News

Advanced Search

US Polished Trade Picks Up in January

Mar 15, 2018 7:06 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Polished-diamond imports to the US grew 3% to $1.81 billion in January, according to government data.

By volume, polished imports slid 4% to 805,320 carats, while the average price of imports jumped 7% to $2,252 per carat.

US polished exports, meanwhile, jumped 22% to $1.52 billion, causing net polished imports — the excess of imports over exports — to slide 44% to $289 million.

Rough exports plummeted 73% to $15 million, while rough imports slumped 53% to $57 million, meaning net rough imports dropped 35% to $42 million.

The US net diamond account — its total rough and polished imports minus total exports — plunged 43% to $331 million.

Image: Tupungato/Shutterstock
Tags: polished imports, polished-diamond imports, Rapaport News, rough exports, US, US net diamond account, US polished exports
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Jul 19, 2018
Slow trading, with dealers in summer vacation mode. Bargain-hunters asking for higher discounts during quiet
Plump ClubPlumb Club Names New President
Jul 18, 2018
The Plumb Club, an alliance of suppliers to the jewelry, diamond and watch industries, has elected Michael
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.