RapNet


Rapaport News

 

Polished Markets

 

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

Belgium Sees Trading Slump Ease

Polished exports down 35% year on year in July.
Aug 30, 2020 7:56 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Belgium’s diamond shipments continued to fall in July, but the rate of decline slowed as markets reopened following coronavirus shutdowns. The country’s polished exports dropped 35% year on year for the month, compared with a 44% slump in June, according to recent data from the Antwerp World Diamond Centre (AWDC).

Belgium trade data for July 2020
  July 2020 Year-on-year change
     
Polished exports $580M -35%
Polished imports $521M -20%
Net polished exports $59M -76%
Rough imports $376M -30%
Rough exports $302M -59%
Net rough imports $74M 2019: Deficit of $206M
Net diamond account -$16M 2019: Surplus of $449M
     
Polished exports by volume 217,770 carats -51%
Average price of polished exports $2,662/carat 31%
     
  January-July 2020 Year-on-year change
     
Polished exports $3.07B -55%
Polished imports $3.03B -56%
Net polished exports $44M 2019: Deficit of $19M
Rough imports $3.12B -36%
Rough exports $2.55B -55%
Net rough imports $569M 2019: Deficit of $827M
Net diamond account -$525M 2019: Surplus of $808M
     
Polished exports by volume 1.4 million carats -47%
Average price of polished exports $2,184/carat -15%


Sources: Antwerp World Diamond Centre (AWDC), 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 has historically been a net importer of rough, though in recent years, it has often been a net rough exporter. While Antwerp is still 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 Port House, Antwerp. (Shutterstock)
Print Print Facebook Facebook Twitter Twitter Share Share
Tags: Antwerp, Antwerp World Diamond Centre, AWDC, Belgium, exports, imports, Rapaport News
Similar Articles
Sothebys De Beers 150Sotheby’s to Auction De Beers Jewels for Charity
Nov 18, 2020
Sotheby’s will sell five natural-diamond pendants created for De Beers’...
Large Sapphires to Lead Christie’s New York
Belgium Polished Trade Slips in October
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