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U.S. Polished Diamond Imports Grow 33%

Nov 8, 2016 11:11 AM   By Rapaport News
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RAPAPORT... U.S. polished diamond imports surged 33 percent to $2.18 billion in September. The month was the busiest this year after May, which is propped up by the JCK Las Vegas show in June.

By weight, imports rose 7 percent from a year earlier to 988,097 carats, according to government data. The average price jumped 24 percent to $2,202 per carat.

Polished exports increased 18 percent to $1.73 billion, which meant net polished imports more than doubled to $446 million.

Rough diamond imports grew almost fivefold to $173 million, while rough exports slid 20 percent to $12 million, leaving net rough imports more than eight times higher at $161 million. The country’s net diamond account for September more than tripled to $607 million.

During the first nine months of the year, polished imports increased 0.6 percent to $17.8 billion and polished exports increased 0.8 percent to $14.48 billion, resulting in net imports being flat at $3.31 billion.
Tags: exports, imports, imports and exports, new york, Polished Diamonds, polished exports, polished imports, Rapaport News, u.s.
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