Gem & Jewellery Export Promotion Council denied large export

Mumbai, Feb 23: Categorically denying reports of a "four-fold surge" in imports of diamonds from "unspecified" locations in April-November 2017, the Gem & Jewellery Export Promotion Council (GJEPC) on Friday said that exports actually came down 14.44 percent as compared to the same period in 2016.

"The actual imports of cut and polished diamonds for this period (April-Nov 2017) stand at $1,527.43 million as compared to $1,785.17 million for April-November 2016, and represent a decline of 14.44 percent," the GJEPC said in a statement.

Referring to certain media reports, it termed them as based on "provisional figures and discrepancies in the data published on the website of the Directorate-General of Commercial Intelligence and Statistics, Kolkata".