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Hong Kong Data Shows Declines Across Import and Exports of Rough and Polished
Aug 10, 2015 10:13 AM
By Ronen Shnidman
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RAPAPORT... Hong Kong's polished diamond imports decreased 4 percent year on year to $9.3 billion during the first half of 2015, according to the Diamond Federation of Hong Kong, China Ltd.
By volume, polished imports dropped 9 percent to 9.635 million carats. Polished exports and re-exports fell 2 percent to $6.6 billion during the first six months of the year. As a result net polished imports dropped 7 percent to $2.7 billion.
Rough diamond imports to Hong Kong slid 20 percent to $917.3 million during the half. By volume, rough imports fell 32 percent to 5.318 million carats. Rough diamond exports dropped 22 percent to $946 million, leaving net imports with a deficit of $28.7 million compared with a deficit of $64.4 million a year ago.
During the first six months of the year, Hong Kong's net diamond account, representing total diamond imports minus exports, dropped 7 percent to $2.7 billion.
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Tags:
Diamond Federation of Hong Kong, Hong Kong, polished, Ronen Shnidman, rough, Trade Statistics
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