News

Advanced Search

Antwerp Sees Improved Polished Trade

Jun 12, 2017 4:16 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Belgium’s polished diamond exports increased in May, aided by higher shipments to Hong Kong and Israel, according to data from the Antwerp World Diamond Centre (AWDC).

Polished exports rose 1.4% year on year to $1.12 billion, the AWDC said last week. Shipments to Hong Kong grew 13% to $156.7 million, while orders from Israel jumped 55% to $174.9 million. Exports to Switzerland showed particular improvement, more than doubling to $85.6 million. These increases outweighed a 19% slide in exports to the US, which came to $413.1 million.

By volume, total polished exports fell 12% to 422,711 carats, with the average price climbing 15% to $2,658 per carat. Polished imports, meanwhile, increased 9% in value to $1 billion, leaving net polished exports 35% lower at $120.4 million.

Rough imports fell 18% to $1.06 billion, while exports dropped 3% to $1.24 billion during the month. Net rough imports stood at negative $188 million, versus positive $14.8 million a year ago.

Belgium’s net diamond account — representing total exports minus total imports — grew 80% to $308.4 million.

In the first five months of 2017, polished exports fell 9% year on year to $5.06 billion, and polished imports declined 4.7% to $4.98 billion. Rough exports fell 6% to $5.41 billion, while rough imports slumped 16% to $4.67 billion.
Tags: Antwerp, Antwerp World Diamond Centre, AWDC, Belgium, Hong Kong, Israel, net diamond account, Rapaport News, trade data
Similar Articles
Podcast 5, April 2018Podcast: Are Trade Shows Dead?
Apr 23, 2018
With JCK Las Vegas approaching, the Rapaport Diamond Podcast looks at the future of industry fairs.
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.