Pandemic: US Polished Imports at All Time Low

24/06/2020 07:55

Rapaports trade analyis of the import and export figures of polished diamonds in April in the world's largest consumer market for diamonds demonstrate the massive effect of the COVID-19 pandemic and civil unrest. According to the report, polished imports dropped to the lowest level, with net polished imports (polished imports - polished exports) sinking to -807 million US$, where in the same period (January to April) last year, the net imports stood at a surplus of 474 million US$. In total, as an indicator of the consumption of diamonds, Rapaport's analysis continues, the net diamond account stood at -830 million US$, compared to a surplus of 477 million$ in  2019.