News

Advanced Search

Belgium’s February Polished Diamond Exports -10%

Mar 6, 2016 7:48 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Belgium’s polished diamond exports dropped 9.6 percent year on year to $1.6 billion in February, according to the Antwerp World Diamond Centre (AWDC). By volume, exports dived 16 percent to 615,837 carats, while the average price jumped 7.3 percent to $2,592 per carat.

Compared with the previous month, polished shipments were higher in February as goods are exported to Hong Kong for the March show, implying the spike was seasonality-driven. Exports to the key trading center soared almost fivefold to $684.1 million sequentially in February, but slumped 17 percent year on year. This is typically followed by a peak in polished imports in March as gems return from the fair.

Among Belgium’s other main trading partners, polished exports to the U.S. fell 11 percent from a year ago to $285.9 million. Shipments to Israel slumped 20 percent by volume but enjoyed a modest increase by value.

Total polished imports to Belgium slid 12 percent to $1 billion as net polished exports, representing exports minus imports, increased 6.6 percent to $714.9 million.

Rough imports jumped 28 percent to $1.33 billion and rough exports advanced 21 percent to $1.28 billion. Net rough imports, representing imports minus exports, rose to positive $52.1 million from negative $17.1 million a year before.

Belgium’s February net diamond account, representing total polished and rough exports minus total imports, grew 15 percent to $662.8 million.

During the first two months of the year, polished exports fell 8 percent to $2.37 billion, while polished imports declined 12 percent to $1.87 billion. Rough imports increased 9.6 percent to $2.06 billion and rough exports grew 8.5 percent to $2.07 billion.

Belgium’s net diamond account for the year to date increased 4.8 percent to $511.3 million.
Tags: Antwerp, Belgium, data, imports and exports, polished, Rapaport News, rough
Similar Articles
Rapaport Weekly Market Comment
Jan 18, 2018
Dealers upbeat and maintaining firm prices, with expectations of higher rough prices and 1Q stock replenishment.
Jewelry PricesNew Campaign Highlights Manufacturers
Jan 17, 2018
Manufacturing Jewelers & Suppliers of America (MJSA) has launched a social-media marketing drive aimed at increasing millennials’
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.