|India's Gem and Jewellery Export Promotion Council (GJEPC) has released its provisional import and export data for May 2016, showing a 13.24 percent increase year-over-year (YoY) in exports of cut and polished diamonds from India, totalling US$1.97 billion. This, says GJEPC, reflects the continuing improved sentiment in the market.
Gold jewelry exports (studded and plain) for May 2016 rose by 48.3 percent YoY to US$801 million, while overall exports from the gem and jewelry sector during May 2016 grew 29.43 percent to US$3.32 billion, compared with US$2.57 billion exported in May 2015. Rough diamond imports for May 2016 are reported at US$1.52 billion, up 15.09 percent in value terms YoY. In volume terms, 12.11 million carats of rough were imported during the month, a rise of 9 percent YoY. Imports of cut and polished diamonds during the month also rose YoY to US$249.06 million, compared with US$195.48 million a year earlier.