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Hong Kong’s 2015 Polished Diamond Imports -11%
Feb 28, 2016 8:02 AM
By Rapaport News
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RAPAPORT... Hong Kong’s polished diamond imports declined 11 percent
to $17.52 billion in 2015, according to data from the Diamond Federation of
Hong Kong. In volume terms, polished imports
fell 12 percent to 18.6 million carats.
Polished imports from
India, Hong Kong’s biggest diamond trade partner, fell 13 percent to $7.22
billion compared with the previous year. Imports from Israel slumped 23
percent, while shipments from the U.S. slid 12 percent.
Polished exports decreased
3 percent to $13.31 billion during the period, with exports to Mainland China
down 14 percent to $2.3 billion. Consequently, net polished imports, which is
the excess of imports minus exports, dived 28 percent to $4.21 billion.
Rough imports tumbled 33
percent to $1.45 billion, while rough exports dropped 31 percent to $1.6
billion. Net rough imports, calculated as imports minus exports, were negative
$153.6 million compared with negative $132.2 million a year ago.
Hong Kong’s net diamond
account, reflecting total rough and polished imports minus total exports, declined
29 percent to $4.06 billion.
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Tags:
China, data imports and exports, exports, Hong Kong, imports, India, Israel, Rapaport News, trade data, u.s.
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