Antwerp's Q1 Rough Exports up 40 per cent
April 14, 21
(IDEX Online) - Antwerp's first-quarter exports of rough were up by almost 40 per cent by value as markets continued their recovery from the depths of the Covid pandemic.
Total sales were almost $2.6bn - up just over 14 per cent by weight to 25.8m carats - according to new figures from the Antwerp World Diamond Centre (AWDC).
The combined value of traded rough diamonds - imports plus exports - for the quarter was almost $5bn, or 50m carats.
That's all the more impressive given that the first two months of Q1 2020 were relatively strong after a tough 2019, and largely unaffected by Covid restrictions.
Polished stones saw a more modest increase among exports, up 6.6 per cent to $1.8bn. And imports fell marginally by 1.5 per cent, also to $1.8bn.