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Belgium Diamond Exports Continue to Rise
Aug 29, 2021 10:43 AM
By Rapaport News
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RAPAPORT... Belgium’s polished-diamond exports increased in July, though the growth was gentler than in previous months as the market began to stabilize. Rough trading saw a sharp rise, according to recent data from the Antwerp World Diamond Centre (AWDC), as miners continued to sell large volumes in response to strong demand.
Belgium Trade Data for July 2021
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July 2021 |
Year-on-year change |
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| Polished exports |
$710M |
23% |
| Polished imports |
$572M |
9% |
| Net polished exports |
$139M |
144% |
| Rough imports |
$927M |
147% |
| Rough exports |
$1.13B |
275% |
| Net rough imports |
-$205M |
2020: Surplus of $74M |
| Net diamond account |
$344M |
2020: Deficit of $17M |
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| Polished exports by volume |
404,090 carats |
86% |
| Average price of polished exports |
$1,758/carat |
-34% |
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January-July 2021 |
Year-on-year change |
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| Polished exports |
$4.36B |
42% |
| Polished imports |
$4.32B |
43% |
| Net polished exports |
$37M |
-13% |
| Rough imports |
$5.93B |
90% |
| Rough exports |
$6.52B |
156% |
| Net rough imports |
-$596M |
2020: Surplus of $569M |
| Net diamond account |
$632M |
2020: Deficit of $527M |
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| Polished exports by volume |
2.2 million carats |
55% |
| Average price of polished exports |
$2,001/carat |
-8% |
Sources: Antwerp World Diamond Centre (AWDC); Rapaport archives.
About the data: Belgium is usually a net exporter of
polished diamonds. As such, net polished exports —
representing polished exports minus polished imports — will normally be a
positive number. The nation has historically been a net importer of rough,
though in recent years, it has often been a net rough exporter. While Antwerp
is still home to some high-value manufacturing, its main role in the market is
as a facilitator of rough-diamond trading, with companies from around the world
coming to the city to buy rough. The net diamond account is
total rough and polished exports minus total imports. It is Belgium’s diamond
trade balance, and shows the added value the nation creates by exporting rough
or manufacturing it into polished.
Image: Polished diamonds. (Antwerp World Diamond Centre)
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Tags:
Antwerp World Diamond Centre, AWDC, Belgium, exports, imports, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports, trade data
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