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.
This Content is Restricted to Rapaport Members
To access it, Log in to your Rapaport Account or Become a Member
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.
This Content is Restricted to Rapaport Members
To access it, Log in to your Rapaport Account or Become a Member
Is India Importing Too Many Diamonds?
Top Stories from Rapaport
Armed Robbers Kill Security Officer, Steal Diamonds at Namdia
Two suspects are still on the run, while one is in custody and another is dead.
FBI Arrests Four Connected to Kidnapping, Robbery Plot Against Florida Jeweler
Group wanted to extort $2 million in cryptocurrency from business owner.
US Holiday Spending Beats Forecast to Yield Record Result
Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.
Featured
Podcast: How Anita Diamonds Beats the Market
Company CEO Chirag Shah discusses large stones, credit, and buying from HB Antwerp.