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Belgium Diamond Shipments Drop

Oct 22, 2019 3:51 AM   By Rapaport News
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RAPAPORT... Belgium’s diamond trade slowed in September, continuing a downward trend for the year. A 25% decline in polished exports reflected lower volumes and a fall in the average price.

  Sep 2019 Year-on-year change
     
Polished exports $873 -25%
Polished imports $860 -29%
Net polished exports $13 2018: Deficit of $40M
Rough imports $608 -24%
Rough exports $752 -22%
Net rough imports -$144 Deficit narrowed 7%
Net diamond account $156 37%
     
Polished exports: volume 341,862 carats -20%
Average price of polished exports $2,553/carat -6%
     
  Jan-Sep 2019 Year-on-year change
     
Polished exports $8,006 -10%
Polished imports $8,264 -8%
Net polished exports -$258 Deficit widened 71%
Rough imports $5,964 -28%
Rough exports $6,796 -29%
Net rough imports -$833 Deficit narrowed 38%
Net diamond account $575 -52%
     
Polished exports: volume 3.2 million carats -12%
Average price of polished exports $2,521/carat 3%
 
All numbers in millions of dollars unless stated otherwise.


Source: Antwerp World Diamond Centre; Rapaport archives

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: The Diamond Office in Antwerp. (Antwerp World Diamond Centre)
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Tags: Antwerp, Antwerp World Diamond Centre, AWDC, Belgium, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports, trade data
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