Pearl Necklace

Wednesday, June 7, 2017

Polished diamond imports to the US fell 15%

According to government data, in February this year, polished diamond imports to the US fell 15% to $ 1.49 billion.
Polished imports by weight fell by 18% to 635,000 carats as the average price rose by 3%, to $ 2345 per carat. Polished exports fell 11% to $ 1.75 billion, while net imports fell to minus $ 257 million compared to minus $ 214 million in the same period a year earlier.
Exports to Hong Kong in the reporting period amounted to $ 633.1 million against the imports of $ 62.4 million, which affected the net import figures.
Rough imports in the United States grew 14% $ 50 million, while diamond exports jumped by 37% to $ 31 mn. Net US import diamond decreased by 10% to $ 20 Mill.
The balance of the diamond trade, which reflects the difference between the net import and export of decreased to minus $ 237 million, while it amounted to an additional $ 192 million. in February 2015
Meanwhile, fell 14% in the first two months of the year, polished diamond imports to the US, to $ 3.25 billion and polished exports fell 13% to $ 2.99 billion, while net imports fell 24% to $ 261 million.
in January and February, imports of rough diamonds in the US yros 90% of $ 170 million, while rough exports jumped 78% to $ 86 million. Net imports of diamonds in the US grew to $ 84 million versus $ 41 million a year earlier.
The balance of the diamond trade declined by 10% q $ 345 million.
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1 comment:

  1. Another six people were detained on charges of hacking into Diamond Gemological Institute of America reporting database (Gemological Institute of America, GIA) , said in a statement the laboratory. Total detention is eight people.
    The GIA also noted that the time to confirm the validity of reports of members of the diamond trade, anxious for their authenticity, it has been increased to 2 months prior to March 31, 2016.
    The members of the diamond trade, have a report issued in November 2014 to October 2015, are concerned about the reliability of their reports on diamonds can send free reports and original diamonds associated with them in any of the GIA Laboratory.
    To date, only 297 out of 1042 more invalid reports were sent to the GIA. "It is important that all the diamonds and reports it back to the lab to remove incompetent inflated market reports", - said in a statement GIA.

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