Exports fell by 5.6% to $ 1.8 billion (1.86 billion Swiss francs) in the past month, which is the second lowest fall of the year and an improvement compared with a decline of 16% October. November 2016 added one more working day than the same month last year, which limited the decline in the explained in the Federation of the Swiss Watch Industry (Federation of the Swiss Watch Industry) .
Orders from Hong Kong decreased by 0.7% to $ 241.8 million (248.8 million Swiss francs), which is a much better indicator than in previous months. Exports to China rose by 8% in November.
Global exports of hours of precious metals fell by 15%, while deliveries of steel hours rose 5%, while gold and steel watches exported frequently by 3.7%.
Export hours price less than $ 194 (200 CHF) rose by 3% in terms of value. Watches category from $ 194 to $ 486 (500 Swiss francs) were delivered abroad less by 8.5%, while exports of hours in the range of $ 486 to $ 2,916 (3,000 Swiss francs) grew by 2.6%. Orders hours costing $ 2916 or more decreased by 7%.
Total exports of Swiss watches dropped by 10% in the first 11 months of this year, with exports to Hong Kong dropped by 26%.
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In 2015, production of diamonds in Canada was 11.6 million carats, while the value of the stones - 2.1 billion Canadian dollars, decreased in comparison with those of 2014, according to Natural Resources Canada.
In 2014, production of diamonds in the country amounted to 12 million carats worth 2.2 billion Canadian dollars. By volume decline in these indicators was 3.4%, but at a cost in 2015 - 4.6%.
Five major mineral commodities in Canada in terms of value - a gold, potash, copper, nickel and coal. The mining industry still faces challenges, including slowing global economy and oversupply on the most minerals markets. These factors were partially offset by favorable exchange rates, explains the Government of Canada.
The lower the value of the Canadian dollar against the US dollar, the more favorable is the mineral exports for Canadian producers, since most commodities are valued in US currency.
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