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Israel's Polished Exports -2% in 1H
Jul 4, 2013 4:03 AM
By Deena Taylor
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RAPAPORT... Israel’s polished diamond exports fell 2 percent year on year to $3.233 billion during the first half of 2013, government data showed.
Shmuel Mordechai,Israel's diamond controller explained that trading of rough and polished diamonds stabilized during the six months compared with the first half of 2012, despite the global economic crisis and the internal crisis in the industry. "We feel a slight stirring and hope that the second half will show a marked recovery in the industry," he said.
Mordechai added that trends at the recent Las Vegas and Hong Kong shows, where Israel hosted a large contingent of exhibitors, indicated stability in global activity and a slight recovery trend in the local industry.
Israel’s polished imports declined 5 percent to $2.084 billion during the first half of 2013. Net polished exports, representing the excess of exports over imports, grew 4 percent to $1.149 billion.
Israel’s rough imports rose 3 percent to $2.037 billion during the six month period and rough exports increased 8 percent to $1.639 billion. Net rough imports, representing imports less exports, dropped 15 percent to to $398 million.
Israel’s net diamond account, representing total exports of polished and rough less total imports, grew 19 percent to $751 million.
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Tags:
Deena Taylor, Israel, Polished Diamonds
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