Polished diamond imports to the United States in 2016 remained essentially unchanged, according to the latest government data.
In 2016, the import of diamonds in U.S. fell by 0.3% to $ 23.03 Bln.
Diamonds Import by weight decreased by 2.6% to 10.8 million carats, and the average price rose to 2.4%, up to $ 2126 per carat.
In this case, polished diamond imports from India increased by 17% to $ 8.62 billion, while the supply of such products from Hong Kong and China increased by 14% to $ 1.55 billion. This factor is compensated for a 15 percent reduction of import of diamonds from Israel, to $ 7.08 billion. thus Israel, who was a longtime leader in the diamond supply US, India conceded the first place on this indicator. Polished imports from Belgium decreased by 11% to $ 3.29 billion.
Diamond exports rose 2.9% to $ 18.85 billion, while net imports fell by 12% to $ 4.18 billion.
Rough imports rose to $ 860 million versus $ 305 million in the previous year. Diamond exports jumped to $ 607 million versus $ 193 million a year earlier. Net imports of diamonds in the US rose to $ 253 million versus $ 112 million a year earlier.
The balance of the diamond trade, reflecting the difference between net imports and exports fell by 9% in 2016 to $ 4.43 billion.
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Diamond trade in April slowed down due to the seasonal reduction in demand. Market enthusiasm weakened, as the positive trends of the first quarter have not been developed. The proposal has increased significantly due to active sales of rough and polished diamond production in the first quarter of this year.
Diamond RapNet index (RAPI) for 1-carat diamonds certified GIA, decreased by 0.3% in April. RAPI for stones weighing 0.30 carats decreased by 1.3%, and for diamond weighing 0.50 carats - and 0.3%. RAPI 3-carat diamond fell to 2.2%.
RAPI for 1-carat diamonds rose by 1.2% in the first four months of 2016, but it is still 4.6% lower than a year ago.
Rapaport The monthly report notes that diamantaires fear decline in consumer demand. Although a steady US market supported the diamond industry, the mood in the markets of the Far East and Europe were still restrained.
Inventory levels have grown diamonds during a replenishment - during the first three months of the year. Jewelers avoid unnecessary inventory build-up and instead make purchases took stones at the time of appointment, to check whether they are suitable to them that put additional pressure on the profitability of the lapidary enterprises.
Ballot buyers began to offer lower prices for the products after in April the market supply increased. Suppliers have kept prices for diamonds of higher quality (RapSpec A2 +) unchanged, but have shown more flexibility in terms of not so new supplies of lower quality stones. Demand for diamonds measuring 3 carats and larger decreased.
Profitability of diamond producers came under pressure due to the fact that diamond prices remained high during the less active diamond trade. Demand for diamonds was stable even after De Beers raised prices in April by an average of 2%, according to Rapaport estimates. De Beers and ALROSA have reduced their stocks accumulated during 2015 - their sales exceeded production volumes.
It is expected that demand for diamonds will drop from May, as diamond production levels have stabilized. Diamond trade should also slow down this month. In light of falling global demand traders switched their attention to the US in the run-up to fair in Las Vegas, which will begin on 31 May.
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