News

Advanced Search

Belgium Polished Diamond Exports Decline

Jul 9, 2017 8:26 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT...  Belgium’s polished-diamond trading slumped in June amid fewer shipments to Hong Kong, according to data the Antwerp World Diamond Centre (AWDC) released last week.

Polished exports fell 12% year on year to $1 billion during the month, with imports also down 12% to $1.08 billion. Net polished exports stood at negative $73.3 million versus negative $84.3 million a year ago as Belgium exported a lower value of polished diamonds than it imported.

By volume, polished exports fell 8% to 460,201 carats. The average price of those exports declined 4% to $2,183 per carat.

Polished exports to Hong Kong, Belgium’s biggest trade partner for polished diamonds, dived 22% to $354.4 million. US exports dipped 2.3% to $212 million.

Meanwhile, rough-diamond imports grew 5% to $996.5 million, and rough exports jumped 24% to $1.19 billion, the AWDC data showed. Net rough imports amounted to negative $192.9 million, compared with negative $14.4 million a year earlier.

Belgium’s June net diamond account — total rough and polished exports minus total imports — was $119.6 million versus negative $70 million the year before.

During the first half of the year, Belgium’s polished exports fell 9% year on year to $6.06 billion. Polished imports dropped 6%, also reaching $6.06 billion, while net polished exports slid to negative $1.2 million from positive $220.1 million.

First-half rough imports slumped 13% to $5.67 billion, with rough exports down 1.5% to $6.6 billion. Net rough imports came to negative $931 million compared with negative $193.5 million a year back.

The net diamond account for the six months more than doubled to $929.8 million from $413.7 million the previous year.
Tags: Antwerp World Diamond Centre, AWDC, Belgium, Hong Kong, imports and exports, net diamond account, Polished Diamonds, polished exports, polished-diamond trading, Rapaport News, Rough Diamonds, US
Similar Articles
Rapaport Weekly Market Comment
Apr 18, 2018
Sentiment mixed as April trading slows. Manufacturers concerned about tight profit after De Beers raised prices
MJSAJewelry Group MJSA Appoints Council Director
Apr 16, 2018
Manufacturing Jewelers & Suppliers of America (MJSA) has appointed Joel McFadden director of its Council of Custom
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.