Apr 11, 2018

Antwerp Rough Diamond Trade Up Strongly in March, Polished Trade Still Slow

After a sluggish February, the rough diamond trade in Antwerp rebounded strongly in March, with exports rising by 29.63% and imports up by 10.27% over the same period a year ago, according to figures released by the Antwerp World Diamond Centre (AWDC) this week.

Meanwhile, polished trade remained sluggish during the month, with exports lower by 6.61% and imports flat, inching up by just 0.90%.

In actual terms, during March 2018, the Antwerp centre exported over 12.9 million carats of rough at a value of US$ 1.48 billion, a year-on-year rise of 19.80% in terms of volume, and of 29.63% in value terms. Rough imports too rose 8.68% in volume terms and 10.27% in value terms – with 10.23 mn carats of rough being imported at US$ 1.17 billion – as compared to a year earlier.

During March 2018, the Antwerp centre exported 423,764 cts of polished at a value of US$ 1.09 bn, a drop of 12.70% in volume terms, and of 6.61% in value terms year-on-year. During this period, the centre imported 641,585 cts of polished at a value of US$ 1.49 bn, registering a decline of 10.19% in volume terms and a marginal 0.90% rise in value terms as compared to March 2017.

During the first quarter of 2018, rough exports totalled 33.39 mn cts at US$ 3.52 bn, showing an increase of 0.59% in volume terms and of 7.95% in value terms, while rough imports of 26.03 mn cts at US$ 3.12 bn were down 2.51% y-o-y in volume terms but showed a rise of 6.94% in value terms.

Polished exports during Q1 2018 stood at 1.3 mn cts at US$ 3.18 bn, dipping 2.13% in volume and 0.86% in value, and polished imports of 1.64 mn cts  at US$ 3.16 bn, were also up 3.95% in volume and 2.16% in value terms y-o-y.