An­twerp Di­a­mond Trade Sees Slight Uptick In H1

Solitaire - - SPECTRUM -

From Jan­uary to June this year, 111.1 mil­lion carats of rough and pol­ished di­a­monds were traded on the An­twerp di­a­mond mar­ket, as com­pared to 102.8 mil­lion carats in the first half of 2015. The trade fig­ures for pol­ished di­a­monds re­mained sta­ble but were lower than last year. The rough trade in­creased as com­pared to 2015. Dur­ing the first six months this year, a to­tal of 6.2 mil­lion carats of pol­ished di­a­monds, val­ued at more than $13 bil­lion, were traded in An­twerp. The rough trade from Jan­uary to June was good, with 104.9 mil­lion carats worth $13.2 bil­lion traded.

“When we look at the rough di­a­mond trade fig­ures, we no­tice vary­ing re­sults for the first six months of the year. Im­ports as well as ex­ports fluc­tu­ated from month to month,” the AWDC stated.

“On the im­port side, for in­stance, we see a de­cline in Jan­uary, fol­lowed by three to four months in which the fig­ures rose, only to fall again in June. In gen­eral we note the amount of im­ported rough di­a­monds rose 5.61% in com­par­i­son to last year, re­sult­ing in a 2.44% in­crease in value,” it added.

Rough di­a­mond ex­ports also got off to a slow start in Jan­uary, only to peak in Fe­bru­ary. Ex­ports de­clined grad­u­ally in the months that fol­lowed, though their value con­tin­ued to fluc­tu­ate above the bil­lion-dol­lar mark un­til June, when the value of ex­ported rough di­a­monds sank un­der a bil­lion dol­lars for the first time since Jan­uary. Com­pared to the first six months of last year, the vol­ume of rough di­a­mond ex­ports in­creased 12.90%, with their value in­creas­ing 4.80%.

The pol­ished di­a­mond trade fig­ures fol­lowed ap­prox­i­mately the same pat­tern as that of rough di­a­monds. Stronger months, such as Fe­bru­ary for ex­ports and March for im­ports, were al­ter­nated with less favourable months. Dur­ing the first half of the year, 10.83% fewer pol­ished di­a­monds were im­ported than last year, lead­ing to a 9.49% de­cline in value. On the ex­port side, there was an 8.78% de­cline in carats traded and an 8.41% de­cline in value.

“While the rough di­a­mond mar­ket ap­pears to be mak­ing a cau­tious re­cov­ery as com­pared to last year, the pol­ished di­a­mond trade con­tin­ues to find it tough go­ing. The sig­nif­i­cant monthly fluc­tu­a­tions demon­strate that it is too early to draw far-reach­ing con­clu­sions,” AWDC noted.

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