Advanced Search

Belgium’s Polished Trade Slows in July

Aug 8, 2017 8:08 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

A drop in exports to Hong Kong dented the Belgian polished-diamond trade in July, according to data from the Antwerp World Diamond Centre (AWDC).

Belgium’s total polished exports for the month fell 1% year on year to $1.01 billion, with shipments to Hong Kong diving 39% to $131.9 million. Still, orders from the US — Belgium’s largest export market for polished diamonds — partly offset that decline by rising 22% to $370.4 million, while shipments to Israel increased 16% to $118 million, the recent figures from the AWDC showed.

The total volume of polished exports dropped 9% to 480,158 carats, with the average price rising 9% to $2,107 per carat. Meanwhile, polished imports fell 12% to $740.6 million, leaving net polished exports 48% higher at $270.8 million.

The rough trade was down as well, with imports sliding 14% to $777.3 million and rough exports dipping 4% to $1.12 billion. Net rough imports stood at negative $347.4 million — compared with negative $260.2 million a year earlier — as the nation exported a greater value of rough than it imported.

Belgium’s July net diamond account, calculated as total rough and polished exports minus total imports, jumped 40% to $618.2 million.

The decline in trade extended to the first seven months of the year, during which polished exports fell 8% to $7.07 billion, while rough imports dropped 13% to $6.45 billion.

Image: The Port House, Antwerp
Tags: Antwerp World Diamond Centre, AWDC, Belgium, exports, Hong Kong, imports, Israel, Polished Trade, polished-diamond trade, Rapaport News, US
Similar Articles
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.