Golden Globes Jewelry 2017—Cuffs and Chokers Galore

Israel’s Ministry of Economy and Industry

Israel’s Ministry of Economy and Industry has said that exports of polished diamonds during 2016 dropped by 6.4% to US$ 4.68 billion as compared to US$ 4.99 billion a year earlier, according to reports. Polished imports too were down by 5.7% to US$ 3.28 bn.

However, the rough trade showed some improvement over the previous year, the figures showed, with imports rising 16.7% to US$ 3.25 bn from US$ 2.78 billion in 2015.and rough exports up 23.1% to US$ 2.7 billion.

Exports to the US, Israel’s largest trading partner for polished were down 9% to US$ 1.83 bn, while trade with Hong Kong declined by 16% to US$ 1.24 bn.

Israel’s Diamond Controller Shmuel Mordechai has been reported as saying that the first indications of recovery after a slowdown in the early part of the year became evident in the last quarter.

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