Polished diamond exports from Israel in the first half fell against the backdrop of recession sentiment among diamond traders, Rapaport reports portal.
Export deliveries were down 14% compared with the previous year and amounted to $ 2.61 billion, the data showed government. Exports to the United States, the largest market for Israel, fell by 15%, while in Hong Kong - 26%.
Dealers told Rapaport News of the difficult trading conditions in this year, in the context of the ongoing decline in global demand and intense effort of Israel to preserve its place in the market.
Polished diamond imports decreased by 10% to $ 1.62 billion and net polished exports - exports exceed imports - fell by 20% to $ 988 million.
Israel's rough diamond imports totaled $ 1.63 billion, the same as last year, and the export of raw materials has increased 2%, to $ 1.39 billion. Net rough imports, representing the amount of material remaining in the country to cut, fell 11% to $ 232 million.
The balance of Israeli diamond trade, which is calculated as the difference between total exports and imports of diamonds to reflect the added value of the diamond trade, abbr tilos by 23% to $ 756 million.
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