India’s Rough Diamonds Cost 27% More Than They Did Last Year

India’s gross rough diamond imports in January increased 16.3 percent to $1.02 billion, according to provisional figures released by the GJEPC. The volume of imports, 12.4 million carats, declining 8.6 percent compared to January 2010.

The average value of India’s gross imports, $81.87 p/c, increased 27.2 percent from the $64.35 p/c averaged just the year before.

Even though the figures include gem and industrial grade goods, the sharp rise further demonstrates the continued price increases of Gem quality goods.

Rough diamond exports in January totaled $90.1 million on exports of 2.32 million carats.

IDEX