Advanced Search

Israel Diamond Industry Enjoys Rare Growth

May 8, 2017 5:57 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Israel’s polished diamond exports bounced back in the first quarter as orders from Switzerland and the US grew during the period.

Outbound polished shipments jumped 16% to $1.7 billion  in the January-to-March period, according to the nation’s Ministry of Industry, Trade and Labor. The increase was only the third positive quarter for polished exports out of the past two-and-a-half years, according to Rapaport calculations.

Switzerland was the largest export market for the Israeli trade, with shipments rising significantly to $535.1 million during a quarter that included the annual Baselworld show. Exports to the US increased 3.5% to $513.9 million.

Israel’s polished imports fell 13% to $699.3 million during the period, leaving net polished exports 51% higher at $997.1 million.

Rough imports increased 4% to $785.2 million, while rough exports advanced 12% to $768.2 million. Net rough imports slid 76% to $17 million.

Israel’s net diamond account for the quarter – calculated as total polished and rough exports minus total imports – grew 65% to $980 million.
Tags: Baselworld, Israel, Israel Diamond Exchange, Israel Diamond Trade, net diamond account, polished diamond exports, polished exports, Rapaport News, Switzerland, trade data, US
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Nov 21, 2019
Market sentiment improves as focus shifts to retail ahead of Thanksgiving weekend. Jewelers preparing Black Friday promotions,
Antwerp BourseDecline in Belgium Trade Intensifies
Nov 20, 2019
Belgium’s diamond trade slowed at a higher rate in October, reflecting global market weakness. Polished exports fell
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.