Advanced Search

Belgium Sees Downturn in Polished Shipments

Apr 10, 2018 10:18 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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

Polished exports decreased 7% year on year to $1.09 billion and, by volume, fell 13% to 423,764 carats. The average price grew 7% to $2,570 per carat.

Polished shipments to Switzerland — which hosted the Baselworld show that month — slid 36% to $270.6 million, and exports to the United Arab Emirates declined 41% to $55.4 million. Those decreases outweighed a 48% jump in exports to Hong Kong to $140 million, while shipments to the US rose 29% to $319.3 million.

Polished imports saw a 1% increase to $1.49 billion, while net polished exports — the excess of exports over imports — stood at negative $400 million, compared with negative $309.6 million a year ago.

Rough imports climbed 10% to $1.17 billion, with rough exports soaring 30% to $1.48 billion. Net rough imports were negative $316.4 million versus negative $86.2 million last year.

The country’s net diamond account — the sum of rough and polished exports minus total imports — came to negative $83.6 million in March compared with negative $223.4 million the previous year.

In the first quarter, polished exports grew 1% to $3.18 billion, while rough imports went up 7% to $3.12 billion.

Image: Lesley Cheung
Tags: Antwerp World Diamond Centre, AWDC, Baselworld, Belgium, net diamond account, polished diamond exports, polished exports, Polished Shipments, Rapaport News
Similar Articles
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.