May 09, 2018

Antwerp Rough Diamond Trade Rises in April, But Polished Exports Dip

While rough trade in Antwerp continued the strong performance seen in earlier months rising by 16.65% in April, polished exports dipped by 6.57% in value terms during the month, according to figures released by the Antwerp World Diamond Centre (AWDC) this week.

In April 2018, the Antwerp centre exported over 10.5 million carats of rough at a value of US$ 1.05 billion, a year-on-year rise of 11.29% in terms of volume, and of 16.65% in value terms. Rough imports too rose 56.36% in volume terms and 43.15% in value terms – with 8.79 mn carats of rough being imported at US$ 993 million – as compared to a year earlier.

During April 2018, the Antwerp centre exported 389,218 cts of polished at a value of US$ 728 mn, a rise of 3.37% in volume terms, but a decline of 6.57% in value terms year-on-year. During this period, the centre imported 520,352 cts of polished at a value of US$ 862 mn, registering a spike of 29.46% in volume terms but a dip of 2.59% in value terms as compared to April 2017.

During the first four months of 2018, rough exports totalled 43.90 mn cts at US$ 4.57 bn, showing an increase of 2.96% in volume terms and of 9.83% in value terms, while rough imports of 34.82 mn cts at US$ 4.12 bn were up by 7.74% y-o-y in volume terms and 13.90% in value terms.

Polished exports during Jan-April 2018 stood at 1.67 mn cts at US$ 3.91 bn, dipping marginally by 0.90% in volume and 0.62% in value, while polished imports of 2.16 mn cts  at US$ 4.03 bn, were up 9.12% in volume and 1.11% in value terms y-o-y.