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Belgium Sees Rise in Polished Trade
Feb 27, 2018 4:40 AM
By Rapaport News
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RAPAPORT... Belgium’s polished-diamond exports increased in January,
according to data from the Antwerp World Diamond Centre (AWDC).
Polished exports jumped 29% year on year to $813.4 million
and, by volume, rose 21% to 352,131 carats. The average price grew 6% to
$2,310 per carat.
Polished exports to the US surged 48% to $275.4 million, while shipments to Hong Kong soared 95% to $144 million. Those increases outweighed a 5% decline in exports to Israel to $102 million.
Polished imports saw an 8% rise to $955.5 million, while net
polished exports — the excess of exports over imports —
stood at negative $142 million, compared with negative $249.9 million a year ago.
Rough imports climbed 14% to $1.09 billion, while rough
exports slid 1% to $1.02 billion. Net rough imports strengthened to $75 million from negative $75.3 million a year before.
The country’s net diamond account — the sum of rough and polished
exports minus total imports — dropped to negative $217 million in January from
negative $174.6 million a year ago.
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Tags:
Antwerp World Diamond Centre, AWDC, Belgium, polished exports, polished-diamond exports, Rapaport News
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