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US Polished Imports Slow in April
Jul 4, 2017 3:57 AM
By Rapaport News
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RAPAPORT... US polished-diamond imports slumped 15% year on year to
$1.56 billion in April, according to government data.
The volume of imports slid 17% to 660,000 carats, while the
average price crept up 2% to $2,366 per carat, the recent figures showed.
Polished exports fell 13% to $1.16
billion, meaning net polished imports — the difference between inbound and
outbound shipments — declined 22% to $402 million.
Rough imports slumped 66% to $25 million, but rough exports grew
43% to $114 million. This meant net rough imports stood at negative $89 million,
as the value of rough diamonds the US exported was greater than that of its
imported ones. In April a year ago, rough imports trailed exports by $6
million.
The US net diamond account for the month — calculated as
total rough and polished imports minus total exports — decreased 38% to $313
million.
In the first four months of 2017, US polished imports fell
8% year on year to $6.8 billion, while polished exports dropped 5% to $5.74
billion. Net polished imports slid 22% to $1.06 billion. Rough imports jumped
19% to $231 million, and rough exports grew 69% to $247 million, leaving net
rough imports at negative $16 million versus positive $48 million a year
earlier.
The net diamond account for the January-to-April period went
down 26% to $1.05 billion.
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Tags:
data, imports and exports, net diamond account, new york, Polished Diamonds, Rapaport News, US, US trade data
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