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Belgium Sees Jump in Polished Exports

Nov 8, 2017 9:04 AM   By Rapaport News
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Belgium’s polished-diamond exports grew in October, according to data the Antwerp World Diamond Centre (AWDC) released this week.

Polished exports for the month increased 6% year on year to $817.9 million. By volume, orders declined 4% to 406,065 carats, with the average price jumping 10% to $2,014 per carat.

Polished imports dropped 1% to $787.3 million, meaning net polished exports — the balance of exports minus imports — stood at $30.6 million, compared with negative $20.8 million a year ago.

Rough imports increased 1% to $904.3 million, while rough exports rose 15% to $830.2 million. Net rough imports, calculated as imports minus exports, decreased 58% to $74.1 million.

The nation’s net diamond account — a calculation of total exports of rough and polished minus total imports, measuring the added value of Belgium’s diamond industry during the period — stood at negative $43.5 million, an improvement over last year’s figure of negative $197.2 million.

Over the first 10 months of the year, polished exports dropped 6% to $9.5 billion, while rough imports slid 12% to $8.98 billion.

Image: The Port House, Antwerp
Tags: Antwerp World Diamond Centre, AWDC, Belgium, exports, imports, net diamond account, net polished exports, polished exports, polished imports, Rapaport News
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