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The Antwerp World Diamond Center reported that while Belgium exported about 653,000 carats of polished diamonds in March, a drop in 33% from 2011, those diamonds fetched an average of $2113 per carat, 57% more than the March 2011 average price per carat. As a result, the Belgian diamond industry netted a total of $1.38 billion in March 2012, 6% more than it earned in March 2011.
The report stated that in the first quarter of 2012, Belgium's polished diamond exports to Switzerland grew by 38% to $498 million, while exports to Hong Kong fell by 5% to $747 million. During the same period, Belgium's polished exports to the United States increased by 6% to $918 million, Rough and Polished reported.