Advanced Search

Belgium’s Polished Diamond Exports Decline

Dec 7, 2016 10:09 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Belgium’s polished diamond exports fell 6 percent to $878.4 million in November, according to the Antwerp World Diamond Centre. By volume, exports jumped 18 percent to 451,287 carats, while the average price dived 20 percent to $1,946 per carat.

Among Belgium’s main trading partners, polished exports to the U.S. declined 7 percent to $237.1 million, while shipments to Hong Kong grew 8 percent to $204 million. Exports to Israel leapt 46 percent to $116.5 million.

Total polished imports into Belgium dropped 10 percent to $695 million during the month. Net polished exports, representing exports minus imports, rose 14 percent to $183.4 million.

Rough imports grew 60 percent to $1.14 billion, while rough exports increased 63 percent to $1.05 billion, mirroring the rise in global rough trading this year. Net rough imports, representing imports minus exports, rose 32 percent to $87 million.

Belgium’s November net diamond account, representing total polished and rough exports minus total imports, edged up 1 percent to $96.3 million.

During the first 11 months of the year, polished exports declined 9 percent to $10.99 billion, while polished imports fell 9 percent to $10.71 billion. Rough imports jumped 10 percent to $11.32 billion, and rough exports increased 12 percent to $11.59 billion.

Belgium’s net diamond account for the year to date grew 49 percent to $550 million.
Tags: Antwerp, AWDC, Belgium, imports and exports, polished trading, Rapaport News, rough trading
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Jan 23, 2020
Polished sentiment positive following steady holiday sales. Strong interest in 0.30 ct., D-F, IF-VS1, but
Rapaport LogoRapaport Weekly Market Comment
Jan 16, 2020
Polished trading stable with selective demand. Dealers focused on filling US orders as jewelers begin post-holiday inventory
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© 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.