U.S. Net Polished Imports Declines 9% in 2011February 12, 12
(IDEX Online News) – Net polished diamond imports by the
Gross polished diamond imports in 2011 totaled $21.69 billion, a 20.1 percent year-over-year increase, according to U.S. Department of Commerce figures.
The volume of gross imports decreased 1.1 percent to 13.3 million carats, resulting in a 29.6 percent increase in the average value of imports, which stood at $1,627.55 per carat in 2011.
Exports of polished diamonds continued to increase in 2011, leaping 29.2 percent to $17.78 billion, $4 billion more than was exported in 2010.
By volume, exports have however declined, falling 34 percent to 15 million carats.
Once again, exports by volume have exceeded imports, though in 2011 the trend was less extreme. The
Source: US Dept. of Commerce