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Israel’s Polished Diamond Exports -59% in Jan.

Feb 15, 2009 9:59 AM   By Avi Krawitz
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RAPAPORT... Israel’s polished diamond exports fell 59 percent to $305.5 million in January 2009, according to data published by the country's Central Bureau of Statistics (CBS). Israel's rough diamond exports declined 77 percent to $101 million during the month.

Israel's total diamond exports, of both rough and polished, dropped 66 percent to $406.5 million during the month, compared with January 2008. Total diamond imports decreased 77 percent to $142 million, CBS noted in its January foreign trade report. CBS did not, however, provide specific figures for polished and rough imports. Israel’s net diamond account, measuring the extent to which total diamond exports exceeded imports, was down 53 percent to $264.5 million.

Earlier this month, Israel’s Ministry of Industry, Trade and Labor said it would publish the country’s diamond-trade data on a quarterly basis, rather than monthly as it had in the past. Rapaport News will continue to report monthly figures based on the CBS monthly foreign-trade data, and will provide a quarterly summary from the ministry’s publication.

Israel Rough and Polished Diamond Imports and Exports
January 2009

 By Value
($ Mil)
% Change
From '08
YTD 2009
($ Mil)
% Change
From '08
Polished Exports $305.50-59% $305.50-59%
Rough Exports $101.00-77% $101.00-77%
Total Diamond Exports $406.50-66% $406.50-66%
Total Diamond Imports  $142.00-77% $142.00-77%
Net Diamond Account $264.50 -53% $264.50 -53%

Tags: Israel
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