Created Diamonds Trade Growing Rapidly

Created diamonds tradegrowing rapidly,  according to provisional data released by The Gem &Jewellery Export Promotion Council (GJEPC)

Just as with diamonds, Indiais the leading polishing center for polished Lab created  diamonds.

Consistent with recentmonths, in January 2020, the value of India’s polished created diamonds exportsmore than doubled, growing 111% year-over-year to $44.1 million from $20.87million in January 2019.

Their lab-grown polishingactivities are also clearly not slowing down, as India tripled its createddiamonds rough imports, importing 194% more created diamonds rough this Januarythan it did in January last year.

Created Diamonds roughimports reached $42.43 million during the month, up from $ 4.4 million a yearago.

India nearly doubled its created diamonds rough imports in 2019, according to the GJEPC, while it exported more than $445 million worth of polished created diamonds stones, up 72% year-over-year. By volume, polished created diamonds exports grew by 119% to 4.4 million carats.