Israel Diamond Trade Up By 45% In 1st 2 Months

Diamond Authority supervisor Shmuel Mordechai said that although Israel’s imports and exports of rough andpolished diamonds fell during the first quarter of 2013, this was mainly a result of the U.S. / International Diamond Week event held in March. When this was disregarded and only the first two months of the year were  considered, Mordechai said that Israel‘s diamond industry activity demonstrated a 45% increase.

Statistics published by the Diamond Authority of the Israel’s Ministry of Industry, Trade and Labor show that the country’s polished diamond exports in the first quarter of the 2013 calendar year amounted to $1.601 billion, as opposed to $1.746 billion during the same period in 2012. Israel’s polished diamond exports saw a year-over-year decrease of 8.3%. The United States continued to account for the plurality of Israel’s polished diamond exports, with 41%. Hong Kong followed at 35%, and Belgium placed third with 7%.

Israel’s export of rough diamonds during the first three months of 2013 was $826 million, as compared to $805 million during the first three months of 2012, amounting to an increase of 2.7%. Israel’s imports of rough diamonds during 2013 Q1 were worth $891 million, compared to a $992 million worth in 2012 Q1, meaning a decrease of 10.2%.

The country imported $962 million of polished diamonds between January and March 2013, compared to $1.107 billion worth of polished diamond imports between January and March 2012 – a decrease of 13%.

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Published by The Israeli Diamond Industry. 

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