Morning Bites

💎 India’s rough diamond net imports shrank 12% YoY in July to USD 870mn, after the 30% YoY drop in June. In terms of volumes, net imports were down 36% YoY to 6.2mnct. India’s polished diamond net exports declined 18% YoY (vs. -25% YoY in June). Synthetic rough diamond net imports dropped 25% YoY, after the 24% YoY drop seen in June. The share of lab-grown net rough imports in total trading was 9% in July. On our numbers, the Indian midstream remained in the stock accumulation zone last month

India accounts for ~95% of world polished stone supply

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