RapNet


Rapaport News

 

Polished Markets

 

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

Belgium’s Polished Trade Slows in July

Exports to Hong Kong fall 39%; rough imports and exports also down.
Aug 8, 2017 8:08 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
A drop in exports to Hong Kong dented the Belgian polished-diamond trade in July, according to data from the Antwerp World Diamond Centre (AWDC).

Belgium’s total polished exports for the month fell 1% year on year to $1.01 billion, with shipments to Hong Kong diving 39% to $131.9 million. Still, orders from the US — Belgium’s largest export market for polished diamonds — partly offset that decline by rising 22% to $370.4 million, while shipments to Israel increased 16% to $118 million, the recent figures from the AWDC showed.

The total volume of polished exports dropped 9% to 480,158 carats, with the average price rising 9% to $2,107 per carat. Meanwhile, polished imports fell 12% to $740.6 million, leaving net polished exports 48% higher at $270.8 million.

The rough trade was down as well, with imports sliding 14% to $777.3 million and rough exports dipping 4% to $1.12 billion. Net rough imports stood at negative $347.4 million — compared with negative $260.2 million a year earlier — as the nation exported a greater value of rough than it imported.

Belgium’s July net diamond account, calculated as total rough and polished exports minus total imports, jumped 40% to $618.2 million.

The decline in trade extended to the first seven months of the year, during which polished exports fell 8% to $7.07 billion, while rough imports dropped 13% to $6.45 billion.

Image: The Port House, Antwerp
Tags: Antwerp World Diamond Centre, AWDC, Belgium, exports, Hong Kong, imports, Israel, Polished Trade, polished-diamond trade, Rapaport News, US
Similar Articles
BonhamsBonhams Auctions Historic Emerald
Sep 19, 2019
A historic emerald given to Lady Mary Hood Mackenzie byMughal Emperor...
Sarine, NGTC Partner on Grading Standards
Hong Kong Fair Prioritizes Buyer Incentives
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



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