Is­rael’s Jan-sept 2013 Pol­ished Di­a­mond Ex­ports Up 9%

Solitaire - - Spectrum -

The Is­raeli di­a­mond in­dus­try saw im­pres­sive growth in al­most all trade pa­ram­e­ters dur­ing the first three quar­ters of 2013, ac­cord­ing to Is­rael min­istry of econ­omy’s di­a­mond con­troller Shmuel Mordechai, who pub­lished fig­ures for Is­rael’s di­a­mond im­ports and ex­ports from Jan­uary-Septem­ber 2013.

Is­rael’s net pol­ished di­a­mond ex­ports for the pe­riod rose 8.7% to $4.7 bil­lion, com­pared to $4.3 bil­lion for the same pe­riod last year. Is­rael’s net rough di­a­mond ex­ports to­talled $2.2 bil­lion, com­pared to $2.1 for the first three quar­ters of 2012, an in­crease of 8.5%.

Net rough di­a­mond im­ports rose 9.4% to $2.9 bil­lion, com­pared to $2.6 bil­lion in the first nine months of 2012. Net im­ports of pol­ished di­a­monds to­talled $3.06 bil­lion, com­pared to $3.09 bil­lion for the same pe­riod last year, de­creas­ing slightly by 1.1%.

The US con­tin­ued to be Is­rael’s ma­jor mar­ket for pol­ished di­a­monds, ac­count­ing for 35% of the mar­ket, with ex­ports of $1.6 bil­lion. Hong Kong was the next largest mar­ket with 28% of ex­ports or $1.3 bil­lion. Switzer­land ac­counted for 9.6% with ex­ports of $447 mil­lion and Bel­gium was the next largest mar­ket with 7.6% or $350 mil­lion. All of Is­rael’s other ex­port mar­kets com­bined stood at 19.8% of the to­tal with a value of $919 mil­lion.

Moti Ganz, chair­man of the Is­rael Di­a­mond In­sti­tute Group of Com­pa­nies (IDI) said that he was con­fi­dent that the Is­raeli di­a­mond in­dus­try would con­tinue to grow. “While the eco­nomic chal­lenges fac­ing the en­tire di­a­mond in­dus­try are still upon us, we are see­ing a re­bound in the US and many of our Euro­pean mar­kets. We are also cer­tain that Asian mar­kets will show re­newed growth in the near fu­ture. We look for­ward to con­tin­u­ing this pos­i­tive trend dur­ing the rest of 2013 and the fol­low­ing year,” Ganz said.

IDI man­ag­ing di­rec­tor Eli Avi­dar said, “The Is­raeli di­a­mond in­dus­try has been very proac­tive this year. The two in­ter­na­tional buy­ing events we held in Ra­mat Gan – the US & In­ter­na­tional Di­a­mond Weeks in March and in Au­gust – were ex­tremely suc­cess­ful and ex­ceeded all ex­pec­ta­tions. We are also hold­ing an ad­di­tional Is­rael Di­a­mond Week in New York to­gether with the Di­a­mond Deal­ers’ Club, which is over­sub­scribed. More­over, our in­dus­try’s par­tic­i­pa­tion in IDI na­tional pavil­ions in ma­jor trade shows has been over­whelm­ing. Ours is a very vi­tal and dy­namic in­dus­try, which is de­vel­op­ing and ex­pand­ing all the time. We are very pos­i­tive about Is­rael’s di­a­mond trade go­ing for­ward.”

The Is­rael Di­a­mond Ex­change trad­ing floor.

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