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?
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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?
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