News

Advanced Search

Belgium’s Polished Exports Stable in March

Apr 6, 2017 8:01 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Belgium’s exports of polished diamonds were almost flat in March, boosted by a significant rise in shipments to India, according to data published by the Antwerp World Diamond Centre (AWDC).

Polished exports crept up 0.4% to $1.17 billion, the AWDC said. By volume, outbound shipments dropped 1% to 485,409 carats, with the average price increasing 1% to $2,403 per carat.

Exports to India jumped 58% to $46.6 million, while shipments to the main consumer markets declined. Exports to the US fell 16% to $247 million, and to Hong Kong by 3% to $94.7 million. Shipments to Switzerland grew 4% to $421.2 million as dealers sent goods to the Basel show that took place March 22 to 27.

Polished imports fell 6% to $1.48 billion, meaning net polished exports – calculated as exports minus imports – stood as negative $309.6 million versus negative $408.9 million a year ago.

While the polished market was mixed, rough trading continued to grow, with rough imports rising 6% to $1.05 billion and rough exports advancing 2% to $1.14 billion during the month. Net rough imports fell 31% to $88.9 million.

Belgium’s March net diamond account was negative $220.7 million, compared with negative $280.8 million a year ago.

During the first quarter, polished exports fell 11% to $3.15 billion and polished imports dropped 10% to $3.1 billion. Rough imports declined 4.4% to $2.92 billion, while rough exports increased 2.3% to $3.26 million.

Belgium’s net diamond account jumped 74% to $400.2 million during the three-month period.
Tags: Antwerp, Antwerp World Diamond Centre, AWDC, Basel Show, Belgium, exports, Hong Kong, India, net diamond account, Polished Diamonds, polished exports, Rapaport News, rough exports, rough imports, Switzerland, US
Similar Articles
Podcast 5, April 2018Podcast: Are Trade Shows Dead?
Apr 23, 2018
With JCK Las Vegas approaching, the Rapaport editorial team looks at the future of industry fairs.The
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.