India imported $5.4 billion in rough diamonds and exported $5.8 billion in cut and polished diamonds over the first quarter of the current fiscal year (April-June). This compares with the $4.6 billion in rough diamonds imported and the $5.6 billion in cut and polished diamonds exported in the first quarter of the previous fiscal year.
Rough diamond imports rose 17.08 percent, while cut and polished exports rose only 3.19 percent over the previous year.
The country also imported $658 million in cut and polished diamonds and exported $364 million in rough diamonds during the period.
Gold imports for the period stood at $569 million while other imports together brought the country’s total gem and jewellery imports for the first quarter to $8.7 billion. Against this, gem and jewellery net exports for the period stood at $9.2 billion.