Japan's Taste for Value over Volume Strengthens in June
August 28, 11(IDEX Online News) – As Japanese consumers increase their purchases of high-ticket items, the country's imports of diamonds also reflect a less for more trend. Polished diamond imports in June increased 18.1 percent in value while retreating 37.4 percent by volume compared to June 2010.
The average value of imports soared 88.6 percent to $533.53 p/c, the highest monthly average in more than 4 years.
In July, retail sales of jewelry at
In the first half of 2011, imports increased by 20.4 percent to $402.6 million. The average value of imports increased in the first half of the year by 29.7 percent to $370.03 p/c.
Source: Momozawa & Co., Inc. |