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U.S. Polished Diamond Imports -3% in January
Mar 14, 2016 9:58 AM
By Rapaport News
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RAPAPORT... U.S. polished diamond imports fell 3.2 percent year on year
to $1.77 billion in January, according to provisional government data. Diamond
imports by volume declined 14 percent to 912,672 carats. The average price of
polished imports, however, increased 12 percent to $1,938 per carat.
Polished diamond exports, meanwhile, dropped 8.9 percent to
$1.26 billion, driving net imports up 15 percent to $513 million.
Rough diamond imports more than doubled to $31 million in
January, while rough exports grew 50 percent to $18 million, bringing net rough
imports higher to $13 million from $2 million a year before. The net diamond
account, calculated as total imports minus total exports, increased 17 percent
to $526 million.
The news follows a 4-percent
decline in polished imports in 2015 as the trade slowed toward the end of
the year.
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Tags:
data. polished imports, exports, imports, imports and exports, Rapaport News, trade data, u.s.
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