Hong Kong’s polished-diamond imports grew slightly in the third quarter by about 0.6% to $4.71 bn during the period ending September 30, according to a report in Rapaport.
The report adds that by volume, polished imports declined 3.4% to 5 mn cts, while the average price jumped 4.2% to $934 per ct.
Hong Kong’s polished exports rose 2.2% to $3.59 bn for the quarter.
Rough imports rose 28% to $376.7 mn, with rough exports up 26% to $552.8 mn. Net rough imports stood at $176.1 mn, compared with to $75.8 mn a year ago, as outbound shipments exceeded inbound trade.
Hong Kong’s net diamond account, reflecting total rough and polished imports minus total exports, dropped 8% to $948.7 mn says the report.
As per the report, polished imports to Hong Kong grew 7% to $14.07 bn in the first nine months of the year, with imports from India, the largest source, rising 16% to $6.77 bn.