Belgian diamond sector invites foreign companies for the first time to take part in the Antwerp Diamond Trade Fair, Rapaport reports portal. Eighth BrilliAnt Fair will be held January 29-31 on the trading floor of the Antwerp Exchange rough.
"For us as an international diamond center is only natural to take our annual fair participants from around the world - said the member of the organizing committee of the fair Polakevich Thierry (Thierry Polakiewicz). - It is an opportunity for companies operating in niche markets, to be more prominently represented in Antwerp. "
The organizers will consider applications in the order received and approved the participation of only those companies which are members of any of the exchanges that are part of the World Federation of Diamond Bourses.
Fair is the result of collaboration between the Antwerp Diamond Exchange, Antwerp Diamond Club of Antwerp Exchange rough and the Antwerp World Diamond Center.
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Israel's polished diamond exports in 2015 fell by 20% to $ 5 billion due to the decline in demand in key markets and the discrepancies between the prices of processed and unprocessed stones, told Rapaport portal, citing the Ministry of the economy.
Polished exports to the United States - a country that is the largest partner of the Israeli diamond trade - has decreased by 16% to $ 2 billion, while shipments to Hong Kong fell 28% to $ 1.35 billion Exports to Belgium, Switzerland and the United Kingdom also fell, the ministry said. in your message.
The recession hit the global diamond industry in 2015, when demand in the United States and China fell, and prices for rough diamonds increased, despite the reduction in diamond prices, which led to a decrease in margins, the ministry explained. Although the Israeli diamond sector has not escaped the global negative trend, its impact was moderate in comparison with other markets, the statement said.
Polished imports for the same period decreased by 23% to $ 3.48 billion. Net polished exports, representing the difference between exports and imports decreased by 13% to $ 1.52 billion.
Fell to 31% diamond imports for the year and It amounted to $ 2.78 billion, and its exports decreased by 28%, to $ 2.2 billion. Accordingly, net rough imports, which reflects the difference between imports and exports of raw materials fell by 39% to $ 585 million. The balance of Israel's diamond trade (the difference between pure diamond import and export pure diamonds) jumped by 18% to $ 931 Mill.
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