Morning Bites (part 2)

💎 India’s rough diamond net imports declined 15% YoY in April, broadly in line with the -16% YoY in March. Meanwhile, India’s polished diamond net exports were down 15% YoY, vs. -31% YoY in March. Synthetic rough diamond net imports rose 19% YoY, reversing from the 13% YoY drop in March. The share of lab-grown net rough imports in total trading stood at 5% in April. On our numbers, the Indian midstream (~95% of the world's polished stones supply) has turned into the stock accumulation zone

#diamonds
https://metals-wire.com/sector/Diamonds