Israel exported a net of $1.451 billion worth of polished diamonds in the first quarter of 2010, a 55 percent increase compared to the first quarter of 2009, Diamond Controller Shmuel Mordechai announced Wednesday. A sharp rise in rough diamond trade was also reported.
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Belgium’s polished diamond market is continuing its recovery from the global recession, posting a double-digit growth in exports and imports. Belgium exported in February 582,934 carats of polished diamonds worth $875.26 million, a 1 percent growth in volume but a 15.4 percent growth in value, underscoring the rising prices of the goods.
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India’s gross polished diamond exports in January totaled $1.71 billion, an 89 percent leap compared to January 2009. With imports totaling $1.04 billion during January, net exports stood at $673 million. The rise in gross exports reflects a comparison to a weaker period last year during the height of the economic depression as well as jump in stock replenishments after a better- than-expected holiday season.
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The value of Sierra Leone’s diamond exports decreases by 20 percent in 2009, the West African country stated last week. Diamond exports were valued at $79 million for 2009, down from $99 million in 2008.
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It was not easy putting together a list of Israel’s top diamond exporters in 2009. The Diamond Controller’s office made many calls to diamond firms to get their approval for inclusion on the list, often to be turned down. Traders frequently did not want to expose the size of their decline in a year that will be remembered as one of the harshest for the Israeli diamond trade.
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It was not easy putting together a list of Israel’s top diamond exporters in 2009. The Diamond Controller’s office made many calls to diamond firms to get their approval for inclusion on the list, often to be turned down. Traders frequently did not want to expose the size of their decline in a year that will be remembered as one of the harshest for the Israeli diamond trade.
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India’s gross polished diamond exports grew by 65.7 percent in December, exporting $1.29 billion worth of polished diamonds with a total weight of 4.87 million carats, a 77 percent increase in volume compared to December 2008. This is the fourth consecutive month that polished exports have risen, according to provisional data released by the GJEPC.
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Belgium posted a year-over-year rise in imports and exports of polished diamonds in December. Polished exports totaled 687,791 carats with a value of $779.5 million, increases of 18.5 percent and 13.1 percent respectively, according to data published by the Antwerp World Diamond Centre (AWDC).
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2009 was a tough year for the global diamond industry. Imports and exports by the world’s diamond centers were far less than in previous years, according to official figures. However, in Israel, such figures were not made public in an attempt to not “depress” traders, an official at the Diamond Controller told IDEX Online. With the release of the annual figures on Sunday, it is now clear – it was a very depressed year.
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