Slowdown Continues in India Diamond Sector

RAPAPORT... India's polished-diamond exports slid 15% year on year in May, reflecting a slowdown in the trade that's been evident for the past seven months. The last monthly increase was recorded in November, according to Rapaport records. The decline in May was the result of lower volumes, which outweighed an increase in the average price of goods, data from the Gems & Jewellery Export Promotion Council (GJEPC) showed. Rough imports also fell as manufacturers have reduced their output since the beginning of 2019. India Trade Data for May 2019

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