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U.S. Diamond Trade Slows in November

Jan 9, 2017 10:11 AM   By Rapaport News
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RAPAPORT... U.S. polished diamond imports slipped 2 percent to $1.59 billion in November, according to government data. By volume, imports rose 6 percent to 779,732 carats, with the average price declining 7 percent to $2,042 per carat. 

Polished exports grew 25 percent to $1.7 billion, driving net polished imports to negative $108.8 million versus positive $260.7 million a year ago.

Rough imports more than doubled to $72.3 million versus $31.6 million a year ago, while rough exports jumped to $73.2 million from $19.8 million last year. Consequently, net rough imports slipped to negative $899,000 versus positive $11.8 million a year back.

The U.S. net diamond account, reflecting the difference between net imports and exports, stood at negative $107.9 million compared with positive $248.9 million a year ago.
Tags: exports, imports, imports and exports, new york, Polished Diamonds, polished exports, polished imports, Rapaport News, u.s.
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