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Israel’s Polished Exports Slump in 1Q
May 1, 2018 8:19 AM
By Rapaport News
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RAPAPORT... Israel’s polished-diamond exports declined 33% to $1.16
billion in the first quarter of 2018, the nation’s Ministry of Economy and
Industry reported this week.
By volume, outbound polished-diamond shipments fell 1% to
496,783 carats after returns of goods. The average price for polished exports
decreased 32% to $2,328 per carat.
Polished imports rose 7% to $747.2 million, while net
polished exports — representing exports minus imports — dropped 60% to $409.2
million.
Rough trading also declined, with imports down 7% to $728.6
million, while exports slid 1% to $761.3 million. Net rough imports — the excess
of imports over exports — stood at negative $33 million, compared with positive
$17 million a year ago.
Israel’s net diamond account — net polished exports minus
net rough imports — plummeted 56% to $441.9 million for the January-to-March
period.
Image: Traders in the
Israel Diamond Exchange. Credit: Three Photographers
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Tags:
Israel, Israel Polished Exports, Ministry of Economy and Industry, Rapaport News
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