U.S. Net Rough Diamond Imports $4.59 Million in August

(October 11, '09, 10:07 Edahn Golan)

As equated to August 2008, rough d imports cut down 72.3% by worth as well as 81.1% by volume. On the other hand, in August 2008, rough diamond trade peaked along with prices were particularly high.

In August the U.S. imported $14.57 million value of rough diamonds weighing 25,227 carats, an average worth of $577.63 per carat. Exports of rough diamonds summed $9.98 million on shipments of 51,328 carats averaging $194.48 p/c.

Whole rough diamond trade was $24.55 million in August by way of net imports rank at just $4.59 million. As in the majority months, the U.S. exported additional rough than it imported, this time exporting a net of 26,101 carats.

As equated to August 2008, rough diamond imports cut down radically - 72.3 percent by worth and 81.1 percent by volume. On the other hand, in August 2008, rough diamond trade raised and prices were particularly elevated just prior to the global economic crisis in progress.

Botswana was the most important rough diamond supplier to the U.S., sending 2,596 carats with an affirmed worth of $4.97 million averaging $1,915.38 p/c. South Africa subsequent with 1,130 carats worth $4 million, a high standard of $3,564.46 p/c.
A single carat was imported from Israel. It was to be expected a very extraordinary diamond, carrying an $83,000 price tag.

Major U.S. export locations were Israel ($5.12 million, $2,128.65 p/c), the Netherlands ($2.15 million, $114.84 p/c) in addition to Namibia ($997,120, $1,749.33 p/c).