Rapaport News


Polished Markets

Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Rough Markets
Polished Markets

Record Average Price Supports Belgium Trade

Polished exports flat in 2018 as volume drops.
Feb 4, 2019 9:21 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Belgium’s polished exports were flat in 2018 as a higher average price offset a drop in volume, according to data the Antwerp World Diamond Centre (AWDC) released recently. Weakness in the market for smaller stones prompted an increase in trading in larger diamonds, leading to the highest annual average price on record, Rapaport archives show. Strong polished demand in the US and Hong Kong also drove the rise in value, mitigated by tariff disputes in the second half, the AWDC added. Trading slowed in December.

Millions unless stated otherwise Full year 2018 Year-on-year change
Polished exports $11,448.2 0%
Polished imports $11,450.5 3%
Net polished exports -$2.3 2017: Surplus of $270.6M
Rough imports $10,679.0 0%
Rough exports $12,461.6 -1%
Net rough imports -$1,782.6 2017: Deficit of $1.88B
Net diamond account $1,780.3 -17%
Polished exports: volume 4,785,072 carats -4%
Average price of polished exports $2,392/carat 5%
  Dec 2018 Year-on-year change
Polished exports $754.4 -18%
Polished imports $714.1 -14%
Net polished exports $40.3 58%
Rough imports $763.1 0%
Rough exports $1,110.8 -6%
Net rough imports -$347.7 2017: Deficit of $424.2M
Net diamond account $388.0 25%
Polished exports: volume 368,368 carats -23%
Average price of polished exports $2,048/carat 6%

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 Bourse. (AWDC)
Print Print Facebook Facebook Twitter Twitter Share Share
Tags: Antwerp, Antwerp World Diamond Centre, Average Price, AWDC, Belgium, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
May 27, 2020
Diamond industry reopening and adjusting to new normal as consumers emerge...
Christie’s to Sell $12M Blue Diamond Ring
Coronavirus Updates: Impact on the Diamond Trade
A Time to Heal
Hong Kong Victoria Harbour.Hong Kong Polished Imports Slump
May 27, 2020
Polished-diamond imports into Hong Kong plummeted 54% to $2.33 billion...
Swiss Watch Exports Down 81% in April
India’s Shipments Drop Sharply in March
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