Advanced Search

Belgium’s Polished Trade Slides

May 8, 2018 9:37 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Belgium’s polished-diamond exports dropped in April, according to data from the Antwerp World Diamond Centre (AWDC).

Polished exports decreased 7% year on year to $728.2 million but, by volume, rose 3% to 389,218 carats. The average price went down 10% to $1,871 per carat.

The fall was mainly a result of a 60% slide in shipments to the United Arab Emirates to $48.8 million and a 30% drop in exports to Switzerland to $47.8 million. Those declines outweighed a 45% rise to $249.4 million in the US, and a 15% spike in shipments to Hong Kong to $140.9 million.

Polished imports fell 3% to $861.7 million, while net polished exports — the excess of exports over imports — stood at negative $133.5 million, compared with negative $105.1 million a year ago.

Rough imports soared 43% to $933.4 million, with rough exports climbing 17% to $1.05 billion. Net rough imports were negative $60 million versus negative $209.1 million last year.

The country’s net diamond account — the sum of rough and polished exports minus total imports — came to negative $73.5 million in April compared with $104 million the previous year.

In the first four months of the year, polished exports slipped 1% to $3.91 billion, while rough imports climbed 14% to $4.12 billion.
Tags: Antwerp World Diamond Centre, AWDC, Belgium, Belgium’s polished imports, Rapaport News
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.