Loading...
Skip to Content
Home  Blog  Israels Diamond Trade Continues Recovery

Israels Diamond Trade Continues Recovery

  • Blog-images/62072876927_53.jpg
Rapaport News • 12-07-2021

Israels polished-diamond exports jumped in June, albeit at a gentler rate than in previous months, as the countrys trade benefited from a rebound in global demand.

Israels polished-diamond exports jumped in June, albeit at a gentler rate than in previous months, as the countrys trade benefited from a rebound in global demand.

Shipments after returns rose 75% year on year to $289.7 million for the month, the Ministry of Economy and Industry said Monday. Export volume increased 66% to 125,119 carats, while the average price advanced 6% to $2,315 per carat.

Trading figures have bounced back from last years pandemic-induced slump as retail sales improve in the US and China. Israels polished exports soared by three-figure percentages in April and May, reflecting comparisons with the 2020 downturn.

Since Israel is an important part of the global diamond and jewelry industries, which are experiencing a strong recovery, as long as this trend will continue globally, I believe Israel will continue to enjoy it, said Ophir Gore, the nations diamond controller.

Polished imports soared to $253.3 million versus $93 million a year earlier. Rough imports almost quadrupled to $247.3 million from $64.5 million in June 2020, while rough exports reached $244.8 million, up from just $23.9 million a year before. The addition of the United Arab Emirates (UAE) as a trade partner following last years peace agreement boosted rough shipments, Gore pointed out.

For the first half of 2021, Israels polished exports grew 69% year on year to $1.71 billion, while rough imports leaped 165% to just over $1 billion.

Image: The Israel Diamond Exchange. (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
inquiry@jaykar.co.in
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.