China Posts 14% Drop in Polished Diamond Imports in 2015

Finance and Trade
22/03/2016 09:53

With economic growth slowing and demand dropping, China recorded a 14% decline on the year in polished diamond imports to $6.69 billion last year. The country’s imports of polished goods decreased in the first nine months of 2015 from the year before, but showed a slight in the final quarter, according to data released by the China Customs Information Center, Rapaport reported. In volume terms, polished imports fell 17% to 7.6 million carats, leading to a 3.7% rise in the average price per carat to $883. In polished exports, there was a 21% plunge to $2.14 billion, creating a 10% fall in net polished imports to $4.55 billion. Meanwhile, rough imports slumped 45% to $764 million and rough exports similarly plunged 50% to $27 million.