Belgium March Polished Diamond Imports Exceeds Exports
April 24, 08 by Edahn Golan
Belgium's net March polished diamond trade ended with an overhang of $57.65 million worth of goods. The center imported $1.12 billion worth of goods while exporting only $1.062 billion in polished diamonds.
Antwerp traders noted to IDEX Online that it is currently cheaper to buy certain goods in New York, which could explain why imports were greater then exports.
In terms of volume, Belgium exported 804,598 carats while importing 864,486 carats, leaving the center with a surplus of 59,888 carats.
The average value of imports in March was $1,295 per carat while the average value of exports was $1,320 per carat.
Exports of 92,693.51 carats to the U.S. were worth $261.38 million. No data on imports from the U.S. was provided by the Antwerp World Diamond Centre, which publishes Belgium's diamond trade data.
