Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

Dubai's Diamond Trade $25.3 Bln in H1 2011

November 13, 11 by IDEX Online Staff Reporter

(IDEX Online News) – Trade of diamonds through Dubai keeps growing, rising by more than 55 percent in the first half of 2011, according to local authorities.

 

Polished diamond exports by Dubai was 46.8 million carats worth $9.7 billion in the period, up 40 percent by volume and 44.8 percent by value compared to the first half of 2010, the Dubai Diamond Exchange reported, based on data provided by the Dubai Customs Strategy & Corporate Excellence Department Statistics Section.

 

Net imports rose 17 percent to 51.3 million carats worth $9.7 billion.

 

The DDE did not provide a breakdown of rough diamond imports and exports, only stating that the volume of trade nearly doubled to 108 million carats, exceeding 2010′s full year trade of 105.1 million carats.

 

The total value of Dubai's diamond trade in the first half of 2011 totaled $25.3 billion, up 55.4 percent year-over-year. The volume of diamond trade was 206.1 million carats, a 57 percent increase.

 

Dubai’s diamond trade was mainly driven by India, Belgium, Hong Kong and Switzerland. Dubai is also witnessing continued growth in volumes traded from newer markets such as Angola and the Democratic Republic of Congo.

 

The data used to calculate these numbers are provided by the Dubai Customs Strategy & Corporate Excellence Department Statistics Section for import and export data.

Diamond Index
Related Articles

India Blocking Dubai Shipment, Won’t Accept Good's KP Certificates

August 06, 11 by Vinod Kuriyan, Mumbai

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter