India's Polished Exports Rise

RAPAPORT... India's polished-diamond exports grew 14% in April,according to data the nation's Gem & Jewellery Export Promotion Council(GJEPC) released recently. Shipments increased year-on-year to $1.99 billion for themonth, with the volume of exports rising 17% to 2.8 million carats, the GJEPCfigures showed. The average price of exports decreased 2% to $719 per carat. Polished imports slumped 38% to $114.4 million, resulting innet polished exports - calculated as polished exports minus polished imports -rising 20% to $1.88 billion. Rough imports fell 13% to $1.52 billion, while rough exportsdropped 35% to $77.5 million. Net rough imports, representing rough importsminus rough exports, slid 11% to $1.44 billion. India's net diamond account - total rough and polishedexports minus total imports - rose $441.4 million in April from negative $58.7 million a year ago.