Israel: Net Diamond Exports Surge in H1 2021
Figures released by the Ministry of Economy and Industry show that in the first half of 2021, Israel’s net polished diamond exports went up 71% year-on-year to $2.37 billion, IDEX Online reports. During the same period, imports increased 136% to $1.88 billion.
Net imports of rough diamonds increased 165% to $1.39 billion, while rough exports exploded by 177% to total $1.16 billion. Rough exports to the United Arab Emirates totaled about $11.5 million – almost 10% of its total rough exports.
Ofir Gur, director of Israel’s Diamond, Gems and Jewelry Administration, said of the figures: “There are good reasons to believe that the trend will continue at least until the end of the year.”