U.S. rough imports up 391.5 percent in February-Industry News-Magazine-IRISPANCY FASHION ACCESSORIES & JEWELRY

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Magazine > Industry News > News Content

U.S. rough imports up 391.5 percent in February

4/18/2010 8:46:28 PM

New York -- Imports of rough diamonds by the United States have marked a very large year-over-year revival in February, with U.S. imports of rough diamonds reaching $29 million for the month. Net rough diamond imports totaled $12.58 million.

The total volume of gross imports stood at 48,239 carats averaging $601.76 per carat. These imports are a 391.5 percent increase in value, a 126.4 percent increase in volume and a 117.1 percent rise in average value.

Polished diamond exports rose 182.3 percent to $16.45 million. The volume of the month's exports weighed 83,746 carats, a 34.8 percent year-over-year increase. The average value, $196.42 per carat, represents a 109.5 percent leap.

Botswana was the leading rough diamond supplier to the United States, shipping $8.54 million worth of goods with an average value of $301.16 per carat.

Israel was the leading destination of rough diamond exports, some $7.71 million worth of rough with an average value of $504.45 per carat.

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