India's February Polished Exports Edge Up

RAPAPORT... India's polished-diamond exports grew slightly inFebruary, according to data from the nation's Gem & Jewellery ExportPromotion Council (GJEPC). Polished exports increased 0.5% year on year to $2.43 billionand, by volume, fell 6% to 3.1 million carats. The average price rose 6% to $791per carat. Polished imports dropped 12% year on year to $158.3 million,while net polished exports - the excess of exports over imports - jumped 2% to$2.27 billion. Rough imports climbed 11% to $1.68 billion, while roughexports plunged 23% to $111.4 million. Net rough imports were up 14% to $1.57billion. The country's net diamond account - the sum of rough andpolished exports minus total imports - dropped 19% to $703.1 million.Image: Bharat Diamond Bourse, Mumbai