Sharp Rise in Israel’s Rough Diamond Exports
July 02, 07
Rough diamond activity in Israel was in high gear in June. Israel’s exports of rough diamonds skyrocketed, totaling $341 million, a 74.5 percent rise over the $195 million in rough diamonds in June 2006.
Rough diamond imports also surged, rising 23.9 percent to $488 million, compared to $394 million in imports in June 2006.
The rise no doubt partially reflects the escalating prices of rough; however prices did not increase at such a rate during the month.
Imports in the first half of 2007 rose by a more modest rate of 5.4 percent.