https://sputniknews.in/20240328/india-sees-surge-in-russian-diamond-imports-6969168.html
India Sees Surge In Russian Diamond Imports
India Sees Surge In Russian Diamond Imports
Sputnik India
Despite other countries like the UAE, the US and others continuously supplying diamonds to India, demand for Russian precious stones have also increased in India.
2024-03-28T12:31+0530
2024-03-28T12:31+0530
2024-03-28T12:31+0530
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India's Russian diamond imports have witnessed an annual increase of 28 percent, with the Modi government deciding to purchase more precious stones from Russia this past January, according to the data from India's trade ministry as analysed by Sputnik.The UAE leads the pack in diamond exports to India, increasing by 1.5 times to $772 million annually. The US comes in second place despite a 1.4 times decrease to $194 million. Belgium holds the third spot with $138 million in exports, down from $169 million the previous year. In fourth place is Hong Kong, which saw a 1.7 times increase to $137 million in exports.
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russian diamonds, annual increase, india, uae, us, business, precious stones,
India Sees Surge In Russian Diamond Imports
India has seen demand for Russian precious stones surge, despite countries like the UAE, the US and others continuously supplying diamonds to the South Asian giant.
India's Russian diamond imports have witnessed an annual increase of 28 percent, with the Modi government deciding to purchase more precious stones from Russia this past January, according to the data from India's trade ministry as analysed by Sputnik.
The total purchase of Russian diamonds, which stood at $79 million in September last year, has reached $112 million this year, making it the 5th-largest supplier of the precious stone to India, the data revealed.
The UAE leads the pack in
diamond exports to India, increasing by 1.5 times to $772 million annually. The US comes in second place despite a 1.4 times decrease to $194 million.
Belgium holds the third spot with $138 million in exports, down from $169 million the previous year. In fourth place is Hong Kong, which saw a 1.7 times increase to $137 million in exports.
