Rapaport reported that in November, US polished diamond imports fell 15 percent year-on-year, hitting $1.62 billion. That’s the second-biggest fall in 2015.
As quoted in the market news:
Diamond imports by weight declined 14 percent to 735,561 carats and the average price dipped 0.6 percent to $2,205 per carat. Polished diamond exports, meanwhile, fell 16 percent to $1.37 billion, driving net imports down 9.3 percent to $253 million.
The largest monthly drop in polished imports out of the 2015 data available to date was in September, when imports fell 23 percent.
Rough diamond imports soared 37 percent to $31.8 million, while rough exports more than doubled to $18 million, leaving net rough imports down 9.4 percent to $13.8 million. The net diamond account, reflecting the difference between net imports and exports, decreased 9.3 percent to $266.8 million.
Get Our Expert Guide to Diamond Investing FREE!
Download this FREE Special Report, Investing in Stornoway Diamonds or Other Canadian Diamond Mines – Beyond the Diamond Price Calculator.
The post US Polished Diamond Imports Down 15 Percent in November appeared first on Investing News Network.