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Belgium Sees Monthly Exports Falter
Dec 18, 2018 10:24 AM
By Rapaport News
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RAPAPORT... Belgium’s polished trade dropped in November, according to
data from the Antwerp World Diamond Centre. Exports fell 11% amid a lower
average price, with volumes down 1%. Rough shipments also declined. However,
polished trading is up for the year to date, with rough mostly flat.
| Millions unless stated otherwise |
Nov 2018 |
Year-on-year change |
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| Polished exports |
$863.8 |
-11% |
| Polished imports |
$787.0 |
-10% |
| Net polished exports |
$76.8 |
-16% |
| Rough imports |
$872.2 |
-12% |
| Rough exports |
$841.3 |
-34% |
| Net rough imports |
$30.9 |
2017: Deficit of $297.6M |
| Net diamond account |
$45.9 |
-88% |
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| Polished exports: volume |
386,353 carats |
-1% |
| Average price of polished exports |
$2,236/carat |
-10% |
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Jan-Nov 2018 |
Year-on-year change |
| Polished exports |
$10,693.8 |
2% |
| Polished imports |
$10,736.4 |
4% |
| Net polished exports |
Deficit of $42.6M |
2017: Surplus of $175.8M |
| Rough imports |
$9,915.3 |
0% |
| Rough exports |
$11,350.8 |
-1% |
| Net rough imports |
Deficit of $1.44B |
2017: Deficit of $1.46B |
| Net diamond account |
$1,392.9 |
-15% |
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| Polished exports: volume |
4,416,721 carats |
-2% |
| Average price of polished exports |
$2,421/carat |
5% |
Based on data from the Antwerp World Diamond Centre
About the data: Belgium is usually a net exporter of
polished diamonds. As such, net polished exports — representing polished
exports minus polished imports — will normally be a positive number. The nation
is also a net exporter of rough. While Antwerp is home to some high-value
manufacturing, its main role in the market is as a facilitator of rough-diamond
trading, with companies from around the world coming to the city to buy rough.
The net diamond account is total rough and polished exports minus total
imports. It is Belgium’s diamond trade balance, and shows the added value the
nation creates by exporting rough or manufacturing it into polished.
Image: Antwerp Diamond Bourse.
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Tags:
Antwerp World Diamond Centre, Belgium, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports
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