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Israel's Rough Diamond Exports Sagging

June 13, 12 by Edahn Golan
 

(IDEX Online News) – Israel's net rough diamond exports totaled $294.7 million in May. The country's rough diamond trade increased in May compared to April, however over all, it has been shrinking in 2012.

 

Year-over-year, May's rough diamond exports declined 31 percent, based on figures released by the Central Bureau of Statistics.

 

However, these exports are a 68.4 percent increase compared to April of this year.

 

Israel, previously a thriving diamond manufacturing center, today serves mainly as a commercial and sorting center that ships goods to polishing facilities in Asia.

 

In the first five months of 2012, Israel exported $1.24 billion worth of rough diamonds, a 32.7 percent decline compared to the January-May period of 2011.

 


Source: Central Bureau of Statistics

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