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Israel’s Polished Diamond Exports -17% in 1Q
Apr 18, 2016 6:51 AM
By Rapaport News
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RAPAPORT... Israel’s polished-diamond exports dived 17 percent to $1.44
billion in the first quarter as shipments to key trade partners such as the U.S.
slumped.
Exports of cut
diamonds to the U.S. after returns slid 21 percent to $499.2 million
over January to March, according to data compiled by the Ministry of Industry,
Trade and Labor.
In volume
terms, polished exports dropped 15 percent to 528,310 carats, resulting in a 2.1-percent decline in the average price to $2,720 per carat.
Polished
imports retreated 11 percent to $800.6 million. Net polished exports,
representing exports minus imports, plummeted 22 percent to $636.2 million.
Rough imports
fell 8.3 percent to $758 million and rough exports slipped 1.7 percent to
$684.5 million. Consequently, net rough imports, representing imports minus exports,
plunged 44 percent to $73.5 million.
Israel’s net
diamond account, the difference between net imports of rough and net exports of
polished, dropped 18 percent to $562.6 million.
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Tags:
imports and exports. polished exports, Israel, Rapaport News, trade data
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