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US Polished Imports Slip in March
May 21, 2017 10:28 AM
By Rapaport News
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RAPAPORT... Polished diamond imports to the US fell 3% to $1.99 billion in
March, according to government data.
By volume, polished imports slid 10% to 970,953 carats,
while the average price of imports rose 8% to $2,045 per carat. Israel’s
exports to the US jumped 13% to $606.4 million, with India’s shipments to the
world’s largest diamond-consumer market slipping 3% to $673.8 million.
Belgium’s contribution to US polished intake dropped 1% to $281.5 million.
US polished exports, meanwhile, grew 7% to $1.58 billion,
leaving net polished imports 28% lower at $402 million.
Rough exports increased 81% to $47 million, while rough
imports fell 22% to $35 million, meaning net rough imports stood at negative
$12 million versus positive $19 million a year earlier. The US net diamond
account — its total rough and polished imports minus total exports — contracted
33% to $389 million.
In the first three months of the year, polished imports fell
11% to $2.45 billion, with polished exports declining 3% to $4.58 billion.
Image: Alan Light
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Tags:
Belgium, India, Israel, net diamond account, Rapaport News, rough exports, rough imports, US polished diamond imports, US Polished Imports
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