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US Polished Market Declines in 2017
Feb 27, 2018 3:35 AM
By Rapaport News
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RAPAPORT... US polished-diamond trading slowed last year, according to government data.
Polished imports dropped 6% to $21.62 billion and, by volume, slid 9% to
9.8 million carats. The average price increased 4% to
$2,205 per carat.
Polished exports fell 4% to $18.02 billion, while net
polished imports — the excess of imports over exports —
slipped 14% to $3.61 billion.
Rough imports for the year were up 23% to $1.06 billion, while rough exports grew 54% to $938 million. Net rough imports plummeted 51% to $123 million.
The US net diamond account — the sum of rough and polished
imports minus total exports — declined 16% to $3.73 billion.
Polished-diamond imports for December fell 4% year on year
to $1.48 billion, with polished exports down 2% at $1.33 billion. Net polished
imports for December slumped 19% to $147 million.
Image: Diamond Dealers Club of
New York
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Tags:
polished exports, polished imports, Polished-Diamond, price per carat, Rapaport News, rough exports, rough imports, US, US net diamond account
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