Indiareportedly exported cut and polished diamonds valued at $1.18 billion during the month of July. In terms of volume, export constituted 40.32 lakh carats at $293.34 per carat.

The Gems and Jewelry Export Promotion Council announced that between April and July 2007, Indiaexported 128.74 lakh carats valued at $4,096.37 million, constituting a 24.58% increase.

In the course of July, Indiareportedly imported cut and polished diamonds valued at $481.43 million. Import during the April to July period came to $1,409.15 million.