The Gem and Jewellery Export Promotion Council (GJEPC) has published a report which discloses data proving that India’s polished diamond exports have jumped by 37 percent for July to $1.68 billion (£1.09 billion).
With respect to volume, figures showed that exports rose to 4.74 million carats, an increase of 12 percent. The average price per carat also rose substantially by 22 percent from last July (2009) to stand at $354.1 (£229.9) per carat.
Also showing a positive increase were India's polished imports which rose by 7 percent to $1.11 billion (£720 million).
Rough diamond imports also improved 7 percent to reach $942.3 million (£611.5 million).
Rough exports significantly surged 56 percent to $63.4 million (£41.1 million).
For the first seven months of the year 2010 to July, polished exports surged 72 percent to a height of $6.78 billion (£4.38 billion), and in terms of volume there was a 20 percent increase to 32.7 million carats. During this period, the average price per carat for the polished exports rose 43 percent on the year to settle at $381.6 (£247.7) on average.
Between the months of January to July, polished imports leaped 50 percent to $7.75 billion (£5 billion). In the same time, polished exports surged an impressive 125 percent to $4.75 billion (£3.08 billion).
Rough imports improved massively by 92 percent to $6.78 billion (£4.4 billion) within the initial seven months of the year, while rough exports increased 56 percent to $527.6 million (£342.5 million).