Skip to Content
Home  Blog  US Polished Imports Continue Growth

US Polished Imports Continue Growth

  • Blog-images/72322673168_152.png
JOSHUA FREEDMAN • 23-11-2022

US polished-diamond imports rose for the 19th consecutive month, increasing 18% year on year to $1.68 billion in September, according to recent data from the country’s Department of Commerce. The growth was stronger than August’s 1% gain.

US Trade Data for September 2022

 September 2022Year-on-year change
Polished imports$1.68B18%
Polished exports$1.36B24%
Net polished imports$319M-3%
Rough imports$32M-64%
Rough exports$39M294%
Net rough imports-$6M2021: Surplus of $80M
Net diamond account$313M-24%
Polished imports: volume804,880 carats-7%
Average price of polished imports$2,092/carat27%
 January-September 2022Year-on-year change
Polished imports$18.17B28%
Polished exports$13.72B32%
Net polished imports$4.45B16%
Rough imports$222M-43%
Rough exports$252M-8%
Net rough imports-$31M2021: Surplus of $112M
Net diamond account$4.42B12%
Polished imports: volume8.1 million carats-5%
Average price of polished imports$2,257/carat35%

Source: US Commerce Department data; Rapaport archives.

About the data: The US, the world’s largest diamond retail market, is a net importer of polished. As such, net polished imports — representing polished imports minus polished exports — will usually be a positive number. Net rough imports — calculated as rough imports minus rough exports — will also generally be in surplus. The nation has no operational diamond mines but has a manufacturing sector, so it normally ships more rough in than out. The net diamond account is total rough and polished imports minus total exports. It is the US’s diamond trade balance, and shows the added value the nation creates by importing — and ultimately consuming — diamonds.

Image: The New York diamond district. (Shutterstock)

Latest posts

Leave a comment

6/1469, "Jaykar House", Kansara Sheri, Mahidharpura, Surat - 395003, Gujarat, India.
+91 9825132931, 0261 2400200-2400300
+91 98250 22931
Jaykar House is a Centre for excellence in job work industry which is situated and established their business in the best suitable location in surat city, Surat city is a place where out of 10 diamonds around the world, 9 diamonds are processed from rough to polished over here.