Antwerp’s Slow Recovery Continues

Finance and Trade
03/07/2020 10:07

After trade in both rough and polished diamonds came to a near standstill on a global level due to the COVID-19 pandemic in the past three to four months, Antwerp figures for June indicate cautious signs of recovery on the Antwerp market.

Rough

In the first half of the year, Antwerp imports of rough diamonds fell 20% in volume, to 32 million carats, valued 2.75 billion US$, compared to nearly 40 million carats, valued at 4.36 billion US$, in the first six months of 2019, or otherwise put, a 37% decrease in value in 2020. Rough exports, which continue to be affected by the import ban of rough into India, were down nearly 50% in volume, to 26.6 million carats and 55% in terms of value, to 2.25 billion US$.

Polished

Polished imports for the first six months amounted to 1.5 million carats, down 47%, for a total value of 2.5 billion US$, down nearly 60% year-on-year. Similarly, polished exports were down 46% in volume – to 1.2 million carats, and 58% in value, to nearly 2.5 billion US$ compared to the same period last year.