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US Polished Imports Jump in April
Jul 10, 2018 3:31 AM
By Rapaport News
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RAPAPORT... The US polished-diamond trade saw significant year-on-year
growth in April, according to the latest government data. The 20% increase in
imports reflected both a higher volume and an improved average price. Shipments
in and out of the US increased in the first four months of 2018.
| US Diamond Trade Data for April 2018 |
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| $ Millions unless stated otherwise |
Apr 2018 |
Year-on-year change |
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| Polished imports |
1,870 |
20% |
| Polished exports |
1,406 |
21% |
| Net polished imports |
464 |
15% |
| Rough imports |
46 |
82% |
| Rough exports |
61 |
-47% |
| Net rough imports |
-15 |
-84% |
| Net diamond account |
449 |
43% |
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| Polished imports: volume (thousand carats) |
747 |
13% |
| Average price of polished imports ($/carat) |
2,503 |
6% |
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Jan-Apr 2018 |
Year-on-year change |
| Polished imports |
7,162 |
5% |
| Polished exports |
6,451 |
12% |
| Net polished imports |
711 |
-33% |
| Rough imports |
240 |
4% |
| Rough exports |
204 |
-17% |
| Net rough imports |
36 |
-322% |
| Net diamond account |
747 |
-29% |
Source: US government data; Rapaport calculations and
archives
About the data: The US, the world’s largest diamond
retail market, is a net importer of polished. As such, net polished imports —
representing polished imports minus polished exports — will usually be a
positive number. Net rough imports — calculated as rough imports minus rough
exports — will also generally be in surplus, though April was an exception. The
nation has no operational diamond mines but has a manufacturing sector, so normally
ships more rough in than out. The net diamond account is total rough and
polished imports minus total exports. It is the US’s diamond trade balance, and
shows the added value the nation creates by importing — and ultimately
consuming — diamonds.
Image: Chris Ruvolo
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Tags:
47th Street, government data, net diamond account, net polished imports, Net rough imports, new york, polished exports, polished imports, polished-diamond trade, Rapaport News, rough exports, rough imports, trade data, US
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