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US Polished Trade Slows in October
Dec 19, 2017 3:29 AM
By Rapaport News
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RAPAPORT... US polished-diamond imports slumped 14% year on year to
$1.81 billion in October, according to data the government released recently. By volume, polished imports dived 13% to 881,922 carats, with the average price declining 1% to $2,049 per carat.
Polished exports fell 5% to $1.24 billion, leaving net
polished imports — representing imports minus exports — 29% lower at $567
million, the figures showed.
Rough imports more than doubled to $124 million from $51
million a year ago, while rough exports fell 61% to $46 million. Net rough
imports, representing imports minus exports, stood at positive $78 million
versus negative $67 million a year ago.
The US net diamond account — total rough and polished
imports minus total exports — fell 11% to $646 million in October.
In the first 10 months of the year, polished imports dropped
8% to $18.38 billion, while polished exports declined 4% to $15.21 billion. Net
polished imports slid 23% to $3.17 billion. Rough imports jumped 14% to $738
million, while rough exports leapt 51% to $608 million. Net rough imports fell
47% to $130 million, with the net diamond account down 24% to $3.3 billion.
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Tags:
net diamond account, Rapaport News, trade data, US, US exports, US imports
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