News

Advanced Search

Israel Diamond Shipments Continue Upward Trend

Nov 10, 2021 2:05 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... 
Israel’s diamond trade strengthened in October, buoyed by the sector’s extended recovery ahead of the holiday season.

Polished exports — after returns of unsold goods — more than tripled to $572.1 million for the month, up from $176.6 million a year earlier, the country’s Ministry of Economy and Industry reported Monday. Shipment volume jumped 59% to 157,969 carats, with the average price more than doubling to $3,621 per carat from $1,772 per carat in October 2020.

“October continued the significant growth trend that we have seen in the Israeli diamond industry in the past year,” said Ophir Gore, the nation’s diamond controller. “Looking at the past few months overall, as well as the situation in the global market, the Israeli diamond industry has many reasons to remain optimistic.”

Polished imports reached $350.7 million for the month, up from $162.1 million, the ministry said. Rough exports climbed 52% to $113.7 million, with rough imports rising 40% to $187.8 million.

Image: The Israel Diamond Exchange in Ramat Gan. (Shutterstock)
Tags: Israel, Ministry of Economy and Industry, Ophir Gore, polished exports, polished imports, Rapaport News, rough exports, rough imports
Similar Articles
Bharat Diamond BourseIndia’s Diamond Trading Jumps in December
Jan 19, 2022
India’s polished-diamond exports rose 3% year on year to $1.77 billion in December as the market continued to strengthen during
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.