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Hong Kong’s Polished Diamond Imports Fall
Nov 1, 2016 5:46 AM
By Rapaport News
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RAPAPORT... Hong Kong’s polished diamond imports decreased 2.4 percent
to $13.2 billion in the first nine months of the year as shipments from Israel
and Belgium slumped. In volume terms, imports increased 2.9 percent
to 14.6 million carats, according to data from the Diamond Federation of Hong
Kong.
Imports from Israel slid 11 percent to $1.43 billion and
shipments from Belgium dropped 9 percent to $1.44 billion. The decline in trade
with these key markets outweighed a 3.5 percent increase in imports from India,
the largest trade partner for polished diamonds, and a 4.6 percent jump in
imports from the U.S.
Polished exports grew 2 percent to $10.16 billion, propelled
by a 27 percent jump in orders from Mainland China to $2.06 billion. Shipments
to India grew 6 percent to $2.12 billion and exports to the United Arab
Emirates increased 7 percent to $1.1 billion, outweighing declines in orders
from the U.S., Belgium and Israel.
Net polished imports declined 15 percent to $3.04 billion.
Rough imports fell 16 percent to $1 billion, while rough
exports jumped 18 percent to $1.47 billion. Net rough exports leapt to $463.2
million from $54.7 million a year ago.
Hong Kong’s net diamond account, reflecting total imports
minus exports, slid 27 percent to $2.57 billion. |
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Tags:
Belgium, China, data imports and exports, exports, Hong Kong, imports, India, Israel, Rapaport News, trade data, u.s.
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