U.S. polished diamond imports for September plunged 18 percent year on year to
$1.47 billion, leaving net imports of only $42 million compared with $116 million
one year ago. The average price per carat for diamond imports fell 22 percent to $1,290. • Polished diamond exports dropped 15 percent to $1.43 billion.• Rough diamond imports fell 29 percent to $35 million.• Rough diamond exports plummeted 43 percent to $17 million. For the first nine months of 2012, polished imports to the U.S. fell 11 percent to
$14.98 billion and polished exports were down by 7 percent to $12.92 billion.
Rough imports dropped 20 percent $377 million, while rough exports fell 26 percent
to $238 million.
India’s polished diamond exports fell 28 percent year on year to $1.34 billion in October, according to the Gem and Jewellery Export Promotion Council (GJEPC). By volume, polished exports declined 27 percent to 2.834 million carats as the average price of the exports dropped 2 percent to $472.57 per carat.• Polished diamond imports fell 47 percent to $480.3 million. • Rough diamond imports rose 109 percent to $1.48 billion. • Rough diamond exports fell 30 percent to $99.7 million.
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$1.06 billion, while the volume of carats increased nearly 13 percent to 601,054. • Polished imports dropped 10 percent to $1.07 billion.• Rough diamond imports rose 29 percent to $1.16 billion.• Rough diamond exports surged 67 percent year on year to $1.24 billion.
Japan’s polished diamond imports fell 17 percent year on year to $80.2 million in September, Momozawa reported citing the Finance Ministry. By volume, imports
decreased 28 percent to 172,387 carats, while the average price for goods rose 17 percent
to $465 per carat. During the first nine months of the year, Japan’s polished imports rose
13 percent to $671.7 million, while the volume of imports declined 8 percent to
1,428,767 carats.
Botswana’s Central Statistics Office (CSO) reported that diamond exports in August rose 14 percent year on year to $504 million (BWP 3.973 billion). Diamonds accounted for nearly 85 percent of the country’s exports by value during the month.Diamond imports in August fell 76 percent year on year to $21 million (BWP 167.9 million). The government clarified that with the recent relocation of De Beers Diamond Trading Company (DTC) from London to Gaborone, the country’s rough diamond exports will experience “hiccups,” owing to the fact that diamonds from all over the world are pooled together before being revalued and distributed to sightholders.
Hong Kong’s polished diamond imports fell 14 percent year on year to $4.15 billion
in the third quarter of 2012, according to data published by the Diamond Federation of
Hong Kong, China. By volume, polished imports dropped 19 percent to 5.261 million carats while the average price of the imports rose 6 percent to $789.30 per carat. • Polished diamond exports declined 20 percent to $2.69 billion. • Rough diamond imports slumped 47 percent to $317.6 million.• Rough diamond exports fell 12 percent to $413 million.
Lucara Diamond Corp. reported revenue of $12.7 million in the third quarter of 2012 after holding two sales from its Karowe mine in Botswana, achieving an average price
of $225 per carat. Lucara posted a net loss of $3.4 million compared with a net loss of
$5.5 million a year earlier.Article from the Rapaport Magazine - December 2012. To subscribe click here.