RAPAPORT... Hong Kong's polished diamond imports increased 9 percent year on year to $9.713 billion during the first half of 2014, according to the Diamond Federation of Hong Kong, China Ltd. Trading volume for polished imports fell 5 percent to 10.5 million carats.
Polished exports (together with re-exports) increased 16.6 percent to $6.768 billion, leaving net imports of $2.945 billion, down from $3.080 billion in 2013.
Rough diamond imports to Hong Kong increased 20 percent year on year to $1.147 billion. Imports by volume declined 18 percent to 7.788 million carats. Meanwhile, rough diamond exports fell 12.7 percent to $1.212 billion, leaving net imports with a deficit of $64.3 million compared with a deficit of $432 million one year earlier.
Hong Kong's net diamond account, representing the value of imports over exports, fell 14 percent year on year to $3.009 billion.
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