8% Drop in U.S. Polished Diamond ImportsApril 15, 12
(IDEX Online News) –
By volume, gross imports of 865,992 carats fell 18.2 percent compared to February 2011 and 18.7 percent compared to January.
While imports are declining, the average value is increasing, up 12.5 percent from last year to $1,726.92 per carat. Compared to January, the average value increased 21.3.
The monthly increase does not reflect changes in global prices as it reflects a change in consumer taste and possibly a greater focus on higher-end costumers.
Compared to January, the increase is even sharper, 35.0 percent and 71.4 percent respectively.
The Average value of exports is $1,123.72 p/c.
According to the figures, exports in February exceeded imports by nearly $92 million.