India’s polished exports jumped 79 percent to $2.2 billion in June, according to data published by the Gem & Jewellery Export Promotion Council (GJEPC). By volume, the exports fell 2 percent to 4.448 million carats as the average price on the goods increased 83 percent year on year to $495.01 per carat.

Polished imports during the month grew 84 percent to $1.46 billion as net polished exports, the excess of exports over imports, rose 69 percent to $745.6 million.

Rough imports to India rose 45 percent to $1.15 billion while rough exports increased 59 percent to $90 million. Net rough imports, the extent to which imports exceeded exports, rose 44 percent to $1.06 billion.

India’s June net diamond account, representing the total exports of rough and polished less total imports, fell 7 percent to a deficit of $316.3 million.

For the first half of the calendar year, polished exports grew 79 percent to $10.82 billion while polished imports increased 61 percent to $6.63 billion. Net polished exports rose 74 percent to $4.18 billion.

India’s rough imports increased by 120 percent to $5.83 billion, while rough exports grew 46 percent to $464.2 million. Net rough imports for the half year rose 144 percent to $5.37 billion.

India’s net diamond account registered a deficit of $1.19 billion compared with a net diamond account of $148.2 million one year ago.