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U.S. Polished Diamond Imports +4% in August

Oct 8, 2015 1:27 AM   By Rapaport News
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RAPAPORT... U.S. polished diamond imports increased 3.9 percent year on year to $1.62 billion in August. The average price for polished goods rose 5.3 percent to $1,861 per carat, according to Commerce Department data released on October 6.

Polished exports fell 16 percent to $1.34 billion, resulting in a surplus of $281.6 million compared with a deficit of $33 million in August 2014.

Rough diamond imports more than doubled in August to $43 million, while rough exports rose 16 percent to $31.7 million, leaving net rough imports at $11.3 million compared with $7.8 million last year. The net diamond account shows imports exceeded exports by $292 million compared with last year’s $41.7 million deficit.

During the first eight months of the year, polished diamond imports rose 1 percent compared to the same period in 2014 to $16 billion and polished exports fell 12 percent to $12.9 billion.
Tags: Department of Commerce, exports-imports, foreign trade, Rapaport News
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