Diamond Export Up 28% In Feb, Revives Industry's Hopes

SURAT: Gems and Jewellery Export Promotion Council (GJEPC) in its statistical data has shown the export of polished diamonds to have increased by 28 per cent in February 2013. Compared to $1.4 billion worth of polished diamond export in February 2012, India exported $1.84 billion worth of polished diamonds in February 2013.

A senior executive of GJEPC said, "Export of cut and polished diamonds started falling month-wise after the imposition of 2 per cent of import duty on the polished diamonds. But, February 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 per cent. It means the industry is on the track of recovery and round-tripping of diamonds has stopped completely."

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