Advanced Search

Belgium’s November Polished Exports -12%

Dec 15, 2015 10:40 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Belgium’s polished diamond exports dropped 12 percent year on year to $920.4 million in November, according to the Antwerp World Diamond Centre (AWDC). By volume, exports slid 16 percent to 382,491 carats, while the average price fell 5 percent to $2,406 per carat.

Among Belgium’s main trading partners, polished exports to Hong Kong increased 0.7 percent to $188.1 million. Exports to most other major markets declined: the U.S. by 18 percent to $255.7 million, Israel by 27 percent to $79.6 million and the United Arab Emirates by 21 percent to $111.2 million. Exports to Switzerland surged 35 percent to $100.4 million, the only large percentage jump among Belgium’s major diamond trade partners.

Total polished imports to Belgium dived 17 percent to $770.2 million during the month as net polished exports, representing exports minus imports, soared 33 percent to $150.2 million.

Rough imports slumped 43 percent to $709.3 million and rough exports plummeted 54 percent to $643.4 million. Net rough imports, representing imports minus exports, moved from $171 million to $65.8 million during the month.

Belgium’s November net diamond account, representing total polished and rough imports less total exports, dived 70 percent to $84.4 million.

During the first eleven months of the year, polished exports fell 9 percent to $12.07 billion, while polished imports dropped 8 percent to $11.83 billion. Rough imports declined 26 percent to $10.28 billion and rough exports slipped 28 percent to $10.4 billion.

Belgium’s year-to-date net diamond account shrank 64 percent to $357.2 million.
Tags: Belgium, data, imports and exports, polished, Rapaport News, rough
Similar Articles
BDBIndia’s Diamond Shipments Decline
Feb 26, 2020
India’s polished-diamond exports dropped 6% to $1.65 billion in January, reflecting a lower average price, even as volumes rose.
© Copyright 1978-2020 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.