Diamond Exports Grow
U.S. polished diamond imports in June fell 3.6 percent year on year to $1.562 billion, while the average price dropped 4.4 percent to $1,661 per carat. The month of June historically records returns from the JCK Vegas show to major trading centers and this year, polished exports surged 12.6 percent to $2.555 billion, which was a record high.
Of the largest trading centers, Israel recorded the highest amount of returns. U.S. polished diamond imports from Israel totaled $563.5 million in June, but polished exports amounted to $741.2 million. Polished imports from India stood at $510.3 million; however, polished exports totaled $527.7 million. Polished imports from Belgium came to $276.5 million and exports were $378.5 million. Additionally, $562.8 million worth of polished diamonds were exported to Hong Kong.
Ian Gallachers Blog
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