US Polished Diamond Imports Drop to Four-Year Low in July

Finance and Trade
05/09/2016 10:55

US polished diamond imports dropped by a full 20 percent in July to their lowest level for the month since 2012, according to Rapaport News. Imports plummeted to $1.76 billion, according to the latest government figures, and were down 13 percent in volume terms to 803,712 carats. The average price per carat slipped 8 percent to $2,185. Meanwhile, polished exports edged down 1.5 percent to $1.38 billion. In January-July, polished imports slipped 3 percent to close to $14 billion, while polished exports decreased by 2 percent to almost $11.4 billion

As for rough, imports soared 79 percent to $59 million, while rough exports jumped nearly threefold to $24 million from $9 million in July 2016.