Advanced Search

Rough Trading Slowed in 2018

Jul 9, 2019 9:18 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Global rough-diamond shipments dropped last year, reflecting slower trading in India and Belgium, according to new data from the Kimberley Process (KP).

Total rough imports slipped 3% to $48.49 billion for 2018, with volume down 7% to 424.2 million carats, the figures showed last week. Rough exports fell 1% to $49.52 billion, while volume declined 6% to 428.6 million carats.

India’s rough imports fell 10% to $17.08 billion, outweighing a 0.5% increase in imports to the European Union, which mainly comprises the Belgian trade. Both markets also saw a drop in rough exports.

The United Arab Emirates (UAE) and China both imported more rough than in 2017. Shipments to the UAE rose 6% to $7.32 billion, though the country’s exports slipped. The nation’s average export price jumped 13% to $125 per carat, outstripping its average import price of $97 per carat. China’s rough imports also increased, bringing the country into fifth place by value, ahead of Botswana.

Top Five Rough Importers in 2018

  Value ($M) Volume (’000 carats) Average price ($/ct.)
India 17,083 168,047 102
European Union 12,247 129,272 95
United Arab Emirates 7,321 75,721 97
Israel 3,316 10,021 331
China 2,307 15,854 146

Top Five Rough Exporters in 2018

  Value ($M) Volume (’000 carats) Average price ($/ct.)
European Union $12,442 122,164 $102
United Arab Emirates $9,445 75,458 $125
Botswana $5,533 35,471 $156
Russia $4,695 44,659 $105
Israel $2,912 9,106 $320
Source: Kimberley Process

Image: An Alrosa diamond-sorting center in Mirny, Russia. (Alrosa)
Tags: Kimberley Process, KP, Rapaport News, rough, Rough Diamonds, rough trading
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 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.