Wednesday, June 14, 2017
Israel's polished diamond exports fell by 2.5%, to $ 3.84 billion in the first nine months of this year, according to the Ministry of Economy and Industry of the country.
In physical terms, polished diamond exports fell by 16% to 1.5 million carats as the average price jumped 17% to $ 2629 per carat.
Shipments to the US fell 0.3% to $ 1.47 billion. Export of diamonds in Hong Kong fell by 9% to $ 1.03 billion, while exports to Belgium fell by 17%, to $ 288.4 million.
At the same time, imports of polished diamonds in Israel fell 7% to $ 2.37 billion during the reporting period. Net export diamonds representing minus export import increased by 6% to $ 1.46 Bln.
Rough imports increased by 11% to $ 2.36 billion, while diamond exports jumped by 16% to $ 2 Bln. Consequently, pure rough imports, representing imports less exports, fell 11% to $ 356.2 million.
The balance of the diamond trade, reflecting the difference between net imports and exports, jumped by 13% to $ 1.11 billion for the first nine months of this year.
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De Beers announced on 25 April that the diamonds with certificates of laboratory International Institute of diamond classification and study (International Institute of Diamond Grading and Research , IIDGR) will now be offered in RapNet - Rapaport trading network.
"I would encourage all customers our laboratory upload information about their stocks of diamonds with certificates IIDGR RapNet on site," - said the president of the Institute of Jonathan Kendall (Jonathan Kendall). Because of this their reserves will be open to the observed strong demand from retailers, he said.
The De Beers noted that IIDGR becomes one of the few laboratories evaluating diamonds, which reports will be posted on the website RapNet. IIDGR launched its industry-wide certification program diamonds this year, as previously his activities were limited only to the assessment of diamonds owned by De Beers Forevermark brand.
In a recent interview with Rapaport News Kendall emphasized that used by the company in the technology assessment process can improve the accuracy and reliability of reports.
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