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Belgium’s Polished Diamond Exports Decline
Dec 7, 2016 10:09 AM
By Rapaport News
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RAPAPORT... Belgium’s polished diamond exports fell 6 percent to $878.4
million in November, according to the Antwerp World Diamond Centre. By volume,
exports jumped 18 percent to 451,287 carats, while the average price dived 20
percent to $1,946 per carat.
Among Belgium’s main trading partners, polished exports to
the U.S. declined 7 percent to $237.1 million, while shipments to Hong Kong
grew 8 percent to $204 million. Exports to Israel leapt 46 percent to $116.5
million.
Total polished imports into Belgium dropped 10 percent to
$695 million during the month. Net polished exports, representing exports minus
imports, rose 14 percent to $183.4 million.
Rough imports grew 60 percent to $1.14 billion, while rough
exports increased 63 percent to $1.05 billion, mirroring the rise in global
rough trading this year. Net rough imports, representing imports minus exports,
rose 32 percent to $87 million.
Belgium’s November net diamond account, representing total
polished and rough exports minus total imports, edged up 1 percent to $96.3
million.
During the first 11 months of the year, polished exports
declined 9 percent to $10.99 billion, while polished imports fell 9 percent to
$10.71 billion. Rough imports jumped 10 percent to $11.32 billion, and rough
exports increased 12 percent to $11.59 billion.
Belgium’s net diamond account for the year to date grew 49
percent to $550 million. |
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Tags:
Antwerp, AWDC, Belgium, imports and exports, polished trading, Rapaport News, rough trading
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