India imported 15.2 million carats of rough diamonds in February, the highest volume in 11 months.
The surge follows a two-month voluntary import freeze at the end of the previous year.
The increase may signal a risk of oversupply in the Indian diamond market.
India’s rough-diamond imports reached an 11-month high of 15.2 million carats in February, according to data from the country’s Gem & Jewellery Export Promotion Council (GJEPC). This partly reflects a correction after a two-month voluntary freeze late last year, but is India setting itself up for another oversupply? Rapaport Senior Analyst Joshua Freedman crunches the numbers.
Is India Importing Too Many Diamonds?
India’s rough-diamond imports reached an 11-month high of 15.2 million carats in February, according to data from the country’s Gem & Jewellery Export Promotion Council (GJEPC). This partly reflects a correction after a two-month voluntary freeze late last year, but is India setting itself up for another oversupply? Rapaport Senior Analyst Joshua Freedman crunches the numbers.
Is India Importing Too Many Diamonds?
More Stories
Brilliant Earth Sales Exceed Guidance
Brand’s diversification into more fine jewelry drives revenue increase.
Petra Sees Glimmer of Light Amid $20M Lifeline
Advance payment for future diamond inventory provides near-term liquidity to run business.
Can Diamonds Learn from Watches? Yes, But
Rough Notes: In many ways, timepieces had an easier job recovering from their crisis.
Featured
8ct. Fancy-Yellow Diamond to Shine at Bonhams Hong Kong
Piece has an upper estimate of $637,200 at upcoming Exceptional Jewels and Jadeite auction.