News

Advanced Search

Export Data Shows Bleak April for Antwerp

May 10, 2017 9:30 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Belgium’s polished diamond exports slowed in April, dented by a drop in shipments to Hong Kong and the US.

Polished exports fell 13% year on year to $779.4 million, according to figures the Antwerp World Diamond Centre (AWDC) released this week. By volume, polished orders for the month fell 17% to 376,528 carats, with the average price rising 4% to $2,070 per carat.

Exports to the US slumped 39% to $172.5 million, while shipments to Hong Kong dropped 25% to $122.7 million. Orders from the United Arab Emirates declined 9% to $120.8 million. These three trade partners accounted for more than half of Belgium’s polished exports.

Polished imports, meanwhile, crept up 1% to $883.7 million, meaning net polished exports were negative $104.3 million, versus positive $25.1 million in the same period last year.

Rough trading also tumbled, with imports sliding 43% to $694 million. Rough exports fell 29% to $903 million, leaving net rough imports at negative $209.1 million compared with negative $57.4 million a year before.

Belgium’s net diamond account, representing total rough and polished exports minus total imports, grew 27% to $104.8 million.

In the first four months of the year, polished exports dropped 11% to $3.93 billion, while imports fell 8% to $3.98 billion. Rough imports declined 15% to $3.61 billion, and rough exports were down 7% to $4.16 billion.

Image: Daniel Lobo
Tags: Antwerp, AWDC, Belgium, data, Hong Kong, net diamond account, polished diamond exports, polished exports, Rapaport News, rough exports, rough imports, the Antwerp World Diamond Centre, trade data, United Arab Emirates, US
Similar Articles
Carat+ Show to Return in MayCarat+ Reveals Show Details
Jan 16, 2018
The second edition of the Carat+ diamond trade show will take place at the Antwerp Expo
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.