Polished exports fell by 6.4% to $ 4.68 billion during the previous year, according to the Ministry of Economy and Industry of Israel. Exports to the US, which is the largest trading partner, fell by 9% to $ 2 billion, while shipments to Hong Kong fell 8% to $ 1.35 billion. Orders from Belgium fell 16% to $ 349 million.
Polished imports dropped 6% to $ 3.28 billion. Net polished exports, representing exports less imports, fell by 8% to $ 1.39 billion.
while the downward trend and a slowdown in trading activity continued throughout most of 2016, the first signs of recovery appeared near the end of the year, he said Israel diamond controller Shmuel Mordechai (Shmuel Morde chai).
Agreement in the industry with the Israeli tax authority in December helped to improve sentiment, he added.
The balance of the diamond trade, reflecting the difference between net imports and exports, decreased by 8% to $ 849 million over the past year.
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Kimberley Diamonds announced the beginning of production of diamonds in the mine Lera (Lerala) in Botvane. It is the culmination of a nine-month project to upgrade and re-commissioning of the processing plant, which began in August last year.
The first sale of diamonds from the mine is expected to begin in June 2016, a company statement said.
Kimberley has signed an exclusive contract with the mine company Consulmet modification processing facility Lera to nominal processing volumes rocks could reach 200 tons per hour.
"In spite of the delays caused by the need to explore the potential alluvial residues in waste piles, now at the facility began processing ore full capacity it will reach in the next few weeks." - say in the company.
"During this phase of processing capacity breed we will try to optimize its effectiveness and volumes of extraction of diamonds", - concluded the Kimberley.
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