Israel Jewelry Exports up 14.6% in January-October
November 18, 04Israel’s jewelry exports in January-October amounted to $306 million – a rise of 14.6 percent on the same period a year earlier, according to figures released the Jewelry Division at the Ministry of Industry Trade and Labor.
Sigal Shidlovsky, Director of the Division, says that based on data collected form the Customs Authority, most of the exports (51 percent) were gold jewelry, while 38 percent was gold jewelry with diamonds and precious gemstones set in it. Meanwhile, seven percent was costume jewelry and four percent was silver jewelry.
Of the gold jewelry, 76 percent went to the U.S., which also accounted for 56 percent of the silver jewelry, 53 percent of the gold jewelry with diamonds and precious gemstones set in it and 52 percent of the costume jewelry.
Meanwhile, diamond-studded jewelry exports in the first 10 months of the year amounted to $96.7 million.
Of these exports, 53 percent went to the U.S., 17 percent to the U.K. and 7.5 percent to Switzerland.