Loose polished diamonds

US POLISHED DIAMOND IMPORTS FALL 2.7% IN JUNE

According to data recently released government figures and quoted by Rough & Polished, polished diamond imports to the US fell 2.7% year-on-year to $1.67 billion. By volume, shipments slid 8% to 728,000 carats. Average price per carat rose 6% to $2,294. Polished exports increased 4.5% to $2.71 billion.

 

During June, rough imports totaled $102 million, versus $23 million a year ago, while rough exports jumped 55% to $78 million. Net rough imports totaled $24 million, compared with negative $27 million a year earlier.

 

The US net diamond account for June — representing total rough and polished imports minus total exports — came to negative $1.02 billion, versus negative $903 million a year earlier.

 

In the six months to June, polished imports dropped 7% to $11.32 billion. Polished exports slipped 2.6% to $9.73 billion. Net polished imports slumped 28% to $1.59 billion. Rough imports grew 35% to $471 million, with rough exports up 53% to $355 million, leaving net rough imports 1.2% lower at $116 million. The US net diamond account for the first half of the year fell 27% to $1.7 billion.

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