Antwerp diamond trade in raw materials showed an increase of exports and imports of diamonds in the first half of 2016, although the diamond trade continues to show weakness. This is evidenced by recent data issued by the Antwerp World Diamond Center (AWDC), reported by IDEX Online.
Import diamonds in June showed a downward trend, decreasing by 11.31% in value and 20.51% by volume. In the period from January to June, diamond imports rose by 2.44%, to 48.52 million carats.
In June, Antwerp exported 7.395 million carats of rough diamonds - at 20.39% compared to 9.289 million carats in June 2015. From January to June this year was exported 56.39 million carats of rough diamonds - by 12.9% more than in the same period a year earlier. Export of diamonds by value in June also rose by 4.8% compared to the same period in 2015.
June data on diamond trade in Antwerp showed a downward trend. At a cost of polished diamond exports fell by 17.36% to $ 1.145 billion, compared with $ 1.386 billion in June 2015.
In the period from January to June's polished diamond exports declined by 8.78% in volume to 2.939 million carats, compared to 3.222 million carats during the same period in 2015. In value terms, exports during the same period fell to $ 6.682 billion compared to $ 7.296 billion in the period from January to June 2015 - at 8.41%.
Polished imports in June decreased by 7.93% in volume, up to 502 314 carats. In value terms, imports declined to $ 1.224 billion compared to $ 1.399 billion dollars in June 2015.
In the period from January to June, imports of diamonds by value fell by 9.49% to $ 6.457 billion compared to $ 7.134 billion for the same period a year earlier. By volume in January-June import reduced by 10.83% to 3.3 million carats compared to 3.6 million carats in the same period in 2015 year.
The volume of stones, imported from the United States, decreased by 24.54%, while their value also showed a decline of 10.3%.
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TanzaniteOne, the world's largest producer of rare mineral tanzanite, fired 618 workers to reduce costs as production companies in Mirerani Hills (Mirerani Hills) in Tanzania falls.
The company, now owned by the state and Sky Associates State Mining Corporation (Stamico), previously to employ 1,200 workers.
"The production was reduced by 50% within a few months, but more serious is that the overhead costs are high This leads us to lay off workers." - said the director of Feysal Dzhuma Shaban (Faisal Juma Shabhai).
He said that the growth of illegal mining in the area of work and undermine its operations in the region.
Because of this, three of the five mining company mines were closed.
"Such incidents not only threaten the security of the company's employees, but also extremely complicate our operations, and we announce our decision to close three of the five mines", - concluded Shaban.
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