RapNet


Rapaport News

 

Rough Markets

 

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

Belgium Rough Trade Slows in 1Q

Imports down 33% to $2.09 billion.
Apr 28, 2019 11:13 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... 
Belgium saw a decline in its imports and exports of rough diamonds in the first quarter, as mining companies’ sales dropped.

Shipments into the country slid 33% to $2.09 billion for the period, reflecting a 38% slump in rough sales at Alrosa, for which Belgium is the biggest market. De Beers’ revenues also fell 19% at its first two sales cycles of 2019, which took place during the quarter.

Meanwhile, Belgium’s polished exports decreased, as lower volumes outweighed a higher average price, according to the data from the Antwerp World Diamond Centre (AWDC).

Millions unless stated otherwise Mar 2019 Year-on-year change
     
Polished exports $1,047 -4%
Polished imports $1,512.1 2%
Net polished exports -$465.1 Deficit increased 16%
Rough imports $744.2 -36%
Rough exports $921.7 -38%
Net rough imports -$177.5 Deficit decreased 44%
Net diamond account -$287.6 Deficit increased 224%
     
Polished exports: volume 377,161 carats -11%
Average price of polished exports $2,776/carat 9%
     
  1Q 2019 Year-on-year change
Polished exports $3,063.8 -4%
Polished imports $3,225.9 2%
Net polished exports -$162 2018: Surplus of $16.1M
Rough imports $2,091.6 -33%
Rough exports $2,520 -28%
Net rough imports -$428.4 Deficit increased 8%
Net diamond account $266.3 Surplus decreased 36%
     
Polished exports: volume 1.2 million carats -10%
Average price of polished exports $2,652/carat 7%

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 Antwerp diamond district. (AWDC)
Print Print Facebook Facebook Twitter Twitter Share Share
Tags: Alrosa, Antwerp World Diamond Centre, Average Price, AWDC, Belgium, De Beers, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough, Rough Diamonds, rough exports, rough imports
Similar Articles
Ian Rowe DDI DPDDI Appoints Ian Rowe as Executive Director
Aug 19, 2019
The Diamond Development Initiative (DDI) has promoted IanRowe to executive...
De Beers Lets Clients Reject 50% of Goods
Who’s Buying the Rough in 2019?
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