Antwerp Diamond Industry Records Value Gains in Q1, Rough Trade Rock Solid in March

Market Analysis
09/04/2018 16:35

The value of diamonds traded in Antwerp during the first quarter of 2018 (January - March) increased across the board compared to the same period a year ago, particularly in the rough diamond trade, aided by a surge in the volume and value of exported rough goods in March. According to figures published by the Antwerp World Diamond Centre, while the overall volume of goods traded during the three months remained more or less flat, the value of rough diamonds traded increased by nearly 7.5% to $6.64 billion from $6.18 billion, while the value of polished goods traded rose by 1.4% to $6.34 billion from $6.25 billion.

March rough diamond exports jumped 20% in volume and 30% in value to $1.48 billion from $1.14 billion in March last year. The average price per carat of rough diamond exports increased to $115/carat from $106/carat. A similar result was recorded for rough imports, as shipments to the diamond capital rose by 9% in volume and a little more than 10% in value compared to March 2017. For the first three months of the year, rough exports are up 8% in value at $3.5 billion, while the value of rough diamond imports has risen by 7% to $3.1 billion. 

Meanwhile, in the polished diamond trade, while the value of polished exports has increased a single percentage point to $3.2 billion for the first quarter, the value of polished exports In March was down 7% compared to the same month a year ago, on a 13% decline in the volume of goods traded. The value of polished diamond imports in March increased by a percentage point due to a rise in the average price per carat, as the volume of goods traded declined 10% in volume year-over-year. For the first three months of the year, polished imports have increased by 4% in volume so far this year, for a 2% increase in value, also to $3.2 billion.