U.S. Polished Diamond Imports Up 3% in April

U.S. Polished Diamond Imports Up 3% in April

American imports of polished diamonds showed a healthy increase in April.

American imports of polished diamonds jumped almost 3.0 percent on the year to $1.85 billion in April, while imports by volume were very slightly higher – up 0.6 percent to 793,939 carats with the average price per carat climbing 2.3 percent to $2,324.

Exports of polished goods soared nearly 10 percent to $1.33 billion, Rapaport reported.

Polished diamond imports declined 1.5 percent to $7.4 billion and polished exports slipped 1.2 percent to $6.03 billion, resulting in net imports falling 2.7 percent to $1.37 billion for the January-April period.

Meanwhile, rough diamond imports in April more than trebled to $74 million from $22 million a year ago, and rough exports more than quadrupled to $80 million from $18 million a year before.

In the January-April period, polished imports slipped 1.5 percent to $7.4 billion, while polished exports slipped 1.2 percent to $6.03 billion, resulting in net imports falling 2.7 percent to $1.37 billion.