Polished imports by weight decreased by 6%, to 1 million carats as the average price increased by 3%, to $ 2071 per carat. Polished exports fell by 2% to $ 1.3 billion, while net imports fell by 5% to $ 794 million.
Rough imports increased more than threefold to $ 51 million, while rough exports grew almost fivefold, to $ 118 million, resulting in a negative net rough imports totaled $ 67 million compared to $ 7 million a year ago. The balance of the diamond trade, reflecting the difference between net imports and exports fell by 12% - to $ 727 million.
In the first 10 months of the year, polished diamond imports in the US decreased by 0.2% to $ 19.89 billion, while polished exports rose by 2 %, to $ 15.78 billion, resulting in net imports fell by 1%, to $ 4.11 billion.
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As representatives of Tanzanite Experience, a ban on the export of unprocessed tanzanite weighing more than 5 carats, helped her to increase revenue.
Responsible Head of Sales Teresa Kalaghe (Theresa Kalaghe) said in an interview to Rough & Polished in the recently concluded jewelery fair in Arusha, Tanzania, that although the company benefited from the ban, the government will still need to develop diamond cutting sector to counter the smuggling of precious stones in the country .
"When exporting unprocessed tanzanite difficult to earn a lot, but after cutting the beauty and value of the stones increases with revenue," - she adds.
"Governments should support the ban on the export of tanzanite and create more jobs for cutters in Tanzania, as if only to ban the export of rough stones without adequate markets and cut volumes, smuggling will increase," - continues Kalaghe.
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