RapNet


Rapaport News

 

Polished Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Hong Kong Polished Imports Continue to Slide

Aug 11, 2016 3:04 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Hong Kong’s polished diamond imports fell 9 percent in the first six months of 2016 driven by a decline in deliveries from the major trading centers, according to data compiled by the Diamond Federation of Hong Kong.

Shipments dropped to $8.52 billion, extending a downward trend that has persisted since the start of last year. A slump in imports from Belgium, India and Israel outweighed a slight increase in imports from the U.S. Imports by volume declined 2 percent to 9.4 million carats, while the average price slid 7 percent to $904 per carat.

Polished exports were flat at $6.65 billion, with shipments to Mainland China surging 19 percent to $1.26 billion and Indian orders nudging up 0.6 percent to $1.31 billion. Net polished imports, calculated as imports minus exports, fell 31 percent to $1.87 billion.

Rough imports dropped 22 percent to $716 million and rough exports increased 9 percent to $1.03 billion. Net rough imports, calculated as imports minus exports, were negative $317.5 million versus negative $28.7 million a year ago.

Hong Kong’s net diamond account, reflecting total rough and polished imports minus total exports, slumped 42 percent to $1.55 billion.
Tags: Belgium, China, Diamond Federation of Hong Kong, Hong Kong, imports and exports, India, Israel, net diamond account, Polished Diamonds, polished imports, Rapaport News, rough imports, trade, trade data
Similar Articles
Antwerp BeursAntwerp Bans Lab-Grown from Trading Floors
Oct 10, 2019
The Federation of Belgian Diamond Bourses has introduced aban on lab-grown...
Pink Diamond Nets $20M at Sotheby’s
WFDB Prepares Master Plan to Boost Relevance



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us