Antwerp’s Q1 Rough Exports up 40 per cent

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Antwerp's Q1 Rough Exports up 40 per cent

Antwerp’s first-quarter exports of rough were up by almost 40 per cent by value as markets continued their recovery from the depths of the Covid pandemic.

Total sales were almost $2.6bn – up just over 14 per cent by weight to 25.8m carats – according to new figures from the Antwerp World Diamond Centre (AWDC).

The combined value of traded rough diamonds – imports plus exports – for the quarter was almost $5bn, or 50m carats.

That’s all the more impressive given that the first two months of Q1 2020 were relatively strong after a tough 2019, and largely unaffected by Covid restrictions.

Polished stones saw a more modest increase among exports, up 6.6 per cent to $1.8bn. And imports fell marginally by 1.5 per cent, also to $1.8bn.

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

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