News

Advanced Search

Belgium’s Diamond Exports Slide

Oct 9, 2017 2:07 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Belgium’s polished diamond exports fell 4% year on year to $1.19 billion in September, as shipments to its two largest markets — the US and Hong Kong — continued to decline, data published by the Antwerp World Diamond Centre (AWDC) showed.

By volume, the exports slid 13% to 458,735.12 carats, while the average price of the goods rose 10% to $2,587.06 per carat.

Hong Kong ranked as Belgium’s largest market for polished diamonds, even as exports there fell 1.5% to $642.6 million during the month. Shipments to the US declined 17% to $202.8 million. During the first nine months of the year, exports to Hong Kong and the US have dropped 14% and 13%, respectively. The country’s exports to India grew 29% in the nine-month period.

Belgium’s polished imports fell 6% to $1.2 billion in September, as net polished exports improved by 55% to negative $17.8 million — meaning imports exceeded exports by that amount.

Rough imports slid 19% to $975.6 million during the month, and rough exports declined 23% to $1.1 billion. Belgium was a net exporter of rough during September amounting to $126 million.

The country’s September net diamond account — which calculates total imports of rough and polished minus total exports — declined 37% to $108.2 million. For the first nine months of the year, its net diamond account jumped 97% to $1.28 billion.
Tags: Antwerp, AWDC, Belgium, diamond, diamonds, jewellery, Jewelry, Rapaport News
Similar Articles
Chinese Grading Lab 150 120617Lab Spots Stone with CVD Coating
Dec 07, 2017
A Chinese gemological laboratory has identified a well-concealed synthetic-diamond coating that bolstered the size of a small natural
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 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.