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Israel's Polished Diamond Exports +6% in 1H
Jul 8, 2014 1:59 AM
By Avi Krawitz
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RAPAPORT... Israel’s polished diamond exports rose 6 percent year on year to $3.552 billion in the first half of 2014, according to data published by the Ministry of Economy. By volume, polished exports fell 7 percent to 1.335 million carats, while the average price of the exports rose 14 percent to $2,662 per carat.
Israel’s polished imports grew 3 percent to $2.155 billion during the first half of the year. The country’s net polished exports, representing the excess of exports over imports, increased 11 percent to $1.399 billion.
Israel’s rough diamond imports rose 1 percent to $2.053 billion although the volume of the imports fell 6 percent to 5.206 million carats. Rough exports increased 6 percent to $1.752 billion and net rough imports, representing imports minus exports, dropped 22 percent to $302 million.
Israel's net diamond account, which represents total exports of polished and rough minus total exports, rose 25 percent to $1.097 billion during the first six months of 2014.
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Tags:
Avi Krawitz, diamonds, Israel, Rapaport
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