Profits for privately-owned refineries and the world's biggest international gold mining companies could be boosted by up to $US 684 million per annum* as a result of India's current duty differential between refined gold and unrefined gold doré.
Israel’s polished diamond exports in April 2010 reflected a whooping 417 percent rise to $482.9 million, reports say. Reports add that the large increase was influenced by the weakness still evident in the diamond market during April 2009, when Israel imported just $93.4 million worth of polished diamonds. In April 2010, the country’s rough diamond exports rose 114 percent to $232 million. %% The combined total exports of polished and rough diamonds increased 254 percent to $714.9 million, reports say. The country imported $556.6 million worth of combined rough and polished diamonds in April this year, indicating an 84 percent increase. %% The country’s net diamond account in April (excess of total exports over imports) rose to $158.3 million, as compared to the negative $101.2 million in April 2009. The first four months of 2010, the country’s net diamond account increased 45 percent to $695.7 million.
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