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Belgium’s January Polished Diamond Exports Decline
Feb 21, 2016 8:15 AM
By Rapaport News
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RAPAPORT... Belgium’s polished diamond exports declined 4.5 percent year
on year to $772 million in January, according to the Antwerp World Diamond
Centre (AWDC). By volume, exports fell 8 percent to $397.9 million carats,
while the average price rose 3.8 percent from a year ago to $1,940 per carat.
Among
Belgium’s biggest trading partners, polished exports to the U.S. fell 0.5
percent to $243.8 million. Exports to Hong Kong edged up 0.6 percent to $137.5
million despite a 31 percent surge in volume terms. Shipments to Israel dived 8.1
percent to $99.3 million.
Total polished
imports to Belgium climbed 11 percent to $985 million during the month. Net
polished exports, representing exports minus imports, improved from negative
$304.6 million in January 2015 to negative $213 million this year.
Rough imports
decreased 13 percent year on year to $730.4 million and rough exports dropped
6.7 percent to $791.9 million. Net rough imports, representing imports minus
exports, declined from negative $9.7 million to negative $61.5 million during
the month.
Belgium’s
January net diamond account, representing total polished and rough exports
minus total imports, improved from negative $294.8 million to negative $151.5
million.
The latest
figures come after the AWDC reported a 9-percent
drop in polished exports in 2015 amid unfavorable industry conditions.
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Tags:
Antwerp, Belgium, data, imports and exports, polished, Rapaport News, rough
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