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India is the world’s largest importer of diamonds

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India is the world’s largest importer of diamonds - The Times of India

SURAT: India is still the world's largest rough diamond importing country as per the statistics published by the Kimberley Process Certification Scheme (KPCS).

In 2014, a staggering 153.609 million carats of rough diamonds were imported into the country worth $17.21 billion.

The European Unioni (EU), which is counted as the KP member state and includes Belgium among other countries, was the world's top exporter of rough diamonds to India. The EU shipped out 116 million carats of precious stones with a value of $15.71 billion during the period, a 10 per cent decline from 2013.

India's imports are particularly high because it is the world leader in diamond processing. In terms of value, Antwerp importations totalled $16 billion to India's $17.2 billion.



Dubai and Israel, AWDC's main competitors (AWDC - Antwerp World Diamond Center), imported diamonds to the value of only about a third of Antwerp's figures, although Israeli diamonds are worth substantially more than those passing through Antwerp ($333.11 /carat compared to $133.08).



The diamond export trade amounted to 15.7 billion dollars for Antwerp, 8.3 billion for Dubai and 3.9 billion for Israel.
 
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