Advanced Search

US Polished Trade Continues Decline in May

Jul 26, 2017 10:04 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Polished-diamond imports to the US fell for the eighth consecutive month in May, according to government data.

Shipments into the country slid 8% year on year to $2.85 billion, extending a negative trend that started in October 2016, figures showed. Import volume slid 12% to 1.2 million carats, with the average price climbing 5% to $2,368 per carat.

May is usually one of the busiest months for US imports of polished diamonds as goods enter the country ahead of the JCK Las Vegas show at the beginning of June.

Polished exports declined 6% to $1.29 billion, while net polished imports dropped 9% to $1.56 billion.

Rough imports increased 5% to $139 million, and rough exports decreased 16% to $31 million. Net rough imports jumped 13% to $108 million. The net diamond account — calculated as total rough and polished imports minus total exports —v contracted 8% to $1.67 billion.

In the first five months of the year, polished imports declined 8% year on year to $9.65 billion, with polished exports down 5% to $7.02 billion. Net polished imports slid 15% to $2.63 billion.

Rough imports for the five-month period dropped 13% to $369 million, while rough exports surged 52% to $278 million. Net rough imports declined 36% to $92 million. The US net diamond account for the period retreated 16% to $2.72 billion.

Image: Newscast
Tags: net diamond account, Rapaport News, trade data, US, US Polished Imports
Similar Articles
US DataUS Polished Imports Jump in April
Jul 10, 2018
The US polished-diamond trade saw significant year-on-year growth in April, according to the latest government data. The
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 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.