Morning Bites (part 2)

💎 India’s rough diamond net imports shrank 30% YoY in June to USD 918mn, reversing from the 4% YoY growth in May. In terms of volumes, net imports were down 19% YoY to 7.8mnct. India’s polished diamond net exports were down 25% YoY (vs. -19% YoY in May). Synthetic rough diamond net imports dropped 24% YoY, after the 16% YoY growth seen in May. The share of lab-grown net rough imports in total trading stood at 6% in June. On our numbers, the Indian midstream remains in the stock accumulation zone

India accounts for ~95% of world polished stone supply

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