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US Polished Diamond Exports Drop
Oct 29, 2017 10:37 AM
By Rapaport News
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RAPAPORT... US polished-diamond trading slowed in August, according to
government data.
Polished imports slid 7% to $1.55 billion for the month,
figures showed. Polished exports slipped 0.4% to $1.38 billion, meaning net
polished imports — the excess of imports over exports — fell 37% to $176
million.
By volume, polished imports declined 19% to 735,000 carats,
with the average price increasing 15% to $2,113 per carat.
Rough imports more than doubled to $33 million from $13
million a year ago, while rough exports grew to $124 million from $16 million. Net rough imports stood at negative $91 million, compared with
negative $2 million a year ago.
The US net diamond account — total rough and polished
imports minus total exports — fell 70% to $85 million.
In the first eight months of the year, polished imports
dropped 5% to $14.8 billion. Polished exports declined 4% to $12.26 billion,
and net polished imports retreated 11% to $2.54 billion. Rough imports grew 31%
to $555 million, while rough exports soared 94% to $526 million, leaving net
rough imports 81% lower at $29 million. The January-to-August net diamond
account fell 15% to $2.57 billion. |
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Tags:
exports, imports, net diamond account, net polished imports, polished exports, polished imports, polished-diamond trading, Rapaport News, trade data, US
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