U.S. polished diamond imports in June fell 3.6 percent year on year to $1.562 billion, while the average price dropped 4.4 percent to $1,661 per carat. The month of June historically records returns from the JCK Vegas show to major trading centers, and this year polished exports surged 12.6 percent to $2.555 billion, which was a record high.
the largest trading centers, Israel recorded the highest amount of
returns. U.S. polished diamond imports from Israel were $563.5 million
in June, but polished exports were $741.2 million. Polished imports from
India were $510.3 million, however, polished exports were $527.7
million. Polished imports from Belgium were $276.5 million and exports
were $378.5 million. Additionally, $562.8 million worth of polished
diamonds were exported to Hong Kong.
For the month of June the
U.S. recorded a polished import deficit of $993 million compared with a
deficit of $612 million one year ago.
Rough diamond imports
plunged 62.3 percent year on year to $20 million, while rough exports
fell 3.6 percent to $27 million, leaving an import deficit of $7 million
compared with a surplus of $26 million one year ago. The net diamond
account in June, reflecting the value of net imports of polished and
rough diamonds, widened to a deficit of $1 billion from a deficit of
$586 million in June 2012.
Polished diamond imports for the first
half of 2013 have risen 10.7 percent to $11.593 billion, while polished
exports have jumped 12.5 percent to $10.113 billion, leaving net imports
flat year on year at $1.48 billion. Rough imports contracted 16.9
percent to $212 million and exports have plunged 23.9 percent to $137
million, leaving net imports 2.6 percent lower at $74 million. The net
diamond account for the January through June period was nearly flat, or
down just 0.6 percent, to $1.554 billion.