RapNet


Rapaport News

 

Polished Markets

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

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

US Polished Imports Slow in April

Value and volume decline year on year, but average price grows 2%.
Jul 4, 2017 3:57 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... US polished-diamond imports slumped 15% year on year to $1.56 billion in April, according to government data.

The volume of imports slid 17% to 660,000 carats, while the average price crept up 2% to $2,366 per carat, the recent figures showed.

Polished exports fell 13% to $1.16 billion, meaning net polished imports — the difference between inbound and outbound shipments — declined 22% to $402 million.

Rough imports slumped 66% to $25 million, but rough exports grew 43% to $114 million. This meant net rough imports stood at negative $89 million, as the value of rough diamonds the US exported was greater than that of its imported ones. In April a year ago, rough imports trailed exports by $6 million.

The US net diamond account for the month — calculated as total rough and polished imports minus total exports — decreased 38% to $313 million.

In the first four months of 2017, US polished imports fell 8% year on year to $6.8 billion, while polished exports dropped 5% to $5.74 billion. Net polished imports slid 22% to $1.06 billion. Rough imports jumped 19% to $231 million, and rough exports grew 69% to $247 million, leaving net rough imports at negative $16 million versus positive $48 million a year earlier.

The net diamond account for the January-to-April period went down 26% to $1.05 billion.
Tags: data, imports and exports, net diamond account, new york, Polished Diamonds, Rapaport News, US, US trade data
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Jan 23, 2020
Polished sentiment positive following steady holiday sales. Strong interest...
JVC Honors GIA’s Susan Jacques
Bonhams Expands Global Jewelry Team
GIA Suspends Sealing Service
Rapaport LogoRapaport Weekly Market Comment
Jan 16, 2020
Polished trading stable with selective demand. Dealers focused on filling...
Belgium Shipments Hit 10-Year Low
GIA Advertises Origin Reports in Times Square
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