In August 2008, Japan has accounted its lowest diamond imports since the last three years. During the said month, imports valued at US$45.89 million. Polished diamonds imported measured 177,232 carats at an average per carat price of $258.90, amounting to a 25.4 percent dip in value terms and 7 percent in volume. The Y-o-Y imports saw a dip of 10 percent, but a 5.2 increase in volume. %% Japan imports maximum from India, which also fell in the month by 9.5 percent in volume and 39.5 percent in value, from August 2007. Other exporters Hong Kong on the contrary showed a 236.8 percent increase in value to US$7.36 million.