It is reported that Indian imports of synthetic gemstones in April fell by 7.3% to $ 5.33 million, while exports of synthetic raw stones jumped by 105.7% to $ 6.9 million.