Dubai Rough Diamond Trade Rises to $4.827 Billion
February 04, 08 by Edahn Golan
Dubai imported 43.6 million carats of rough diamonds valued at $2.002 billion in 2007, rising 3 percent in volume and 28 percent in value over 2006. In terms of exports, Dubai shipped out 40.2 million carats valued at $2.825 billion, declining 5 percent in volume while rising 19 percent in value.
The average value of imports in 2007 was $45.91 per carat, while the average value of exports stood at $70.28 p/c, or 53.08 percent higher than the previous year.
Dubai's leading trade partner was the European Community, with $553 million worth of rough in imports and $1,429 million worth of exports (the full figures are here).
Interestingly, while the value of exports to the EC was 158 percent higher than imports from it, the volume was 11.49 percent lower. This translates into imports from the EC averaging $35.31 p/c and exports back to the EC averaging $103.07 p/c.
