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Belgium's Nov. Polished Exports -22%

Dec 16, 2009 5:57 AM   By Avi Krawitz
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RAPAPORT... Belgium’s polished diamond exports fell 22 percent to $739.4 million in November, the Antwerp World Diamond Centre (AWDC) reported. By volume, polished exports declined 8 percent to 583,332.61 carats as their average price fell 15 percent from a year ago to $1,267.50 per carat.

The U.S. was the top destination for polished goods from Belgium, even though they were down by 14 percent year over year to $218.8 million. The Far East and India were the only regions to which Belgium increased its exports during the month, with exports to Hong Kong up 6 percent to $123.7 million, those to China rising 12 percent to $17.6 million and those to India growing 78 percent to $60.7 million.

Belgium’s polished imports decreased 20 percent to $701.7 million as its net polished exports, representing the amount that exports exceeded imports, fell 45 percent to $37.7 million.

The country’s rough imports grew 43 percent to $731.7 million in November, while its rough exports rose 64 percent to $838.6 million. Net rough imports, the extent to which rough imports exceeded exports, fell to a deficit of $107 million, compared with net imports of $72,000 a year ago.

Belgium’s net diamond account, representing total exports less total imports, more than doubled to $144.7 million from $67.6 million in November 2008.

For the first 11 months of the year, polished exports fell 33 percent to $7.85 billion, while polished imports dropped 36 percent to $7.3 billion and net polished exports nearly tripled to $549.4 million. Rough imports declined 43 percent to $5.89 billion and rough exports decreased 37 percent to $6.55 billion. Net rough imports fell to a deficit of $662.7 million.

Belgium’s net diamond account for the period extending from January through November more than tripled to $1.21 billion.

Belgium Rough and Polished Diamond Imports and Exports
November 2009

 By Value  By Volume
($ Mil)
% Change
From '08
YTD 2009
($ Mil)
% Change
From '08
(Cts 000s)
% Change
From '08
Polished Exports $739.36-22% $7,854.04-33%583.33-8%
Polished Imports $701.65-20% $7,304.64-36%588.46-1%
Net Polished Exports $37.71-45% $549.40N/A(5.13)N/A
Rough Imports $731.7043% $5,887.39-43%8,085.7728%
Rough Exports $838.6464% $6,550.09-37%11,759.9466%
Net Rough Imports ($106.95)N/A ($622.70)N/A (3,674.18)N/A
Net Diamond Account $144.66N/A $1,212.10N/A3,669.04N/A

Tags: Antwerp World Diamond Centre (AWDC), AWDC, Belgium, China, Hong Kong, India
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