Oct 07, 2016

Antwerp’s Rough Diamond Exports Surge, Polished Exports Sluggish in September

Rough diamond exports from Antwerp rose by a massive 60.92% during the month of September 2016, while polished diamond exports dropped by 10.92% during the month as compared to a year earlier, according to figures released by the Antwerp World Diamond Centre (AWDC).

During the month, Antwerp exported nearly 10.8 million carats of rough at a value of US$ 1.42 billion, a 26.04% rise in terms of volumes, and a massive 60.92% leap in value terms. The centre also imported 10.2 mn carats of rough at US$ 1.21 billion, an increase of 45.61% and 39.07% in volume and value respectively.

After a rise in August, the polished trade turned negative in September as compared to a year ago. During the month, 525,871 cts were exported at a value of US$ 1.24 bn, a drop of 9.11% in volume terms and 10.92% in value terms year-on-year. During this period, the centre imported 612,291 cts of polished at a value of US$ 1.28 bn, with the volume showing a marginal 0.24% increase, but value declining by 4.79% as compared to September 2015.

For the year-to-date, rough exports totalled 80.75 mn carats at a value of US$ 9.82 bn, up 14.73% and 12.43% in volume and value terms respectively as compared to last year. Polished exports remained sluggish at 4.17 mn cts with a value of US$ 9.33 bn, declining by 9.64% and 8.68% year-on-year.