|
|
U.S. Polished Diamond Imports Stable
Aug 7, 2016 9:52 AM
By Rapaport News
|
|
|
RAPAPORT... U.S. polished diamond imports were basically flat in June, underlining continued stability in the largest market for diamond jewelry.
Imports crept up 0.3 percent to $1.72 billion, according to
the latest government figures. By volume, polished imports jumped 7.2 percent
to 790,061 carats, while the average price fell 6.4 percent to $2,171 per
carat.
Polished exports, meanwhile, dipped 3 percent to
$2.59 billion, driving net imports down 8.7 percent to negative $877
million.
Rough diamond imports advanced 9.5 percent to $23 million,
while rough exports soared more than fourfold to $50 million. This left net
rough imports at negative $27 million versus positive $9 million a year
ago. The net diamond account, calculated as rough and polished imports
minus exports, was pared to a deficit of $903.9 million from $953.2 million
a year earlier.
In the first half of 2016, polished imports declined
0.3 percent to $12.2 billion and polished exports declined 1.7 percent to $9.99
billion. Net polished imports increased 6.2 percent to $2.21 billion.
Rough imports almost tripled to $349.9 million and rough exports more than
tripled to $232 million, leaving net imports at $117 million versus $42 million
a year ago. The U.S. net diamond account for the first half of the year
increased 9.6 percent to $2.33 billion.
|
|
|
|
|
|
|
|
|
|
Tags:
exports, imports, imports and exports, new york, Polished Diamonds, polished exports, polished imports, Rapaport News, u.s.
|
|
|
|
|
|
|
|
|
|
|