India’s polished diamond exports fell 22 percent year on year to $1.104 billion in November ‎‎2013, according to preliminary data from the Gem & Jewellery Export Promotion Council (GJEPC). By ‎volume, exports decreased 39 percent to 1.668 million carats. ‎

Polished imports rose 24 percent to $392.04 million during the month. India’s net ‎polished exports, representing the excess of exports over imports, dropped 36 percent to $712.8 ‎million.‎

India’s rough diamond imports rose 26 percent to $1.139 billion in November, while rough ‎exports declined 28 percent to $79.4 million. Net rough imports, or the excess of ‎imports over exports, grew 34 percent to $1.060 billion.‎

India’s November net diamond account, which is calculated as the total of polished and ‎rough exports less total imports, fell to a deficit of $347.3 million from a surplus of $313.1 million one year ago.‎

In November, India's rough synthetic imports rose 53 percent to $5.94 million, polished synthetic imports more than doubled to $7.12 million, while total synthetic stone exports fell 76 percent to $1.42 million.

During the first 11 months of the calendar year, India’s polished exports rose 22 percent to $19.383 billion, while ‎polished imports grew 33 percent to $6.484 billion, according to Rapaport News calculations. Rough imports rose 10 percent to ‎‎$14.652 billion and rough exports grew 16 percent to $1.680 billion.‎ India’s net diamond account for the 11-month period improved to a deficit of $71.97 million from a ‎deficit of $787.02 million one year earlier. ‎

For the first 11 months of 2013, India's rough synthetic imports more than doubled to $62.3 million, polished synthetic stones surged 98 percent to $69 million, while total synthetic exports rose 17 percent to $47.1 million.