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May 10, 2010

Diamond Imports Decline in US

Filed under: Shopping — Tags: , — Winson @ 3:14 AM

U.S. polished diamond imports at the time of April 2009 declined 47 percent to $794.2 million. Polished diamond exports descended to 46 percent to $589.8 million. Final polished imports, the magnitude to which imports topped exports, for the U.S. during April reduced to 52 percent to $204.4 million.

Rough imports dropped 64 percent to $20.6 million, and rough exports were reduced 40 percent to $12 million. Final rough imports dropped 76 percent to $8.6 million. The U.S. net diamond inventory, calculating total imports less than total exports, dropped 54 percent to $213 million in April.

The numbers also revealed identical declines, with polished imports declining by 51 percent to $3.2 billion, and polished exports reducing 44 percent to $2.6 billion. Net polished imports for the period from January through April in the U.S. were declining 68 percent to $575.8 million. Rough imports for that period dropped 77 percent to $60 million and rough exports were down 70 percent to $43.4 million. For net rough imports of $16.6 million, a decline of 86 percent was noticed from 2008. Till April 2009, the net diamond inventory dropped 69 percent to $592.4 million.

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