Israel Rough Exports up 229 per cent, Buoyed by UAE Trade
August 10, 21
(IDEX Online) - Israel's diamond trade is bouncing back as global demand recovers, and business booms with UAE following last September's normalization agreement.
Rough exports were up 229 per cent year-on-year for January to July, to $1.05bn, according to Ministry of Economy and Industry figures.
In July almost 11 per cent of rough exports were to UAE, a market that was officially closed to Israel before the historic Abraham Accords.
Israel's polished diamond exports for January to July rose by 69 percent year-on-year, to $2.02bn.
Rough imports for the same period were up 158 per cent to $1.15bn and polished imports rose 145 per cent to $1.63bn.
Pic shows Israel Diamond Exchange, Ramat Gan