Belgium’s polished diamond trade is on the upswing, registering double-digit increases in imports and exports. Belgium exported in March $1.12 billion worth of polished diamonds, rising 57.1 percent year-over-year. The increase in the value of trade reflects not only a revival in trade, but mainly rising prices.

In volume, exports rose 5 percent to 696,301 carats. The average value of exports stood at $1,608.61 per carat, a 49.7 percent increase compared to March 2009.

Imports of polished diamonds rose 58.6 percent to $1.14 billion, rising 8.3 percent in volume to 780,703 carats. The average value of imports stood at $1,459.64.

Net exports in March had a negative value, with Antwerp’s traders generating an overhang of 84,403 carts worth $19.47 million.

By net exports, Hong Kong was the leading destination with $126.73 million worth of goods. The UAE followed with $105.13 million.