New player in the market

Nalli Silks is a synonymous to regal and stately Kancheepuram silk saris. With more than 80 years of experience in the retail industry and a hand-in-hand association with wedding ceremonies preparations, they are now geared up to enter the lucrative indus

Post By : IJ News Service On 17 September 2012 3:53 PM
For India’s diamond trade, August 2008 has shown an increase of 7 percent in the net diamond account (net polished exports minus net rough imports), valuing at $234.60 million. The import of polished diamonds increased 23 percent to $591.91 million, and exports increased by 7 percent to $1.42 billion in August 2008, according to Gem & Jewellery Export Promotion Council (GJEPC) India’s net polished exports (exports minus imports) fell 3 percent to $831 million. %% For its rough diamonds portfolio, exports increased by 43 percent to $68.07 million and imports fell by 3 percent to $664.47 million. Net rough imports (rough imports less exports) showed a fall of 6 percent to $596.40 million. %% Although the net diamond account for first eight months of 2008 from January to August has generated a $1.29 billion deficit, compared with a net of $71.51 million in the same period of 2007. In these eight months, polished exports hiked by 25 percent to $10.61 billion, and imports by a whooping 110 percent to $4.96 billion. Net polished imports dipped 7 percent to $5.65 billion. Import of roughs increased 14 percent to $7.51 billion and exports increased by 40 percent to $558.97 million, in the eight months. Net rough imports grew 12 percent to $6.95 billion. %% Exports of other jewellery items like gold jewelry increased by 8.5 percent to $346.93 million in August, colored gemstone by 20.6 percent to $29.52 million. India’s cumulative gem and jewellery exports increased by 8 percent to $1.89 billion, in August 2008.

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