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Diamonds.net Belgium's
Polished Exports +26% in August 2010
By
Avi Krawitz Posted:
09/12/10 found at diamonds.net
 RAPAPORT...
Belgium’s polished diamond exports rose 26 percent year on year to $353.8
million in August, according to the Antwerp World Diamond Council (AWDC). By
volume, polished exports increased 11 percent to 267,079.77 carats as their
average price grew 13 percent to $1,324.80 per carat.
Polished imports to Belgium jumped 31 percent year over year to $677.6 million
as net polished exports, representing the excess of exports over imports, fell
39 percent to a deficit of $323.7 million.
Belgium’s rough imports grew 52 percent to $781.8 million, while exports rose
38 percent to $555 million. Net rough imports, representing the excess of
imports over exports, doubled to $226.8 million.
Belgium’s August net diamond account, which reflects total exports of polished
and rough less total imports, fell 59 percent year on year to a deficit of $550.5
million, indicating that Belgium was a net importer during the month.
During the first eight months of the year, Belgium’s polished exports rose 29
percent to $6.82 billion, while by volume, they increased 3 percent to
4,712,688.46 carats. The average price of these exports grew 25 percent to
$1,447.30 per carat for the period.
Exports to the U.S., Belgium’s largest market for polished diamonds, gained by
38 percent to $2.02 billion, while exports to Hong Kong were up 33 percent to
$1.42 billion. Polished exports to Israel grew 42 percent to $721.5 million and
those to India increased by 49 percent to $478.4 million.
Polished imports for the year to date reflected a gain of 30 percent to $6.51
billion and net polished exports rose 17 percent to $308.3 million.
Rough imports jumped 68 percent to $6.36 billion, while rough exports increased
69 percent to $7.24 billion. Net rough imports dropped 78 percent to a deficit
of $877.4 million, indicating that Belgium was a net exporter of rough
from January to August 2010.
Belgium’s net diamond account rose 57 percent to $1.19 billion as the country
continued to be a net exporter of both rough and polished diamonds.
The AWDC publishes gross data only and does not account for returns.
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