Antwerp’s Diamond Exports Pick Up in October

Antwerp’s Diamond Exports Pick Up in October

Diamond exports from Antwerp showed a significant increase in value terms during the month of October, though rough imports registered a significant decline, according to figures released by the Antwerp World Diamond Centre (AWDC).

In October 2018, the centre exported over 7.58 million carats of rough at a value of US$ 953.49 million, a rise of 7.39% in terms of volume, and 7.22% in value terms. Rough imports however declined sharply – by 33.14% in volume terms, and 15.96% in value terms – as 6.20 mn carats of rough were imported at US$ 760 million – as compared to a year earlier.

During October 2018, the Antwerp centre exported 405,319 cts of polished at a value of US$ 953.5 million, a negligible dip of 0.19% in volume terms, but a significant 16.56% rise in value terms year-on-year. During the month, the centre imported 498,061 cts of polished at a value of US$ 922.16 mn, registering a 4.17% rise in volume terms and a much larger 17.12% dip in value terms as compared to October 2017.

During the first ten months of 2018, rough exports totalled 98.22 mn cts at US$ 10.51 bn, which represents a small drop of 2.95% in volume terms and a roughly similar rise of 3.67% in value terms, while rough imports of 74.65 mn cts at US$ 9.04 bn were similarly down by 6.63% in volume terms y-o-y, but up by a marginal 0.71% in value terms.

Polished exports during Jan-Oct 2018 stood at 4.03 mn cts at US$ 9.83 bn, with a small 2.57% dip in volume terms, but a 3.44% increase in value terms, while polished imports of 4.998 mn cts at US$ 9.95 bn, were up 3.25% in volume terms and 5.63% in value terms y-o-y.

News Source:

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.